The National Stock Exchange (NSE) has announced the launch of derivative contracts for the Nifty Next 50 index which will come into effect from April 24th. This announcement comes after the NSE received approval from the market regulator, SEBI. NSE has stated that the lot size is fixed at 10 for futures and options. The … Read more
Exploring similarities between seemingly unrelated things Let’s start by talking about something that most people take for granted. Is it grocery stores, is it the census, is it GPS, is it goldfish, is it frogs… maybe mangoes 🥭? No, it’s markets. Who decides the prices of mangoes/equities/kidneys and oil? Mangoes are great, but where do … Read more
Detailed Explain On 2000 RS Note It’s been five days since RBI announced its decision to phase out Rs 2000 currency note from active circulation by 30th September 2023. After the initial panic and furore settled over the validity of the denomination and exchange process, there are interesting trends to witness. In this article we … Read more
On May 19th, the Ministry of Finance announced an amendment to FEMA (Foreign Exchange Management) Act to include international payments done via credit cards under LRS (Liberalised Remittance Scheme) and liable to TCS (Tax Collected at Source). In this article, let us understand what is LRS and how this amendment will impact you. What is … Read more
In April, the most anticipated data, the US inflation hit its lowest level in almost two years. The Consumer Price Index rose by 4.9% over the last year. The CPI inflation rate cooled down from 9.1% in June 2022, an all time high level in 40 years! The drop was lower than what experts had … Read more
As we write, U.S. President Joe Biden is in talks with Congress leaders to arrive at a deal to raise the government debt ceiling and avert a debt default looming by June 1st and its domino impact not just on the U.S. economy, but a snowballing effect on the global economy. Let us take a … Read more
On May 5th, India’s Forex reserves went up by USD 7 billion to touch an 11 month peak of USD 596 billion, as per RBI report. In October 2021, the forex reserves went to an all time high level of USD 645 billion, to decline from there as the regulator utilised the USD kitty to … Read more