Category: Economy

TDS on Salary under Section 192 of the Income Tax Act TDS on salary means that tax has been deducted by the employer at the time of depositing the salary into the employee’s account. The amount deducted from the employee’s account is deposited with the government by the employer. Before an employer deducts tax at source from […]

India’s GDP outperformed expectations with a 7.8% increase in Q4FY24, leading to an annual growth rate of 8.2% for FY24, as reported by the National Statistical Office (NSO). This growth, which is higher than the previous fiscal year’s 7%, was fueled by strong performance in manufacturing and construction sectors, and a rise in mining activities, […]

Students should limit their education loans to essential expenses. Banks provide a moratorium on education loan repayments, typically lasting up to a year post-graduation or six months after employment, whichever comes first. During the moratorium, interest accrues, so servicing the interest can reduce overall costs. Paying extra towards the principal also lowers the total interest. […]

Fiscal deficit in April constitutes 12.5% of the FY25 goal; RBI’s significant dividend offers fiscal flexibility. India’s fiscal deficit for the previous financial year was reported at 5.6% of the GDP, which is lower than the revised estimate of 5.8%, attributed to higher-than-expected revenue and reduced spending. The initial budget estimate for FY24 was set […]

April’s core sector output has seen a notable rise of 6.2%, up from 6% in March, primarily driven by significant growth in the natural gas, refinery products, coal, steel, and electricity sectors. This increase, as reported by the commerce ministry, is partly attributed to the low base effect, considering the core sector’s growth was at […]

The demand for investments has hit the lowest mark in the past four quarters, and consumer spending continues to be lackluster. The proportion of private final consumption expenditure (PFCE) to nominal GDP slightly decreased to 57.9% in the March quarter from 58.2% in the previous year. Despite the central government’s significant capital expenditure efforts, the […]

As Borussia Dortmund gears up for the ultimate test in Saturday’s Champions League final, they face a Real Madrid team brimming with stars and the anticipation of claiming their 15th European championship at Wembley. The Spanish behemoths, with an unmatched record in the competition, are the top contenders, facing a Dortmund team that has defied […]