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 […]
Rising oil prices, appreciating US dollar and monsoon deficit in the wake of EL Nino put a formidable challenge to global economies to contain food inflationWhile the central banks across the globe have been sweating it out to bring down inflation in the aftermath of the Russia-Ukraine conflict, still the biggest challenge before them seems […]
Prime Minister Narendra Modi’s initiative of the Global Biofuel Alliance is a great step towards mitigating climate change. It may also further India’s push for becoming carbon neutral nation, and also solve its growing energy needs India’s G20 presidency was a watershed moment for the nation and its global diplomacy. India was not just able […]
Stanford University’s 6th edition of the AI Index Report (2023) ranks India as the country with highest AI skill penetration rate, followed by the USA and Germany. India along with the United States and Israel also has the highest reported relative AI skill penetration rates for women. Generative AI technologies such as OpenAI’s GPT-4 and Dall-E […]
With the chip shortage saga behind, the domestic auto industry is gearing up for the long festive season ahead. The growing appetite for big cars among customers is making the industry rev up Indian car buyers seem to be gradually moving over its ‘kitna deti hai‘ yardstick, a phrase famously coined by the country’s largest […]
India’s bellwether sector, the IT industry, has displayed enough character in the face of adversity by refusing to cow down. The top companies have been showing flexibility in operation, increasing efficiencies to make up for the recent stagnancy in growth As they say, the elephant has passed and only the tail remains which means that […]
A bad monsoon is a harbinger of financial stress in the rural parts of the country where farm income is the primary source for the people. A less than normal monsoon not just impacts the farm incomes, but has a cascading effect on businesses which serve the agriculture industry, two-wheeler sales and the overall consumption […]
While disruptions in the form of Russia-Ukraine conflict led to price escalation in crude oil, China Covid-19 lockdown and the US banking crisis brought it back to ground zero. The outlook for brent and US WTI looks uncertain as the world is caught between looming recession and bouts of positive economic indicators which emerge from […]