In all-party meet, Cong seeks LS Dy Speaker's post, JD(U) demands special status for Bihar; YSRCP for Andhra

The Congress on Sunday sought the Lok Sabha Deputy Speaker’s position for the opposition in an all-party meet convened by the government ahead of the Parliament session, and raised the issue of paper leaks, including of the prestigious NEET. The YSR Congress spoke about the TDP government’s alleged targeting of its leaders in Andhra Pradesh and sought the Centre’s intervention. A united Opposition is set to corner the NDA government on issues ranging from the NEET paper leak case and railway safety in the upcoming Budget session beginning Monday. Read more here

Take a look at these key events

Today
Q1 Earnings: IDBI, IOB, Suzlon, UCO Bank, Coforge, Jana Small Finance Bank
Nirmala Sitharaman to table Economic Survey 2024-25
RNFI Services IPO to open for subscription
Prizor Viztech and Sati Poly Plast to debut on NSE Emerge
Hearing by SC on NEET UG result
Excise scam: Delhi court hearing on Sisodia's custody
Valmiki corporation scam: K'taka ex-minister B Nagendra’s ED custody hearing
SC to hear petitions seeking SIT probe in electoral bonds scheme
Andhra Pradesh Assembly session to commence
Indian cricket team to leave for SL for T20I seriesTomorrow
Union Budget to be presented by FM
Q1 Earnings: Bajaj Finance, DCM Shriram, Hindustan Unilever, Heritage Foods, ICICI Prudential Life Insurance
VL Infraprojects, VVIP Infratech IPO to open for subscription
Tunwal E-Motors to list on NSE Emerge
Sanstar IPO to close for subscription
SpiceJet board to consider fund raise via QIP
AIADMK to stage protest against hike in power tariff
International meet on mental health to begin in Chennai
Nissan XTrail launch bookings to open

Union Budget, Q1 Earnings, US GDP among 10 key factors to watch

Market participants remain cautious ahead of the Union Budget 2024. Benchmark indices lost about a percent due to Friday's sell-off, ending the week flat with a positive bias. The indices had been positive since the beginning of the week, buoyed by IT companies' earnings and buying in FMCG counters amid good monsoon progress. However, caution ahead of the Budget and disruptions led by Microsoft activated the bears on Friday. Next week, the indices will react to earnings of Reliance Industries, Wipro, HDFC Bank, Kotak Mahindra Bank, and JSW Steel, announced after market hours on Friday and Saturday. The market is expected to be range-bound, likely with a positive bias due to renewed interest from Foreign Institutional Investors (FIIs). Investors will look for cues from the Union Budget, corporate earnings, and US GDP numbers. Volatility is anticipated due to the monthly expiry of July Futures & Options contracts. Read more here

Watch for GDP growth forecast, comments on food inflation, climate strategies

The Economic Survey will be presented on July 22, a day ahead of the full Budget for 2024-25. The survey will outline the key economic metrics of the country, most notably the forecast for real GDP growth for the ongoing financial year. Moneycontrol lists key things to watch out for in the series of documents that are prepared under the supervision of India's chief economic advisor V Anantha Nageswaran. Read more here

Middle-class taxpayers’ wishlist: Hike basic income exemption limit to Rs 5 lakh, standard deduction to Rs 1 lakh

After being denied tax relief in the interim Budget 2024, middle-class taxpayers hope for lower rates, a higher basic exemption limit, and a standard deduction in the full-year Budget on July 23. However, financial experts predict only minor tax tweaks, with benefits likely limited to the new minimal exemptions tax regime. Read more here

Six crypto tax mistakes to avoid when filing income tax

It's that time of year again. Regardless of your crypto portfolio's performance, you must adhere to the associated tax provisions. Navigating crypto taxes can be overwhelming, but understanding your obligations can prevent mistakes. Here are six mistakes to avoid when filing your Income Tax Returns (ITR) with crypto income for the financial year 2023-24.

Just Rs 250 a month: SEBI chief bats for small-sized SIPs

Over the next three years, increasingly more number of investors would be able to invest in mutual funds (MF) through systematic investment plans (SIP) with as little as Rs 250 a month, said Madhabi Puri Buch, chairperson, Securities and Exchange Board of India (SEBI), India’s capital market regulator). SEBI says work is in progress to make these SIPs viable. Read more here