We are looking at earnings revival going forward. We think that a steady state growth is not more than 10 percent and that is what quite lower than what consensus estimates are or have been.
This weekend, WeWork BKC will host one of the largest ever hackathons held in India.
However, for the Budget month of ever year in the past ten years, the market has largely been giving negative returns, hinting at the innate negativity that is likely ahead as well.
Here are 10 key terms related to Union Budget that everyone has to know.
This cover is likely to have basic and premium coverage with a subsidy for those below poverty line
Government sources, who did not wish to be identified, told Moneycontrol that finance minister Arun Jaitley may announce a new corpus purely to push digital payment infrastructure.
Under the scheme, Muthoot Finance will disburse gold loans above Rs 10 lakh at an interest rate of 12 per cent per annum, said Babu John Malayil, Deputy General Manager, Muthoot Finance.
“In terms of the taxation requirement, if we see corporate taxes across the world, the trend is that people are reducing corporate taxes. India is among the highest.,” Confederation of Indian Industries (CII) President Shobhna Kamineni said after the pre-budget meeting with the Finance Minister and top ministry officials.
Exporters, who are grappling with blockage of working capital, sought exemption from tax on export income, lower rates on forex earnings and faster clearance of GST refunds.
Agriculture provides employment to 48.9 per cent of the total work force in India although their contribution to the GDP is less than 20 per cent.
We expect some volatility around the budget as elections are a year away and major announcements will have some impact.
Having carried out major reforms in the last three years, the Centre is looking for a pause, finance ministry officials have said.
The SWP enables investors to withdraw a specified amount regularly, thus addressing two shortcomings of the dividend option viz., quantum and timing.
All mutual fund schemes within a fund house will need to be appropriately distinct from each other in terms of strategy, asset allocation, etc.
Jaitley's fifth and the NDA government’s last full budget before 2019 Lok Sabha polls will sport a different look with a lighter `Part B’—the section of the speech that contains tax proposals—with fewer indirect tax changes because of the Goods and Services Tax (GST)
To make the process simpler, small firms may be allowed to file of only one summary return form GSTR3B, doing away with filing of GSTR1, GSTR2 and GSTR3
A mutual fund can offer a simple and efficient way to invest for your life goals
The returns you actually earn from the debt scheme may or may not be similar to the Portfolio YTM
For regular returns, investors opt for fixed deposit, company deposit or small saving schemes. These suffer from disadvantages when it comes to taxation, falling interest rates & liquidity in case of some emergency.
Council to take up matter in its next meeting in Guwahati on November 10 to ease procedural irritants for small firms
The GST Council on Friday hiked the threshold turnover for the composition scheme that allows SMEs to pay 1-5 per cent tax without going through tedious formalities.
Prime Minister Narendra Modi brainstormed for over three hours with Arun Jaitley and BJP president Amit Shah on Thursday.
This is a marked departure from the past, when the central finance minister announced most indirect tax rate changes in the annual union budget
Each ministry will reply to the circular with estimates of funds required for 2018-19 along with other inputs for the annual central budget
Finance Minister Arun Jaitley's fifth Union Budget will sport a different look, starting with a lighter `Part B’ with fewer indirect tax changes because of GST