Explained Economics

Despite the easing of inflation in India and the July softening in the US, both RBI and Fed officials have maintained that price pressures continue, and that there could be more rate hikes in line with inflation levels. (Reuters/File)

Explained: Inflation softening, what now?Subscriber Only

August 14, 2022 11:53 IST

US inflation cooled unexpectedly in July, boosting markets around the world. The worst may be over, but the RBI and Fed remain cautious. Investors can look at equities, but a staggered approach is advisable

A branch of Rupee Cooperative Bank in Pune's Shivajinagar. (Express Photo: Oshwin Kadhao)

Explained: RBI has ordered Pune’s Rupee Cooperative Bank to shut down; what happens to depositors now?Subscriber Only

August 12, 2022 03:42 IST

The Reserve Bank of India has cancelled the banking licence of Pune-based Rupee Cooperative Bank, and directed the Registrar of Cooperative Societies to liquidate it. What does it mean for its 5 lakh depositors?

US consumer prices did not rise in July from the month before due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans. (AP, file)

Explained: Is global inflation nearing a peak?

August 14, 2022 11:53 IST

China, US inflation data bring relief; commodities are less expensive but not for all; core inflation seems to have peaked but wages rise.

With this, India joins a list of over 60 countries that have regulations on sharing of advanced passenger information with Customs and border control authorities. (Express Photo: Pradip Das, File)

Explained: Flying abroad, why Customs wants your PNR dataSubscriber Only

August 11, 2022 12:11 IST

Airlines have been asked to share 19 passenger data points with authorities such as date of travel, contact details, and payment and billing information. What is the objective of collecting such details? Are there norms when it comes to sharing passenger info?

The spike in the trade deficit has been one of the key reasons why the rupee has lost value against the US dollar. In pic, ships unload containers at the Jawaharlal Nehru port. (Express File Photo by Prashant Nadkar)

ExplainSpeaking: What RBI’s surveys tell about India’s economySubscriber Only

August 10, 2022 09:45 IST

We take a look at the seven surveys conducted by the RBI, ranging from consumer confidence to GDP growth expectations, and what they tell us about the state of the Indian economy.

Vadodara Congress workers protest in front of collector’s office against the imposition of GST on garba events. (Express Photo)

Explained: The row over 18% GST on Navratri garba events in GujaratSubscriber Only

August 6, 2022 14:43 IST

A controversy has broke out over the imposition of 18 per cent Goods and Services Tax (GST) on garba passes this year. Why has GST not been levied so far? What are the GST rules for entertainment/commercial events, which garba has now been counted under?

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Explained: How will IndiGo’s three-door disembarkation process work; how will it help the airline and its passengers?

August 6, 2022 08:02 IST

Passengers on certain IndiGo flights will be able to leave the aircraft through three — instead of the usual two — doors. IndiGo says this will make the process faster.

Explained: The RBI’s latest round of rate hike, and how it will impact your loan EMIsSubscriber Only

August 6, 2022 09:24 IST

RBI Repo Rate Hiked: Inflation has peaked and is expected to soften — but there are a range of global challenges to negotiate. Monetary policy has to, therefore, act, Governor Shaktikanta Das said

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Explained: What Axis Bank’s acquisition of Citi consumer businesses will mean for customers, investorsSubscriber Only

August 6, 2022 08:29 IST

Axis Bank-Citibank deal explained: Axis Bank is acquiring Citibank’s consumer businesses for Rs 12,325 crore. How will it impact the customer? And how will it benefit investors in Axis Bank?

Union Finance Minister Nirmala Sitharaman speaking to media after 47th GST Council Meeting in Chandigarh on Wednesday, June 29, 2022. (Express photo Jasbir Malhi)

Explained: What lowering of e-invoicing turnover threshold under GST to 10 crore from Oct 1 seeks to achieveSubscriber Only

August 4, 2022 12:12 IST

The turnover threshold for e-invoicing has been halved to Rs 10 crore effective October 1 this year under the Goods and Services Tax (GST) regime. What does this signify?

Sajjid Chinoy at an Explained event in New Delhi. (Express Photo: Praveen Khanna, File)

Sajjid Chinoy: No free lunch when hit by global shock; defending Rupee has its tradeoffsSubscriber Only

August 3, 2022 08:36 IST

Sajjid Chinoy said with every one rupee depreciation of the dollar-rupee rate, inflation picks up by 8-10 basis points and even though the pass through effect of the exchange rate movement on inflation is higher than expected, it is not completely driving the inflation rate.

A total of 51.2 GHz of spectrum was sold of the total 72 GHz that was up for grabs – close to 71%.

Explained: As the 5G spectrum auction concludes, who bought what bands and why?Subscriber Only

August 2, 2022 18:14 IST

5G auction: How much spectrum was bought by the applicants? How did Jio, Airtel, Vodafone Idea and the Adani Group bid? How competitive was the bidding? What next?

The gross GST collections have risen 28 per cent (File photo/Representational)

Explained: 3 reasons why GST collections continue to surgeSubscriber Only

August 2, 2022 04:59 IST

Experts say that action against tax evaders, including steps being taken by state authorities, have resulted in better compliance and helped push the growth in GST collections along with economic recovery and higher inflation rate.

Every percentage point of GDP growth that happens in the coming years is likely to create even fewer jobs, thanks to technological advancements. (Express Archive)

ExplainSpeaking | Global bright spot or the one-eyed king: Making sense of India’s GDP growth projectionsSubscriber Only

August 2, 2022 18:53 IST

Employment data both from MGNREGA and the annual report of companies shows that even an 8.7% GDP growth rate in FY22 was not adequate to create enough jobs. Here’s why India’s K-shaped economic recovery has several ‘K’s within it.

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Explained: ITR filing deadline is over, this is what you need to know if you did not file your return by July 31

August 1, 2022 19:02 IST

You still have until December 31, 2022 to file ‘belated’ ITRs for FY 2021-22, along with a penalty of Rs 5,000 if your total annual income is more than Rs 5 lakh. If it is less than 5 lakh, the penalty will be Rs 1,000.

The Bombay Stock Exchange in Mumbai. (Express Photo: Ganesh Shirsekar)

Explained: Markets rising, should you invest for short-term gains?Subscriber Only

July 29, 2022 17:04 IST

Over the last six weeks, the Sensex with a return of 10.5% has been one of the best performers among key indices across the world. Why has it risen, and what can be expected?

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Explained: Why the govt plans to scrap the decades-old Coffee ActSubscriber Only