Elon Musk Warns U.S. Approaching Bankruptcy as National Debt Soars
In a recent statement, Elon Musk has raised concerns over the U.S. economy, warning that the country is on a fast track to bankruptcy. With the national debt surpassing $34.94 trillion, the burden of interest payments has become overwhelming. In 2024, interest payments on the debt are expected to... read more »
Udyam Registration Benefits MSMEs Across India: A Detailed Insight
Introduction:The Udyam Registration has become a cornerstone for Micro, Small, and Medium Enterprises (MSMEs) in India, providing access to numerous government-backed schemes that foster business growth and sustainability. As of December 29, 2021, the total registered MSMEs had surged to 63.4... read more »
World Development Report 2024: Navigating the Middle Income Trap
The World Bank has released its highly anticipated World Development Report 2024, titled “The Middle Income Trap”. The report sheds light on the challenges faced by middle-income countries in achieving sustainable economic growth and advancing to high-income status.Key Findings:1.... read more »
Report on the Indian Union Budget 2024
The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman on July 23, 2024, marks a significant milestone in India’s economic journey. This budget, the first during Prime Minister Narendra Modi’s third term, outlines a detailed roadmap for achieving ‘Viksit Bharat’ by... read more »
More from Economy
How is Taxable Income Calculated – Know Income Tax Slab Based
All individuals and entities in India, having a taxable income, are required to pay taxes to the Income Tax Department and file their income tax returns. If you are looking for financial... read more »
Indian Private Limited Company Incorporation Process via SPICe+
As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs introduced a web based incorporation service called as SPICe+. SPICe+ is one... read more »
Charging Interest for the 3-month Moratorium period on EMI
Do you have a bank loan like I do? Because of this Coronavirus lockdown, the RBI announced a 3-month freeze on EMIs on all loans till May 31st. But the catch is – interest will keep... read more »
6 Ways to Ensure Regular Income After Retirement
Most people don’t think ahead financially, and it often takes a toll on them when it’s time to retire. The average life expectancy in India is also rising, with the current statistics... read more »
Compensate for your Absence in the Best Possible Ways
Don’t all your plans revolve around your family? Moreover, if you are a parent, it is a case of who’s going to bring your child to a football match or an annual day or a gymnastics class? You... read more »
