Explained: What is a recession and should India be concerned?

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UK and Japan slipped into recession at the end of 2023. But what exactly is a recession and is it any different from what it is commonly thought to be?

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Income Tax Rules: 10 common mistakes you must avoid while filing ITR in 2025
You need to mandatorily file your ITR if your total income is over ₹2.5 lakh under the old tax regime. For the new tax regime, the requirement is an income of ₹3 lakh and above.
PF rules: How does employer contribution in EPFO work? Explained in five points
As per PF rules, both employees and employers are mandated to contribute a certain amount of the basic salary towards EPFO to boost retirement savings. However, the components of employer contribution is not the same as those of the employees.
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The financial advice industry will look different in 2030 and beyond. Understanding how it is changing is crucial for younger financial services professionals.
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The IDBI Bank sale is being jointly executed by the central government and LIC, which together own more than 94% of the bank. The proposed transaction involves offloading a 60.72% stake in total. The IDBI Bank stake sale is expected to fetch about  ₹50,000 crore for the government and LIC.
3 easy ways to improve your credit score before applying for a personal loan
Credit score: If you are planning to apply for a personal loan online soon, these are the three straightforward actions which you can take to improve your credit profile.
Income Tax: Avoid these 4 common mistakes that taxpayers make while filing ITR
ITR Filing: Taxpayers should avoid making these mistakes while filing their income tax return.
Son of Sardaar 2: Surprising money lessons on dealing with tariffs
Ajay Devgn plays a simple Sardaar whose wife, living in Scotland, wants a divorce just as he arrives with a visa. Heartbroken, he stumbles into a chaotic and humorous journey involving patriotic gangsters and wedding dancers, blending comedy with unexpected twists.
5 key benefits of credit cards you should know before applying
Credit cards offer numerous benefits including building credit scores, earning rewards, providing financial flexibility, enhancing security, and granting emergency credit across the nation’s financial landscape.
Mutual Funds: 10 new fund offers (NFOs) open for subscription in August—should you invest?
New Fund Offers: The new schemes range from a multi-asset allocation fund to an equity savings fund, a momentum fund, and a special opportunities fund.
ICICI Bank to charge Google Pay, Phone Pe & other payment aggregators for UPI transactions: What it means for users
The private lender has sent letters to payment aggregators such as Google Pay, Phone Pe, Mobikwik and RazorPay, informing them of its decision to levy a fee for UPI services, say media reports.

Explained: What is a recession and should India be concerned?

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