In a landmark ruling, the Karnataka High Court has pronounced specific regulations for international workers within India’s provident fund law as unconstitutional and arbitrary. To comprehend this decision, it’s essential to review the legislative context: The provident fund legislation defines an international worker as an employee who holds a foreign passport and is employed in … Read more
Backed by billionaire Mukesh Ambani’s Jio Platforms and South Korea’s Naver Corp, the artificial reality startup has released a multilingual LLM called Sutra as well as a beta version of a multilingual LLM-based chatbot called Geniya. Two Platforms also plans to soon release an artificial intelligence-powered messaging and social app called Zappy in India, according … Read more
Lok Sabha Elections 2024: Voter turnout is low, but the process is slow. People have waited for an hour and gone back without voting, said former HDFC Chairman Deepak Parekh while addressing the media following his vote at a polling booth in Peddar Road, Mumbai. Mumbai’s vote percentage has been exceptionally dismal for a very … Read more
As the deadline of July 31 to file income tax (I-T) returns is approaching fast, taxpayers must be scouting for documents, forms and necessary information to be able to file their tax return as soon as they can. Before filing your tax return, make sure that you have linked your aadhaar with your PAN. The bank account … Read more
Silver prices have outshone gold this year so far. In domestic spot markets, they have gained about 18 per cent year-to-date (YTD), trading at ₹86,000 a kg mark. On the other hand, spot gold prices have risen about 16 per cent this year so far, trading near ₹73,000 per 10 gram mark. Indian stock market … Read more
The financial independence of women is described by the term fiscal feminism and it is becoming popular in India. This term represents women’s freedom in terms of money, especially those who are mothers since they are defying traditional barriers and redefining their roles within the financial sector. The emergence of fiscal feminism India has experienced … Read more
Over the past month, the Indian market has been dilly-dallying around the ground of the all-time range. Nifty50 is trading within a broad range of 1000 points, between 21,800 to 22,800. Although the market lacks a clear direction, it shows a positive trend as there has been no loss in investor value. The country’s total … Read more
Guin began his career in software sales, but now works in a strategy role at a large telecom firm, which he transitioned to after earning an executive MBA at the Indian Institute of Management, Ahmedabad. He discovered the FIRE movement on social media in 2018, but his interest deepened during the covid pandemic in 2020. … Read more
On Wall Street in the week ahead, the spotlight will be on the minutes of the Federal Reserve’s last monetary policy meeting and first quarter earnings from the chip giant Nvidia. Both the events are scheduled for Wednesday. In other economic developments, investors will closely watch for Fed chair Jerome Powell’s commencement remarks and home … Read more
I have been investing in mutual funds for the past four years. Last year, I moved to Dubai and am currently a non-resident Indian (NRI). Say, if I exit all my mutual fund investments now, would I have zero tax liability? —Name withheld on request. I am assuming that you qualify as a non-resident (‘NR’) … Read more