So far this year, the rupee has weakened 7%, while foreign investors have sold $410.30 million and $5.62 billion in equity and debt markets, respectively. Photo: Mint Mumbai:The Indian rupee on Wednesday was trading marginally higher against the US dollar, tracking gains in local equity markets. At 9.12am, the rupee was trading at 68.64 a dollar, up 0.05% from its …
The government cannot let the recovery in the Indian economy take its own sweet time, not with the elections less than a year away. Photo: Mint The Nikkei India Composite PMI Output index, a gauge of private sector economic activity in both the manufacturing and services sectors, came in at a strong 54.2 for July, up from 52.6 in June. A …
Bitcoin is the world’s first cryptocurrency and it has changed the way people see money. Indeed, many people have become millionaires thanks to Bitcoin, particularly those who purchased their coins in 2010 and 2011. In 2017, bitcoin boomed again, as did Ethereum, and more millionaires were made. Cryptocurrencies are now so popular that it is even possible and legal to …
Photo: Pradeep Gaur/Mint I am based in Kenya and am selling a house in Hyderabad, which I had bought in 2007. How will long-term capital gains (LTCG) be taxed? —Sahil Gupta Sale of a capital asset such as a house results in capital gains. When a property has been held for more than 2 years, the gains are referred to …
Different health insurance products carry different exclusions. Photo: iStock Malti Jaswal, chief operating officer, Health Insurance TPA of India Ltd Need to rationalise scope of exclusions One of the most contentious issues, which is also the reason for the highest number of grievances lodged by health insurance policyholders, pertains to “exclusions” under a health insurance contract. As more comprehensive products are …
If you travel for business, then a good carry on bag is a must. Currently, you’re allowed to carry bags measuring up to 9 inches deep, 14 inches wide and 22 inches high onto commercial flights with most U.S. airlines. Best Carry on Luggage for Business Travel There are plenty of different styles, brands and special features to choose from. …
Amendments proposed that contributions received through electoral bonds be excluded from political donations act | Wikipedia The Financial Sector Reforms and Legislation Division has agreed with the EC’s view, which is that the new laws are ‘retrograde’ and need to be withdrawn. New Delhi: The Election Commission’s concerns over the transparency of electoral bonds, introduced via the Finance Act, 2017, have …
Sahil Agarwal, an IT consultant, stays with his homemaker wife and one-year-old child, in Pune. He stays on rent, even though he has his own house, which provides a rental income of Rs 12,000 a month. Combined with Agarwal’s monthly salary of Rs 91,000, his total income comes to Rs 1.03 lakh. The household expenses amount to Rs 57,000, insurance premium accounts …
Sanjay Dutt’s biopic Sanju is breaking records on domestic box office collection. This movie has decent entertainment value across age groups. Sanjay Dutt’s life story could also provide with some important personal finance lessons. Here are some of them: i. Blindly following friends’/relatives’ advice is bad In our network, we are surrounded by people who cannot be trusted. In movie it’s displayed, …
Bloomberg’s Tweed looks at the implications of H.K.’s ruling to grant visas to spouses of gay expatriate workers. A landmark Hong Kong court ruling granting visas to spouses of gay expatriate workers will help fuel LGBT groups pressuring Singapore and Japan to change their policies as the global financial hubs vie for business and talent. The top court’s decision puts …