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rbi

RBI expected to hike interest rate, but will it be an effective way to contain inflation?

Rate hikes, it turns out, are an unreliable instrument for managing currency pressures rooted in global risk sentiment. By Apoorva Javadekar, Chief Economist at Shriram GroupWhen the RBI’s bulletin, published ten days ahead of its October Monetary Policy meeting, carries a chart titled “Broad-Based Uptick in CPI Headline Inflation”, the direction of travel for interest...
finance minister nirmala sitharaman

India-US trade talks hit ‘plateau’: Sitharaman says further give-and-take ‘very, very difficult’

Finance minister Nirmala Sitharaman India and US have reached a “plateau” in negotiations over their bilateral trade agreement, with further concessions from either side likely to be “very very difficult”, finance minister Nirmala Sitharaman said on Monday. Speaking at the Munich Leaders Meeting in New Delhi, she said that while negotiations are still underway, any...
tax notice on land sale

Man sells ancestral agricultural land for Rs 8 crore, buys two properties and claims LTCG exemption; faces Rs 6.36 crore tax additions, why ITAT Chandigarh gave relief under Sections 54B and 54F

The ITAT Chandigarh eventually ruled substantially in the man’s favour on both questions. (Image for representative purpose only) When selling assets and claiming long-term capital gains, it is important to understand if you are eligible and under what conditions can you claim LTCG.A man sold his family’s ancestral agricultural land and claimed long-term capital gains...
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Stock Market Today Live Updates: RBI decision, crude prices & more in focus; Where are BSE Sensex and NSE Nifty50 headed?

Outlook for the Dalal Street is set to be shaped by monetary policy, corporate earnings, crude oil prices, global bond yields and foreign investor activity. The RBI’s interest rate decision will be a key domestic cue, with its stance, inflation outlook and growth forecasts likely to guide expectations on interest rates and financial markets. The...
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