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Posts published by “Anand Singha”

US Fed slashes rates by 50 bps — Jerome Powell’s top quotes on economic outlook

The US Federal Reserve implemented a notable half-point reduction in its benchmark interest rate, marking a significant change after over two years of elevated rates designed to control inflation. While these high rates were effective in curbing inflation, they also made borrowing considerably costly for American consumers...

India’s gross direct tax collections surge by 21% annually through mid-September

Key contributors include a significant rise in Securities Transaction Tax (STT), which nearly doubled to ₹26,154 crore from ₹13,352 crore in 2023, reflecting increased investor exposure in equity markets. This rise in STT shows how people are making money, as income has doubled, leading to a corresponding increase in tax collections...