Former Chief Economic Adviser Krishnamurthy V Subramanian has hailed the personal income tax (PIT) cuts announced in Budget 2025-26, calling their impact on the economy "huge." Reacting to Finance ...

The total amount of new deposits or new money that is created can be captured using the money multiplier formula. The money multiplier is important in macroeconomics because it determines the ...

GM told the white-collar workforce Tuesday in an email that the company outperformed its earnings targets in 2024 and therefore it will base the bonus pay using a multiplier of 144%, up from 130% ...

Foreign banks and wealth managers are split on whether the Reserve Bank of India (RBI) will begin its easing cycle during the February Monetary Policy Committee (MPC) meeting. Some have pushed ...

In other words, two major anti-inflation voices within the MPC have exited the scene. The stance of new members will be clear in the February review. Post Patra’s exit, the crucial monetary ...

Elon Musk-owned social network X announced a partnership with Visa to handle person-to-person payments for its upcoming X Money product. The company will use Visa Direct, which is Visa’s ...

"It is not a very healthy trend, and should be curbed, because people should be aware of where the money will come from," he said. Emphasising that there is a need to make voters aware that ...

She'd spent seven years sailing the world and had no money for a house deposit, instead using her overdraft to buy a shell of a boat for £3,800. It was tough going at first but she was willing to ...

New US President Donald Trump made all sorts of headlines this week, but for us here in the money sphere, it was his threat of tariffs on the EU - as well as him and his wife launching ...