Three key takeaways from Kevin Warsh’s second FOMC press conference
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Costs on FCNR(B) deposits are likely to rise by 15-20 basis points for Indian banks, over and above the interest cost committed to depositors, as banks have to separately hedge the dollar liability arising from interest payments on these deposits, bankers said. The cost of managing this exposure depends on currency forward premiums and interest…
Inside LCG’s Take Over; CMC Markets Adds ChatGPT Inside LCG’s Take Over; CMC Markets Adds ChatGPT Inside LCG’s Take Over; CMC Markets Adds ChatGPT Inside LCG’s Take Over; CMC Markets Adds ChatGPT Inside LCG’s Take Over; CMC Markets Adds ChatGPT Inside LCG’s Take Over; CMC Markets Adds ChatGPT Today’s financial news recap covers Inside LCG’s…
A company that lost a ₹79.25 lakh gratuity deduction because of an error in its income tax return has won relief from the Income Tax Appellate Tribunal (ITAT), Chennai. The tribunal held that a genuine tax deduction cannot be denied merely because it was reported under the wrong schedule in the ITR, particularly when the…
Sometimes, a relatively small movement in a set of statistics is worthy of far more attention than the headline number might suggest, and the latest Financial Conduct Authority (FCA) mortgage sales data feels very much like one of those occasions. According to figures recently published in Mortgage Solutions, non-advised mortgage sales increased from 2.6%…
Smaller Unified Payments Interface (UPI) apps have opposed a new checkout framework proposed by the National Payments Corporation of India (NPCI), called UPI Meta (also referred to as UPI Checkout). The companies have urged NPCI to reconsider the planned rollout, warning that the feature could further enhance the dominance of PhonePe and Google Pay…
Key insight: The Federal Reserve’s preferred economic indicators in recent weeks support the central bank keeping interest rates unchanged, while certain real-time data suggest a rate hike to tamp down inflation might be in order. Expert quote: “My suspicion is the chair will find it in his own best interest to describe the committee’s reaction…