Summary Points: Only 25.5% of India’s 143.81 crore population (36.67 crore) are working and earning, and 7.67% of them (2.81 crore) paid income tax in FY 2023-24. Personal income tax has grown at 15.6% per year over 29 years, outpacing the Sensex (11.58%) and GDP growth (10-11%). Indirect taxes like GST, paid by all, make…
Summary Points: India’s government plans to ditch the 6% Google Tax on online ads by April 1, 2025, as reported by The Indian Express, hinting at U.S. pressure. What It Was: Introduced in 2016, the Google Tax (Equalisation Levy) targeted non-resident tech giants like Google with a 6% tax on digital ad payments over RS.1…
Summary Points: Foreign banks are unloading dollars for big clients, spiking rupee demand and pushing it to 85.50 vs. USD, a level unseen since late 2024. March madness: dollar inflows from company borrowings and profits get swapped for rupees, juicing up its value as India’s financial year wraps. $3 billion hits Indian bonds, and foreign…
Summary Points: Context: Inspired by a Business Today article, this post addresses the middle class’s financial struggles, salaries stuck at Rs.10.5 lakh for 10 years, automation cutting jobs, and rising debt as a structural issue. Problem: With 6.5% annual inflation, Rs.10.5 lakh today is worth Rs.5.36 lakh in real terms, while automation threatens repetitive jobs,…
Today’s gold rate is Rs. 1,31,295 / 10gm (24K). Gold prices in India may rise due to increasing demand, festive seasons, and economic uncertainties. Global inflation and currency fluctuations further support its safe-haven appeal. My estimate is that gold price will reach Rs. 1,95,000/10gm by 2030 (check this price table).
Summary Points: You’re eyeing a Rs.1.2 crore house in Bangalore—buying means a Rs.50 lakh down payment and Rs.70,000 EMI, while renting starts at Rs.40,000 a month with an 8% yearly hike. Buying costs more (Rs.84 lakh over 10 years) but gives you stability and a potentially Rs.1.96 crore asset; renting saves cash (Rs.70 lakh) and…
Summary Points: Tax Harvesting Basics: Sell and reinvest equity mutual funds or stocks to keep long-term capital gains (LTCG) under Rs.1.25 lakh and avoid the 12.5% tax. Tax Loss Harvesting: Use losses from underperforming investments to offset gains, slashing your tax bill (e.g., saving Rs.2,500 on a Rs.1.5 lakh gain). Real-Life Wins: See how Priya…
So, I got a message the other day from someone who’s been investing stocks and mutual fund for years. But he is now curious about dipping his toes into the wild world of cryptocurrency, (Bitcoin). And I thought, why not explore what’s best in available in India for guys like this. If you too are…
Why do poor people, like so many of our own folks, stay stuck in that rut, while the rich just keep piling up more and more? It’s a heavy topic, but it’s one we’ve all seen play out in our lives. Whether it’s the chaiwala on the corner barely scraping by or the big-shot industrialist…
I was listening to this podcast the other day from Goldman Sachs, and it got me thinking about something we’ve all been hearing about lately: tariffs. You know, those extra taxes slapped on stuff U.S. import from other countries? They’ve been all over the news, and honestly, it’s hard to keep up with what it…
I know there are lot of investors who are obsesses with gold as I’m with equity as a whole. In recent you might have noticed something odd. If not, this blog post will draw your attention towards it. The Sovereign Gold Bond (SGB) scheme, once the golden child of the Indian government’s financial toolkit, seems…
Recently, I’ve read an excellent news article published on Moneycontrol. It is about oil supply dynamics and how they’re shaking things up in what folks are calling the “new world order.” It’s a big and complicated topic, but don’t worry, I’m here to declutter it down so that you know what’s going on without drowning…
