Can the Indian stock market keep falling like the Japanese stock market?

It is common knowledge that the Japanese stock market (often represented by the Nikkei 225) has been underwater since December 1989. That is, it kept falling (excluding minor recoveries) for about 23 years until later 2012. Since then it has seen a recovery. Many investors have asked us, “can this happen to the Indian stock…

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RBI Repo Rate History

RBI Repo rate history from June 2000 to the present is presented in the table below. The repo rate is the rate at which RBI lends money to banks. It is an inflation and liquidity control measure.  A simple explanation with example is available here: Understanding Repo Rate and Reverse Repo rate Since the inception…

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Why Turkey’s interest rate is 17%! Why investors should not wish for high rates!

Every time the RBI lowers interest rates, we see many investors complain. In this article, Harshini explains why a high-interest rate is not healthy for our finances by taking Turkey’s example, where interest rates were recently increased to 17%! Older readers may recall when EPF and PPF rates were as high as 12% in the…

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Now everyone can get income-tax exemption for payment of deemed LTC fare

The Government launched an LTC (Leave Travel Concession) Cash Voucher Scheme for Central Government employees on 12th October 2020 to enable employees to purchase goods and services instead of availing LTC & leave encashment. On 29th Oct, they have extended it, non-central govt employees, as well. Now the private sector, public sector and state govt…

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LTC cash voucher scheme for Central Government Employees Explained

The Government launched an LTC (Leave Travel Concession) Cash Voucher Scheme for Central Government employees on 12th October 2020 to enable employees to purchase goods and services instead of availing LTC & leave encashment. This is a reimbursement scheme for LTC expense to revive the economy. Details and FAQ about the scheme are presented. About…

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In 2019-20 Government has so far spent 77% more than its income!

The consolidated monthly Account of the Union Government of India up to the month of October 2019 for the Financial Year 2019-20 was recently released. The total spending is Rs. 16,54,905 crores,  a good 77% more than its total revenue! What are the different heads of income and expenditure for the government? An explanation.

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