Bond yields remain a benchmark for banks to set interest rates for lending purposes. An elevated bond yield will trigger interest hikes from banks without the need for Central Banks of respective countries to increase policy rates The US treasury bond yields jumped over 5 per cent last week for the first time in a […]
With about Rs 1.5 trillion in tax demand for 2017-2022, the fast-growing online gaming industry has woken up with a shock after the Goods and Services Tax (GST) Council decided to bring in a 28 per cent tax on online gaming recently. Even though the tax authorities have been reiterating from time to time that […]
During the G20 Summit in New Delhi, India exhibited its soft-power diplomacy, which is no longer limited to the strength of its ancient culture, traditions and hospitality. At the Bharat Mandapam, one of the main venues in New Delhi in August, the UPI services for foreign delegates and a unique ‘Digital India’ tech experience featuring […]
At USD 590 billion, India seems to be sitting pretty on its forex reserves. The current slippage is primarily on the strengthening dollar and rising bond yields after the Fed’s commentary on a ‘higher and longer’ interest rate. Things will improve in time. The Dollar’s rise has triggered depletion in India’s foreign exchange reserves to […]
