Murthy Nagarajan dissects the RBI's confusing pivot towards core inflation, signaling potential market volatility. (Reference: image_07eb15.jpg) Deciphering the RBI's Stance: Why Core Inflation is Causing Market Jitters in 2026 Are Indian markets fundamentally misreading the Reserve Bank of India (RBI) , or is the central bank deliberately keeping its cards hidden? In a recent eye-opening interview, Tata Asset Management's Head of Fixed Income, Murthy Nagarajan, shed light on a paradox that has left investors absolutely baffled . While the RBI claims to monitor headline inflation , its underlying language heavily hints at a shifting focus toward core inflation (excluding food, fuel, and precious metals). In an economy wrestling with volatile oil prices, shifting rainfall deficits, and complex global geopolitics, this stealthy pivot changes everything for your investments...
You cracked the competitive selection process, survived multiple rounds of technical interviews, and finally secured your position. Then your first stipend arrives—and it's much lower than expected. A solid chunk of your promised pay is missing, held back under the broad umbrella of TDS (Tax Deducted at Source) . For many students experiencing internship taxation for the first time, seeing a 10% deduction creates immediate friction. The confusion deepens when peers at different firms experience entirely different tax deductions for similar roles. This isn't a random corporate decision. It stems from how companies interpret your contract under the Income Tax Act, 1961 . To maximize your refund potential and protect your internship income , you must understand the interplay between Section 192, Section 194J, and Section 194C . ⚡ Quick Answer: Which TDS Section Applies to an Internship Stipend? Section 192 (Salary): Generally applies if ...