The July update on the world economy released by the International Monetary Fund (IMF) on the 24th of July 2017 has some interesting insights from a macroeconomic standpoint. A few key highlights appear to emanate from the IMF monthly update. Firstly, the role of the US in driving the global growth is likely to be …
Angel One has developed an AI system called ARQ that is designed to support people in their investments and meet financial goals. Mumbai: When Tony Stark is Iron Man, he’s usually on his own while battling villains and cosmic menaces. But he doesn’t fly solo. Anyone who saw the Iron Man movies will recollect that Stark’s suit was patched …
The Ministry of Statistics and Program Implementation (MOSPI) announced the retail inflation number for the month of June 2017 on July 12th. In continuation with the inflation trend in the last one year, the trend of retail inflation continues to be down. In fact, over the last one year (as depicted in the chart below), …
The index of industrial production for the month of May came in at 1.7% continuing its downward trend over the last one year. As the chart below depicts, the IIP number has virtually fallen in tandem with the manufacturing growth, which remains the largest component of the IIP. In fact, it would be interesting to …
The Federal Reserve made public the minutes of its June meeting earlier in the week. The minutes of the Fed meet were much awaited. While it was already clear that the Fed would hike the rates once more in 2017 and thrice more in 2018, the markets were actually looking for greater clarity on the …
The Purchase Manager Index (PMI) for the month of June 2017 came in slightly above the 50 mark in case of the PMI Manufacturing, although it was comfortably above the 50 mark in case of PMI services. The PMI of manufacturing and Services had taken a sharp hit in the immediate aftermath of the demonetization …
The core sector numbers for the month of May 2017 were announced on June 30th. The core sector forms an important part of IIP calculation as under the new series it constitutes nearly 40.2% of the overall IIP composition. The core sector essentially consists of 8 core sectors that form the backbone of economic growth …
“How will the GST impact your personal financial plan” surely appears to be a rather strange question? In reality, the implications of the GST for your financial plan could be much more significant that you may care to imagine at this point of time. GST is going to directly and indirectly impact your asset mix, …
One of the big arguments against GST is that it tends to be inflationary by pushing up the prices of goods and services. At least, that is what the experience in countries like Australia and Malaysia was when they first implemented GST. But why exactly does that happen? One of the main reasons is that …
Most discussions on GST in the last few months have focused overly on the aspect of GST rates. However, what is less discussed and perhaps equally important, is the aspect of input tax credit (ITC). To understand the concept of ITC, you need to be first clear about the fact that the GST is a …
