Finance

Former IMF Executive Director Advocates for Personal Tax Reductions in India

By Editor - News Desk
Former Executive Director of the International Monetary Fund (IMF), Subhash Chandra Garg, has called for a reduction in personal income tax rates in India, emphasizing that the current tax burden on individuals is excessively high. He suggests that the government should prioritize tax relief for individuals over corporations, noting that while corporate tax rates have […]
Business Finance

RBI Utilizes $77 Billion from Forex Reserves to Stabilize Rupee Amid Depreciation

By BPN News Desk
The Reserve Bank of India (RBI) has deployed $77 billion from its foreign exchange reserves to stabilize the Indian rupee, which has witnessed a sharp depreciation in recent months. This move reflects the central bank’s efforts to manage volatility in the currency market and maintain investor confidence amid global economic challenges. “Sharp Rupee Depreciation
Business Finance

Equity Mutual Fund Inflows Reach ₹4 Lakh Crore in 2024 Amid Market Volatility

By BPN News Desk
The Indian mutual fund industry witnessed a remarkable year in 2024, with equity mutual fund inflows nearing ₹4 lakh crore. This surge reflects investor confidence despite intermittent market volatility. However, industry experts caution that 2025 could pose challenges due to heightened market fluctuations and global economic uncertainties. “Record-Breaking Inflows
Business Finance

Kotak Mahindra Bank Optimistic About NIM Growth

By BPN News Desk
Kotak Mahindra Bank has projected an improvement in its net interest margin (NIM), underlining its confidence in a stronger financial performance in the upcoming quarters. This optimism comes as the bank continues to enhance its operational efficiencies and align with evolving market dynamics. The bank’s management highlighted its focus on maintaining a healthy balance

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