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
BUSINESS
Union Budget 2024 expected to focus on India’s manufacturing boom through tax incentives
India needs to present itself as the next big manufacturing hub and to that effect its essential that the tax structure should be stable and simpler
BUSINESS
Boosting Agricultural Exports: Budgeting for infrastructure, high-value crops, and ag-tech
India has to address its domestic needs and also intensify its efforts on boosting agricultural exports. As India prepares for its upcoming budget, a prime opportunity emerges to elevate its agricultural exports to new heights
BUSINESS
Chart of the Day: India’s growing LAP market underscores need for easy capital to small businesses
Loan against property is a popular source of funding for small businesses.
BUSINESS
Union Budget 2024: Needed, measures to reform indirect tax framework
A mix of compliance reforms, expansion of existing schemes, imparting clarity to old announcements and digitalisation of administration will be transformative
INDIA
Youth workforce needs enhanced skills to sustain job market chaos
Several reports have highlighted the growing ‘employability gap’ among Indian youth. The age of business transformation demands that early-stage employees are equipped for a disruptive future at work. A good grasp of technical knowledge of artificial intelligence and cybersecurity as well as interpersonal skills can add to the job readiness of recent and aspirational graduates
BUSINESS
Budget Snapshot | FMCG stocks are waiting for a consumption boost
The Union Budget 2024 is widely expected to have some pro-consumption measures to support low-income households and benefit FMCG companies. But the markets are not pinning hopes on it
BUSINESS
Why RBI should resist the pressures to cut the repo rate
Retail inflation in June was 5.08 percent, the first time it has crossed the 5 percent mark since February. A real repo rate of below 2% when potential GDP growth is well above 5% runs the risk of being too stimulative
BUSINESS
The Reading List: July 12, 2024
Our research and opinion teams have curated articles and social media gems from the world of economy, business and finance for you catch up on the weekend
BUSINESS
GenAI calls for a relook at what constitutes anti-competitive practice
CCI has commissioned a study to understand its impact, which must focus on the competition issues arising out of the proliferation of AI foundation models and leave the ethical and data dimensions to other regulators
BUSINESS
Budget Snapshot: Centre can afford to not cut its FY25 borrowing target
Budget 2024-25: The bond market has enough investor appetite to absorb the borrowing target stated in the interim budget
BUSINESS
India Budget 2024: Time to introduce technology to reduce tax litigation disputes
Union Budget 2024-25: The number of litigation disputes continue to rise, adding to the growing backlog of cases. There is a need to ease the process of tax litigation and technology can be used to solve several issues
BUSINESS
Budget Snapshot: Sustained government expenditure could aid cement sales growth
Budget 2024-25: Amid rising capacity, a boost to infrastructure, housing and manufacturing could support cement sales and prices in the long run
BUSINESS
Budget Snapshot: Will the market boom push the government to raise its disinvestment target?
Many PSU stocks are trading at record high valuations, making them ripe for disinvestment. The market capitalization of PSUs has doubled over the past year, and now exceed $800 billion
