BUSINESS
The Reading List: July 26, 2024
Here's a list of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams for you catch up on the weekend
BUSINESS
Financial services perspective of India’s Budget and the path to Viksit Bharat
The Budget for FY24-25 is a forward looking one and it lays down a comprehensive framework for fostering economic growth, with a clear focus on inclusivity and sustainability. Its effective implementation would significantly contribute to the realization of the Viksit Bharat agenda
BUSINESS
Cutting through tax complexity in Budget 2024
The budget announcements should give a positive signal to foreign investors about India’s intent to provide a benign tax regime
BUSINESS
How the budget has made gold investment attractive
Lowering duties ahead of the festival season will help improve demand, benefiting all stakeholders. For digital gold, lowering LTCG on gold funds or gold exchange-traded funds (ETFs) aims to realign the tax structure of various asset classes
BUSINESS
Judgement that will alter both federal and mineral tax landscape
The 8:1 judgement not just delivers closure to a long festering conflict, it can ease the fiscal landscape of most mineral-rich states that are among India’s poorer ones. But fragmentation in mineral taxation is the risk Gopal Mundhra
BUSINESS
Chart of the Day: Credit guarantees, forbearance have fuelled MSME credit
Special schemes have beefed up bank credit to MSMEs in the past
BUSINESS
Capital gains rationalisation is fine but there’s a reason for the backlash
Regulatory data on proliferation of financial instruments to different income segments counters the claim that capital gains affects only the wealthy. Indexation benefits are determined by geography which makes a cookie cutter approach irrelevant. Tax payers need to be given a choice of method
BUSINESS
India Inc’s effective tax rate rises on the back of large companies, services sector
After two successive years of reduction in the effective tax rate, Indian companies faced an increase in FY22 with the ETR rising to 23.3 percent from 22.2 percent a year ago
BUSINESS
Chart of the Day: FDI equity inflows to infrastructure step up
About two-thirds of the FDI flows have come into infrastructure construction and the next largest share has been taken by renewables
BUSINESS
India budget extends economic momentum to social equity
The budget carries a futuristic tone, as it sets up the roadmap for long-term vision of developed economy. It has also laid the foundation to bring inclusive and sustainable growth trajectory
BUSINESS
DPI Dominates, AI Awaits: India's 2024 Budget charts digital course
Budget 2024 demonstrates India's commitment to leveraging its digital advantages. The focus on DPI and support for startups are commendable steps but a more comprehensive strategy for AI will be crucial to realise India's potential
BUSINESS
Union Budget 2024 charting course for 'Viksit Bharat'
The budget's theme resonates with the aspirations of a young nation and is also a strong start towards the goal to achieve fiscal deficit target of 4.9% of GDP for FY 24-25.
BUSINESS
Budget 2024 outlines roadmap for 'Viksit Bharat', focus on poor, women, youth and farmers
The Budget unveils government’s plan for 'Viksit Bharat' placing significant emphasis on job creation and skill enhancement as its focal points, structured around four key pillars
BUSINESS
Digital initiative, financial inclusion and MSME troika takes centre stage for Budget 2024
The Budget announcements on DFM will bolster the efforts of the financial sector to support India's economic growth. This budget is expected to set the agenda for the next five years and provide a framework for regulators, financial institutions and market participants
BUSINESS
Chart of the Day: A snapshot of budgetary trends in the last 10 years
Both central government expenditure and fiscal deficit are still considerably above pre-pandemic levels
BUSINESS
A push towards ‘Atmanirbhar Bharat’ in Budget 2024
Lowering customs duty for specific products in the budget is carefully designed approach to promote domestic manufacturing
BUSINESS
Budget 2024 changes will boost GIFT City IFSC’s growth trajectory
This year's budget has put retail Schemes and ETFs in IFSC under the same tax regime as Category IIII IFSC AIFs which spells good news for the fund management ecosystem as it will attract more global fund managers
TRENDS
Lymphatic Filariasis: Budget boost essential to combat disease escalation in India
Lymphatic filariasis exacts a staggering annual economic toll of $1 billion, a focused approach to the disease is imperative. India and its endemic states are tackling economic challenges with targeted efforts to eliminate the disease by 2027. But, will lymphatic filariasis receive enough attention in the upcoming Budget?
BUSINESS
Prioritising a stable and simple tax regime in Budget 2024 to enhance ease of doing business
According to a Deloitte Survey, many industry leaders anticipate a stable and simplified tax law to enhance the ease of doing business and support India’s growth trajectory. A stable tax policy is crucial for sustainable business expansion and increased foreign investments
BUSINESS
Budget Snapshot: India’s effective corporate tax rate is now closer to global peers
While the 2019 corporate tax cuts did make India’s effective tax rate more competitive, there are still countries with much lower tax rates
BUSINESS
The Reading List: July 19, 2024
A list of articles and social media gems from the world of economy, business and finance curated by our research and opinion teams for you to catch up on the weekend
BUSINESS
India's ER&D Sector: A hotbed of opportunity in a disruptive world
To fully realize India's potential in the ER&D sector, we need a supportive policy environment. Continued government support for job creation in technology and manufacturing will further strengthen India's position as a global ER&D hub
BUSINESS
India Budget 2024: Capital gain tax regime is too cluttered. It needs an overhaul
As the Indian economy grows globally, it has added to the complexity of computing capital gains. It has in turn led to disparity on account of rate of tax, benefits of indexation or foreign currency fluctuation among other issues. Hoping Budget 2024 provides solutions to this
BUSINESS
Union Budget 2024-25 to balance investment and consumption
Budget 2024-25 could focus on measures that boost demand to help support the capex cycle. A relief on personal income taxes would boost consumption, especially for the low- and middle-income households who have been hit with high food inflation
