BUSINESS
Direct tax relief for middle class in Budget 2024 is ‘sufficient’: Revenue Secy
Budget 2024 has given relief of Rs 17,500 this year in direct tax. In last year's Union Budget, the government had reduced the number of tax slabs, and adjusted the rebate limit in the new tax regime to Rs 7 lakh.
BUSINESS
12.5% LTCG is low compared to global standards, says Finance Secretary Somanathan
The long-term capital gains tax is now a uniform rate of 12.5 percent without indexation for all asset classes. The holding period for eligibility has been standardized to one year for all listed assets and two years for non-listed assets, the finance secretary said.
BUSINESS
A tale of two numbers, fiscal target buoys markets, tax on capital gains a dampener
While the equity market may be digesting the impact of higher capital gains tax, the bond markets unequivocally welcomed the fiscal deficit being pegged at 4.9 percent of GDP as against the interim budget's 5.1 percent.
BUSINESS
No need to raise capital gains tax for now
It could hit emerging equity culture, hurt foreign inflows. The government should hold its hand at this stage of the development of Indian stock markets and economy
BUSINESS
Raymond committed to creating sustained shareholder value across businesses: Gautam Singhania
There is already a succession plan in place for the Raymond group which is yet to be disclosed publicly. While specifics are confidential, rest assured, a well-considered and robust process is in place, maintains Raymond Chairman and MD.
BUSINESS
Economic reforms to remain on track: Brokerages
Analysts expect the NDA coalition to hold firm as it was formed before the elections, with consensus on policies and no contentious issues to cause a rift among partners.
BUSINESS
Raising capital gains tax is detrimental to investor confidence and market stability
Raising the tax at this juncture will dampen the emerging equity culture and hurt foreign investment inflows
LOK-SABHA-ELECTION
PM Modi says growth trumps handouts, criticises ‘urban naxal’ mindset
The Prime Minister pledges to make the Indian economy the world’s third largest.
LOK-SABHA-ELECTION
MC Opinion: How PM Surya Ghar Yojana can become flagship for Modi 3.0
Inheritance taxes can significantly hinder capital formation by entrepreneurs and wealth creators, a scenario India cannot afford at this stage of its development.
BUSINESS
‘We are still in the early stages, hope to expand into infrastructure, growth equity, private credit,’ says Blackstone’s Gray
The government should make it easier to delist companies, execute M&A transactions
BUSINESS
Exclusive Interview: “Next 3-6 months will tell us how the entire business with Paytm pans out,” says Amitabh Chaudhry
Chaudhry said the RBI’s unhappiness with the rising exposure of banks to NBFCs arises from the fact that, in some cases, lending through fintechs or NBFCs happens without banks taking ownership
