The former Finance Minister also asked whether the government will suggest the ILO to include those selling pakodas in its definition for employment.
These three insurers that will be merged have an average of 14,000-16,000 employees and a few thousand will be let go
The LTCG tax burden that is applicable to equity mutual funds does not extend to unit-linked insurance plans.
The central bank has cut GVA guidance for FY18 to 6.6 percent from 6.7 percent earlier and for FY19 the guidance has been cut to 7.2 percent from 7.4 percent
Sinha said the budget had announced a number of schemes, particularly in the health sector, which were not properly thought out.
Almost 500% increase in allocation for PMAY (Urban) in Budget 2018.
Sources said that there is a possibility of indexation benefits as there are no proposals as such and even the amendments under this aspect will be out later next month.
There is no real gain from the grandfathering clause if stock itself crashes by a huge margin even if there are gains, which will be taxed at a later date and hence leaving investors with lower gains in hand
In Budget 2018, Arun Jaitley said he is fulfilling a promise made by his party in the election manifesto for the 2014 Lok Sabha elections – the promise of a minimum support price that is 50% higher than farmers’ cost of production
The Nifty50 slipped below its 100-days exponential moving average (DEMA) placed at 10,400. A fall below 10,200 could stretch the decline towards 10,000 levels which is closer to its 200-DEMA.
In the Union Budget 2018-19, Jaitley provided a lower tax rate for corporates with turnover of up to Rs 250 crore.
Finance Minister Arun Jaitley, in conversation with Network 18's Rahul Joshi, spoke about various schemes announced in the Budget 2018 including tax on long-term capital gains (LTCG).
However, restaurant startups remain disappointed as their demands for a single window clearance and easier compliance has not been met.
The report said that the merger of three non-life insurers will aid capital adequacy.
The government had to introduce anti-abuse laws in a bid to stop industries from misusing direct tax provisions, Sushil Chandra, Chairman of Central Board of Direct Taxes said today.
Apart from the local reasons like disappointment over Budget announcements in India, the rising yield in bond markets and inflation were other key factors affecting the global markets
Under the existing regime, long-term capital gains (LTCG) arising from the transfer of long-term capital assets, such as equity shares or unit of equity oriented fund or a unit of business trust, is exempt from Income-Tax.
Adhia attributed the fall to decline in global equity markets, which had a ripple effect in India
The Budget announced a 10 percent LTCG on stocks and equity-oriented mutual funds if the amount of gains exceeded Rs 1 lakh
Watch the interview of Siraj Chaudhry, Chairman, Cargill India with Manisha Gupta of CNBC-TV18, where he spoke about the announcements made by the Finance Minister in the Budget for the agri sector.
It is unlikely that the government may slip on the fiscal deficit target for one more year because it may impact their credibility, says Samiran Chakraborty, Chief Economist and Surendra Goyal, Head of Research, Citi India.
Equities will remain attractive as it is will help in beating inflation consistently and by a wide margin.
With the cost of medical treatments going up more than the general inflation levels and senior citizen having to spend relatively more money on their health.
Amidst heavy D-street speculations, the FM in a subtle manner unfolded the long term capital gains tax story.
This comes a day after the TDP decided to remain in the BJP-led National Democratic Alliance (NDA) and said it will continue to demand a special package for Andhra Pradesh.