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India is the only big economy that is universally expected to grow at a fast clip now, and, therefore, a slew of foreign luxury brands are stepping into the country during the festive season to take advantage of the projected spurt in consumer spending.
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What is concerning is that out of those gig workers surveyed, close to 40% were the primary breadwinners for their family. Moreover, 66.2% of gig workers did not have any savings, while 8.2% were unable to save, despite aspiring to do so.
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The study by the country’s largest bank also projected that the weighted mean income of the income tax filers in India would rise from Rs 13 lakh in 2021-22 to about Rs 49.9 lakh in 2046-47
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If the total income of a person from various services including rental income, interest on bank fixed deposits and other professional services exceeds Rs 20 lakh in a year, it will be taxed
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Now, as per its recent circular, KRAs can authenticate the customer’s identity within 2 days of them submitting documents. Additionally, KRAs can begin the customer validation process after their account has already been opened.
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The factory output growth in terms of the Index of Industrial Production stood at 12.6% in June 2022 due to a lower base effect
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Lawmakers have suggested capping fares to prevent unreasonale spikes during busy days
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RBI has kept the repo rate unchanged, but sounded a caution on rising inflation
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Hit by the sudden ban on imports of laptops and tablets, PC makers have sought more time from the government
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At least half a dozen NCR builders, including DLF, Sabh Infra, Exxon, Bhutani, Veera Group and Axis Ecorp have either announced or are planning projects in Goa