#PersonalFinance | NRIs and foreign investors enjoy low tax rates on investments made in the International Financial Services Centre (IFSC) in the Gujarat International Finance Tec-City (GIFT) located at Gandhinagar, Gujarat.
#PersonalFinance |Legally, the IFSC is considered a jurisdiction separate from the rest of India, that provides financial services in foreign currency.
#PersonalFinance | An AIF, which is a privately pooled investment vehicle, comes in three different categories. Category I funds invest in start-ups or early stage ventures.
#PersonalFinance | Category III funds such as hedge funds employ diverse or complex trading strategies for investment in listed or unlisted securities/derivatives.
#MintPlainFacts | The $100,000 H-1B visa fee reflects broader anti-immigration sentiment brewing across several Western countries to which Indians have traditionally flocked for work and emigration.
#MintPlainFacts | US H-1B visa fee hike shocks India, may hit IT sector reliant on foreign workers. Other countries tightening skilled worker policies too.
#MintPlainFacts | Regulators and policymakers are alarmed about the gold loan market, with the RBI restricting IIFL Finance and the finance ministry urging banks to review their gold loan portfolios due to concerns about collateral adequacy and repayment methods.
#MintPlainFacts | Gold loans, once a mainstay of mainly NBFCs, soared during covid, which affected life in India from March 2020 onwards, and its aftermath.
#MintPlainFacts | The incentive to take gold loans was driven by two factors. One, a move by RBI to increase the loan-to-value ratio of non-agricultural gold loans from 75% to 90%. Thus, for ₹100 worth of gold, lenders could issue a loan worth ₹90, against ₹75 previously. Two, a sharp jump in the price of gold itself.
#MintPrimer | Farmers have laid siege to European cities with tractors protesting subsidy cuts, cheap imports, high energy prices & imposition of green policies. In India, farmers are preparing for another showdown. What’s going on? Is there a common thread ? Mint explains
#MintPrimer | Beginning January, farmers from several member-nations of EU invaded cities with their tractors, burning tyres, dumping manure, raiding supermarkets, blocking access to ports and highways and choking city centres.
#MintPrimer | Back in 2019, Dutch farmers took to the streets after the government disclosed plans to cut nitrogen emissions by slashing livestock population.
#MintPrimer | On 1 May, treasury secretary Janet Yellen sent a letter to the US Congress saying that on 1 June the government is likely to run out of money.
With the government currently breaching its debt ceiling, the situation has become parlous.
#MintPrimer | There is a limit set to how much the US government can borrow to meet its legal obligations, which include paying interest on its debt and paying military salaries, tax refunds, and social security, etc.
#MintPrimer | Around the world, almost all governments spend more than they earn. This difference is known as the fiscal deficit and is financed through taking on debt.
#MintLongStory | Produced by over 80 million rural families, milk is the largest farm product valued at close to ₹10 trillion annually, as per official estimates.
#MintLongStory | It seems practically impossible to merge strong local brands into a national one as states would object vigorously, said Ajay Vir Jakhar, former head of the Punjab Farmers Commission.
#MintPlainFacts | With the loss of #Karnataka, the #BJP now has chief ministers in nine states, compared with 11 back then. The party’s count of Assembly seats has dropped from 1,364 in May 2019 to 1,304 now.