The summary is:
1) The Indian government and opposition party took a small step towards consensus on implementing the country's first nationwide indirect tax by appointing an opposition member to head the implementation panel.
2) This tax aims to simplify India's complex tax system and boost economic growth but faces opposition from some states who fear losing fiscal autonomy.
3) Economists have lowered India's growth forecasts for the current and next fiscal years due to high inflation and interest rates, though growth is still expected to remain above 8%.
The current issue of Economy Matters focuses on “Financial Sector in India”. In Domestic Trends, we present an Economy Overview along with an analysis of the latest data on IIP, Inflation, Fiscal situation, Monsoon and Trade performance. In Policy Focus, we present the highlights of the key policies announced by the Government/RBI during October 2017. Analysis of Canada’s GDP, IMF’s latest global forecast and US Non-Farm Payroll data is covered in Global Trends.
INDIA ASSAULTS CASH AGAIN, 100% FINE FOR CASH USE WILL BOOST BITCOIN PRICESteven Rhyner
The Indian {finance|financing|money} {minister|priest|preacher} Arun Jaitley {presented|provided|offered} the Union Budget to the parliament, India's {most important|essential|crucial} {financial|monetary|economic} {event|occasion} {expected|anticipated} with hopes {and|as well as|and also} {worries|concerns|fears}.
The current issue of Economy Matters focuses on “Financial Sector in India”. In Domestic Trends, we present an Economy Overview along with an analysis of the latest data on IIP, Inflation, Fiscal situation, Monsoon and Trade performance. In Policy Focus, we present the highlights of the key policies announced by the Government/RBI during October 2017. Analysis of Canada’s GDP, IMF’s latest global forecast and US Non-Farm Payroll data is covered in Global Trends.
INDIA ASSAULTS CASH AGAIN, 100% FINE FOR CASH USE WILL BOOST BITCOIN PRICESteven Rhyner
The Indian {finance|financing|money} {minister|priest|preacher} Arun Jaitley {presented|provided|offered} the Union Budget to the parliament, India's {most important|essential|crucial} {financial|monetary|economic} {event|occasion} {expected|anticipated} with hopes {and|as well as|and also} {worries|concerns|fears}.
The Union Finance Minister Shri Arun Jaitley tabled the Economic Survey 2016-17 today, the first day of the Budget Session of the Parliament. The Economic Survey says that the adverse impact of demonetisation on GDP growth will be transitional and the economy will recover with remonetisation. The Survey states that once the cash supply is replenished, which is likely to be achieved by end of March 2017, the economy would revert to normal. The GDP growth in 2017-18, as per the survey, is projected to be in the range of 6¾-7½ percent.
The Survey suggests a few measures to maximise long-term benefits and minimise short-term costs. One, fast remonetisation and early elimination of withdrawal limits. This would reduce GDP growth deceleration and cash hoarding. Two, continued impetus to digitalisation while ensuring that this transition is gradual and inclusive, and appropriately balances the costs and benefits of cash versus digitalisation. Three, following up demonetisation by bringing land and real estate into the GST. Four, reducing tax rates and stamp duties.
This is an analysis and brief overview document on the Survey
Dig what’s for you in the Union Budget 2020 amidst the economic slowdown. From direct to indirect taxes and policy updates. The Economic Survey 2020 expects growth to rebound in H2 of FY2021 and annual growth to be in the range of 6-6.5 percent. See More : https://www2.deloitte.com/in/en/pages/tax/topics/union-budget2020-2021.html
The Union Finance Minister Shri Arun Jaitley tabled the Economic Survey 2016-17 today, the first day of the Budget Session of the Parliament. The Economic Survey says that the adverse impact of demonetisation on GDP growth will be transitional and the economy will recover with remonetisation. The Survey states that once the cash supply is replenished, which is likely to be achieved by end of March 2017, the economy would revert to normal. The GDP growth in 2017-18, as per the survey, is projected to be in the range of 6¾-7½ percent.
The Survey suggests a few measures to maximise long-term benefits and minimise short-term costs. One, fast remonetisation and early elimination of withdrawal limits. This would reduce GDP growth deceleration and cash hoarding. Two, continued impetus to digitalisation while ensuring that this transition is gradual and inclusive, and appropriately balances the costs and benefits of cash versus digitalisation. Three, following up demonetisation by bringing land and real estate into the GST. Four, reducing tax rates and stamp duties.
This is an analysis and brief overview document on the Survey
Dig what’s for you in the Union Budget 2020 amidst the economic slowdown. From direct to indirect taxes and policy updates. The Economic Survey 2020 expects growth to rebound in H2 of FY2021 and annual growth to be in the range of 6-6.5 percent. See More : https://www2.deloitte.com/in/en/pages/tax/topics/union-budget2020-2021.html
Despite the government's optimism of achieving a growth of about 7% in the Gross Domestic Product
(GDP) this fiscal, chances are it could be below that, at about 6.5% only. But that is one part. The bigger
issue is managing growth in the next financial year. Says Jagannadham Thunuguntla, equity head at
the New Delhi-based merchant banking company SMC Capitals Ltd, "We are in the last quarter of
this financial year. There is hardly any room left to manoeuvre at this stage. In my opinion, the bigger
challenge would be managing growth in the next fiscal."
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USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
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1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
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how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
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@Pi_vendor_247
1. India inches forward on major tax reform<br />NEW DELHI (Reuters) - The Congress-led government and the main opposition Bharatiya Janata Party (BJP) took a small step towards forging consensus on Monday on introducing the country's first ever nationwide indirect tax, a reform seen as a major tool for faster economic growth in Asia's third largest economy.<br />The government agreed to appoint Sushil Modi, a senior member of the BJP to head a panel on implementing the tax that aims to improve India's meandering tax regime. It is the first breakthrough for the two sides in moving the stalled tax reform forward.<br />Prime Minister Manmohan Singh has been accused of running a lame duck government, though he recently won some praise from investors and analysts with some bold policy decisions, including raising fuel prices to ease the subsidy burden.<br />quot;
It now looks as if sharp criticism has shaken them (government) out of lethargy,quot;
a research note by Macquarie Equities Research said of India's government.<br />The government has since its re-election in 2009 failed to make headway on the so-called key Goods and Services Tax (GST) due to opposition among some of the 28 states who fear that they will lose their fiscal autonomy.<br />The GST is intended to usher in a uniform market for goods and services, cut business costs and boost government revenues. At the moment, a manufacturer who wishes to move goods from one state to another has to struggle with a number of different taxes, as if taking goods across several countries.<br />The law is as much in focus for investors and the public because it shows the difficulties policymakers have in simplifying India's bureaucratic regulatory landscape, a key obstacle to economic development.<br />HURDLES AHEAD<br />The law needs to be approved by two-thirds of parliament and half of India's states, hence the need for the government to seek support from the opposition.<br />The Congress government has in the past accused the BJP of stalling the bill for political advantage. Officials have said the bill would miss its April 1, 2012 deadline.<br />quot;
Earlier there was a stalemate between the centre and some state governments ruled by the BJP. The process will at least start with this appointment,quot;
said N.R. Bhanumurthy, a New Delhi-based analyst.<br />GST slashes through a maze of local taxes that can be raised or lowered at will by states at present, making life harder for firms navigating in a country of 1.2 billion people with notorious bureaucratic red tape.<br />Speaking after his appointment, Modi -- Bihar’s finance minister -- sought to dispel talk that the legislation had become a political football.<br />quot;
It is not a political issue,quot;
he said. quot;
It has nothing to do with the BJP or the Congress. Even in the BJP manifesto there is GST, but the empowered committee is concerned about states' revenues and other state issues,quot;
he added.<br />But former finance minister Yashwant Sinha, a senior BJP leader who currently heads a separate parliamentary panel on the GST, played down the significance of the appointment.<br />quot;
No, it does not mean anything of that kind at all,quot;
he told Reuters when asked whether the new appointment indicated the opposition party could agree to the tax.<br />India's growth seen hurt by inflation, rate pressures<br />Economists have scaled down their growth expectations and raised inflation forecasts for the Indian economy, compared with their outlook just 10 weeks ago, a Reuters quarterly poll showed.<br />A poll of more than 20 economists, taken over the past week, showed the median estimate for 2011/12 GDP growth in Asia's third largest economy was down to 7.9 percent from 8.3 percent in the previous poll in May.<br />quot;
Just two months ago we were expecting an 8.8 percent growth rate for this fiscal year but inflation is not showing signs of moderation, interest rates have surged and global uncertainty has increased so we were forced to revise it down to 8.1 percent,quot;
said Arun Singh, senior economist at Dun & Bradstreet.<br />The Indian economy grew 7.8 percent in the March-quarter from a year ago, its slowest annual pace in five quarters, as rising interest rates crimped consumption and investment.<br />Indian GDP is expected grow 7.8 percent in the June-quarter and then slow to 7.5 percent in the next quarter, but pick up after that to stay above 8 percent until at least the end of 2012, according to the poll.<br />In the previous poll, growth was seen above 8 percent in all quarters of the fiscal year ending March 2012. The outlook for GDP growth in 2012/13 dipped marginally to 8.4 percent from 8.5 percent in the last poll.<br />The Reserve Bank of India (RBI) has raised rates 10 times since March 2010, ranking it among the most aggressive central banks in the world, and is expected to raise rates again by 25 basis points at its quarterly review on July 26.<br />While the biggest snags for the euro zone and the United States are ongoing debt crises, the holdup for emerging nations is rampant inflation.<br />For India, headline inflation remains above 9 percent despite the spate of rate increases, spurring policy makers to also scale down their growth expectations.<br />quot;
If need be we can live with slightly lower growth in order to have sustained long-run growth. So inflation needs to be controlled. There are no two ways about it,quot;
Kaushik Basu, chief economic adviser in the finance ministry, said on Thursday.<br />This has caused a marked slowdown in investment and consumption but economists believe the macro economic fundamentals of the economy are strong and growth will pick up in the second half of the fiscal year.<br />quot;
Growth will remain subdued for two quarters, until September , but I believe once inflation subsides and there is some visibility and clarity on the growth rate of the international economy, everything should be in line,quot;
said Dun & Bradstreet's Singh.<br />INFLATION, RATES<br />Despite the predicted interest rate hike, median consensus from the latest poll also showed economists revising up their forecasts for inflation for this fiscal year and the next.<br />Their forecast for inflation, as measured with the wholesale price index, is now at 8.5 percent for 2011/12 from 7.7 percent in the previous poll, and 6.5 percent for 2012/13.<br />Rising global crude oil prices and food inflation have been the main drivers of inflation in India with the latest figure, released last week, showing wholesale prices rose 9.44 percent in June.<br />quot;
It is going to come down extremely slowly as we go ahead. The main drivers will continue to be crude and the latent pressures that are already in the system and have to still spread out,quot;
said Sumita Kale, Chief Economist at Indicus Analytics.<br />quot;
I think the RBI has already factored that in and will probably have another couple of rate hikes and then see how to go after September .quot;
<br />Forecasts for the RBI's repo rate remained unchanged from a poll on June 14, with economists still expecting hikes of 25 basis points in the current quarter and next, taking the rate to 8 percent by end-2011, followed by unchanged interest rates until at least the end of December 2012.<br />What are H1B visas?<br />H-1B is a non-immigrant visa in the United States under the Immigration and Nationality Act, section 101(a)(15)(H). It allows U.S. employers to temporarily employ foreign workers in specialty occupations. If a foreign worker in H-1B status quits or is dismissed from the sponsoring employer, the worker must either apply for and be granted a change of status to another non-immigrant status, find another employer (subject to application for adjustment of status and/or change of visa), or leave the United States.<br />