Economy

When things are going well, all of us are busy managing wealth! Planning for the next trip. Finding faults with others. Becoming restless if the work assigned is delayed by the vendor or the team. We think of growing the business or pushing the kids to do more and more! …

Mr. Kanakaraj is employed at Golden Tech. He gets his salary, and perquisites from the company, after deducting applicable taxes. Mr. Abhishek is a Member of Parliament (MP). He also gets his salary, and perquisites from the Government of India after deducting applicable taxes. Additionally, he also gets a lifetime …

In the previous article (read here https://simplifiedlaws.com/economy/karnataka-budget-2022/), we have seen that the Government of Karnataka is estimated to spend Rs.2,61,977 Crores, of which, Rs.1,89,977 Crores comes from Revenue sources and the balance of Rs.72,000 comes from loans/borrowings. On what does the Government spend the money? For our easy understanding, let us …

Amidst bigger news like the Ukraine Russia war, election results of 5 states, new Covid variants, etc., Karnataka Budget could not find much space in the media and minds of people. As there were not many takers, it had a shelf life of less than 24 hours! Did you hear …

The war has begun. This shows that the human mindset has not changed over centuries. A street fight among humans should not be part of a civilized world. All the preaching has no place when people start fighting like wild animals. When these headlines grab our attention, we go back …

A friend of mine was in low spirits for not investing in Bitcoin a year before. He continued “Had I invested, I would have made a lot of money” I asked him “Do have the same feeling of wasted opportunity by not doing Future & Options (F&O) trading? Betting on …

Will the Government abolish Income Tax? This question pops up once in a while in the public domain. To answer this, here is the estimated total Tax revenue of the Union Government for FY23 – Corporate Tax (Tax paid by business entities) Rs.7,20,000 Crores Income Tax (Tax paid by salaried …

FM read out the speech from a digital tab and most of the contents of the speech referred to digitization. It is indeed a digital budget both in words and spirit. Amrit Kaal from India @ 75 to India @ 100 is the vision statement of this budget. The budget …

None of us will forget 8th November 2016, the day Demonetization was announced by the Government. How much cash was in circulation during that time?  The Annual Report of RBI shows that the total currency (cash) in circulation was Rs.17,77,000 Crores. The latest report of RBI, published in November 2021 …

I can confidently say that all of us know that people are making money from trading or investing in shares.  We also know a couple of other facts like (a) investing comes with high risks (b) the returns from shares are higher than from regular Fixed Deposits (c) Shares are …