On Sunday, September 6th, Mercedes’ Lewis Hamilton took pole position at the Italian Grand Prix at Monza, sporting a new crop of bright blonde hair. And demolished the opposition with a 25-second lead over runner-up Sebastian Vettel who raced for Ferrari. Yet, Hamilton’s goose was all but cooked as he got pulled up by the… Read More »
Bappi Lahiri would be grinning ear to ear. King Solomon’s mines would be getting emptied like there’s no tomorrow. Reason? Gold’s going up! There are two indicators why gold investors can hope for an upside to their gold investments in the future. One, the gold import tariff has gone up. This just means that the government… Read More »
A slowing economy. A bonanza for property buyers. Contradictory? Not exactly. The Indian GDP fell by 0.5% in the latest quarter and currently is 7% for the quarter ended June 2015. Over the last year, growth has been hovering in the 6.5-8.5% range. On a global canvas, when most economies are tottering and China is choking, ask… Read More »
Of late, consumers and enterprises in India have been feeling a lot like Aussie bowler Mitchell Johnson in the recent AUS-NZ World Cup face off. If Johnson was left battered after having ducked blow after bludgeoning blow from Kiwi batsman McCullum’s willow, Indian taxpayers find themselves doing some ducking of their own. For, they end… Read More »
Many of us think twice before handing over our cards to the waiter in a restaurant. And it is fact that we are not so happy to handover our card to someone, who swaps it at a machine located away from our line of sight. Technology now has solution for this worry too! Contactless cards… Read More »
After holding on to resounding pressure to reduce repo rates amid falling inflation rates, the Reserve Bank of India finally issued a notification announcing a cut in its repo rate by 0.25 per cent coming into effect immediately. The move comes after the premier agency kept policy rates unchanged for the fifth time in a… Read More »
If you are one of those Indian expatriate sending money or remittance to your relatives or clients in India through Indian money transfer agencies or banks, you may have to pay an extra transfer fee very soon as the government of India has decided to reintroduce service tax on all inward remittances. The reintroduction of… Read More »
The festive season has come a few days in advance for the vast majority of the Indian population as the government is working on a proposal to amend the Payments of Bonus Act of 1965. The new proposal when confirmed would effectively mean a large number of employees would be eligible for an annual bonus… Read More »
There is no magic wand to remove inflation the RBI governor Raghuram Rajan had once said underlining how inflation was one of the biggest roadblocks in the growth of the Indian economy. The Reserve Bank of India kept the repo rates unchanged in the fourth bi-monthly monetary policy issued last month as the premier bank… Read More »
Social media is more than just updating your status, sharing pictures and gossiping with your friends, relatives and followers. Social media platforms are the next big thing in business and even money transactions. The most recent and revolutionary addition to the social media platforms is the instant money transfers between friends and followers as banks… Read More »