In her maiden Budget speech, finance minister Nirmala Sitharaman announced the proposal to issue offshore sovereign bonds, starting from the current fiscal year. “India’s sovereign external debt to GDP is among the lowest globally at less than 5 percent.
The move comes on the heels of a 20 percent tax on share buybacks imposed by the Finance Ministry in Budget 2019 and is apparently aimed at providing a correct picture of companies’ leverage status.
Market is eagerly looking forward to some sort of stimulus by the government to kick-start growth, without which it would be difficult for corporates to report sustainable growth.
Finance Minister Nirmala Sitharaman in her maiden Budget 2019-20 speech in early July had announced that the National Housing Bank (NHB) will not remain as the regulator for the HFCs.
In a scenario of depreciating currency, interest and debt obligations of foreign currency-denominated debts balloon and quite often make it unsustainable.
This year was unique, since a number of provisions in both the Budgets (in February and in July) have significantly impacted taxpayers
The government is looking for ways to ease concerns of foreign portfolio investors that have pulled out of Indian equity markets after a budget announcement of higher taxes for individuals and trusts earning more than 20 million rupees a year
The rate of TDS shall be 5 per cent and it shall be deducted on the ‘income’ portion and not on the entire amount.
Tax arbitrage siphons away 1.6-2.4 per cent of the returns in debt AIF compared to mutual funds
The FAME scheme has proposed the establishment of about 2,700 charging stations in metros, other million-plus cities and, smart cities and cities of hilly states across the country
LIC, which is the largest financial institution in India could easily become country’s top listed company if its shares get listed.
Many FPIs exited the market after Finance Minister Nirmala Sitharaman announced surcharges for foreign investors in Budget 2019
Finance Minister Nirmala Sitharaman in Budget 2019-20 announced that the government would start raising a part of its gross borrowing programme from external markets in foreign currencies.
Chakraborty takes over at a time when the government finds itself in a logjam with over transfer of RBI’s surplus reserves; announcements about an overseas borrowing plan has also generated a lot of heat
The benchmark 10-year bond yield rose as much as 11 basis points to 6.55 percent after the news of a rethink of the proposal, as market participants fear this may boost government borrowing in the domestic market.
The sale, being considered for October, would be in either the yen, euro or the dollar
The revenue deficit for FY18 stands at 3.48 percent of GDP and not 2.59 percent as stated officially, the CAG report stated
The Appropriation (No 2) Bill, 2019 and the Finance (No 2) Bill, 2019 -- cleared by Lok Sabha last week -- were returned by the Rajya Sabha on July 23 after voice vote.
Sitharaman's response to queries of reporters here came in the backdrop of state political parties protesting the conduct of recent Postal department exams in English and Hindi only.
The government has asked states and UTs to induct more EVs into public transport and communicate by August 31 the steps being planned to promote faster adoption of EVs
The amendment, along with 28 others, were approved by a voice vote by the Lok Sabha, which passed the Finance Bill 2019.
Though the maiden budget of Modi 2.0 laid out a long-term vision that the government aims to achieve, some provisions in it has been disappointing from a near term stock market perspective
During her Budget speech, the FM had proposed levy of an additional surcharge on 'individuals' earning more than Rs 2 crore and Rs 5 crore, respectively.
Budget 2019 had proposed levy of an additional surcharge on individuals and trusts earning more than Rs 2 crore and Rs 5 crore, respectively.