LiveELSS Fund’s Initial SIP of Rs 10,000 Grew to Rs 9.39 Crore
Under Section 80C of the Income-tax Act is the equity-linked savings scheme (ELSS), which has a track record of producing alpha returns over the long...
Category : ECONOMY
Chinese Central Bank Injects $24.7 Billion of Liquidity
On Tuesday, in a bid to maintain liquidity in the system, the People’s Bank of China infused a total of 175 billion yuan (USD 24.7...
Gameskraft Technology Faces Rs 21K Crore Tax Notice for ‘GST Evasion’
The Director General of Goods and Services Tax Intelligence (DGGI) has given tax notice of Rs 21,000 crore on Bengaluru-based Gameskraft Technology (GTPL) for allegedly...
Bank of Tanzania to Reduce Liquidity to Tackle Inflation
Tanzania’s central bank is likely to lower liquidity in the economy in September and October to slow increasing inflation in the east African country. The...
Polish Inflation Could Surge in September, Finance Minister Says
On Saturday, Poland’s finance minister Magdalena Rzeczkowska said that inflation in Poland could rise slightly in September. Rzeczkowska also asserted that she believed inflation would...
Canada Retail Sales Plunge in July Amid Rate Increases
On Friday, Statistics Canada said that Canadian retail sales dropped more than expected in July, though they likely rebounded slightly in August. Data released by...
Biden to Announce $1.5 Billion to Combat US Opioid Crisis
On Friday, US President Joe Biden will announce nearly USD 1.5 billion to fund medication access for opioid overdoses, sanctions against traffickers, and increased funding...
UK Cuts Taxes as Economy Falls into Recession
The new UK Government has introduced measures to cut taxes and stimulate growth as recent data showed the economy sliding into recession at the end...
Spain’s Second Quarter GDP growth Revised to 1.5% from 1.1%
On Friday, National Statistics Institute said that Spanish GDP grew faster in the second quarter of the year than initially estimated. Data from the National...
Eurozone Composite PMI Falls to 48.2 in Sept
In September, a downturn in Eurozone business activity deepened. S&P Global’s flash composite purchasing managers’ index for the eurozone fell to a reading of 48.2,...