The income tax benefits for an individual to save have been largely fixed in nominal terms till the recent budget, which means the real value of the benefits have eroded. Some budgetary incentives for household savings could help ensure that the country’s investment is largely financed from domestic savings.
The first topic of the Webinar Series, Combating Money Laundering During Pandemic, highlights the serious challenges that money laundering is creating among financial institutions and economies of the world during this difficult period. The discussion is timely as we often witness that money launderers and fraudsters thrive during crisis periods as they take advantage of the vulnerability of the world economy.