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.
Continue reading →
The Atal Bimit Vyakti Kalyan Yojana is a new unemployment insurance scheme. Will this provide enough relief if we lose our jobs? Let us find out how the scheme works, its benefits and features
Continue reading →
The reduction in corporate tax to 25.17% with no minimum alternate tax (MAT) for domestic companies (that are not incentivised) and 17.01% (plus no MAT) for new companies announced on 20th Sep 2019 is indeed a huge announcement. However, one should not confuse the zoom in market indices as a sign of economic revival or…
Continue reading →
We are living in a time where half a data point is enough to announce trends, patterns prophecies. Every week one guy says the markets are going to tank and another says it will do well. The latest such development is the so-called inversion of the US bond yield curve and its association with the…
Continue reading →
The people have spoken and how! The stock market may rejoice at the results of Lok Sabha 2019, but the new government has its work cut out. Modi 2.0 faces many economic challenges, perhaps because of their own doing: demonetization. Read about any sector, be it agriculture, auto, consumption, exports, banking, airlines etc, the one…
Continue reading →As oil prices rise once again, let us discuss what we can learn from historical petrol, diesel prices in India and the associated inflation. Petrol or Diesel prices in India is a touchy subject. While citizens (most users will be part of great, wide Indian middle class) feel angry about the huge taxes that they…
Continue reading →The Economic Survey 2017-2018 was published yesterday with a clear warning that the stock market valuations are too high and unless earnings increase, a correction should be expected. The survey also argued that the bond market seems to have forgotten about the growth in the national small savings fund. Amidst the euphoria about increased GDP growth…
Continue reading →The yield curve is a plot of current yields of bonds from the same type of issuer versus their respective maturities. Observing the bond yield curve is a way to find out what is going on with our economy. In this post, I discuss how one can do this some examples. Before we begin, my book…
Continue reading →The distribution of wealth cannot be even among the members of a society/country. This is just not practical. Oxfam International’s global inequality report released this month points to the world in which the gap between the rich and poor is alarmingly getting wider. In this post, I discuss how to make (statistical) sense of this…
Continue reading →An exposure to equity is not necessary to beat inflation or finance our future if we know how to account for inflation by other means. It is merely a choice. Many of us did not have any equity exposure when we started managing our money. We read about it; thought it might a be a…
Continue reading →