Feb 03, 2018 12:52 PM IST
This move may prompt mutual fund houses to promote growth option of equity mutual funds over dividend option offered by equity schemes.
- Feb 02, 2018 04:44 PM IST
The reduced corporate tax rate of 25% for companies has now been extended for turnover upto Rs. 250 crore.
- Feb 02, 2018 03:28 PM IST
For stock market followers, most people have focused on the impact of the re-introduction of long term capital gains (LTCG) tax.
- Feb 02, 2018 02:09 PM IST
"Budget 2018 has widened the scope of the taxable presence of non-residents by moving from a ‘physical presence’ dominated nexus approach to a ‘significant economic presence’ nexus approach."
- Feb 02, 2018 01:39 PM IST
"This was an election year and a populist Budget was definitely on the anvil, especially after the recent fiasco in the Gujarat elections. The markets seem to be artificially held up, for now, wait and watch might be the best approach to adopt at this juncture," says Nikhil Kamath, Co-founder and Head of Trading, Zerodha.
- Feb 02, 2018 10:29 AM IST
India market could see a bit of correction in the short term but the market has been correcting in the last one month even though Nifty rose in the same period.
- Feb 02, 2018 10:20 AM IST
"The government's promise to bring it down to 3.3% next year is a very credible and realistic step."
- Feb 02, 2018 07:50 AM IST
A list of important headlines from across news agencies that could help in your trade today.
- Feb 01, 2018 07:14 PM IST
"Directionally, this Budget will not have much impact on the equity market, it will move largely on relative valuation and earnings growth in FY19," says Shailendra Kumar, CIO at Narnolia Securities Limited.
- Feb 01, 2018 07:07 PM IST
"Overall, the thrust of this budget is on infrastructure development, which is what the tourism industry has always represented to the government," says Peter Kerkar, Group, CEO, Cox & Kings Ltd.
- Feb 01, 2018 06:12 PM IST
“The FM has presented a Budget which is both balanced and positive. Focus on rural infrastructure, agricultural output and farmer income will help reduce the agrarian distress and boost the rural economy," says T V Narendran , CEO & MD Tata Steel India Limited.
- Feb 01, 2018 06:01 PM IST
"Overall, it was a balanced Budget with focused allocation given to priority segments that are needed to lay the foundation for India’s long term sustainable growth, with only a marginal slippage on the fiscal deficit," says Shanti Ekambaram, President – Consumer Banking, Kotak Mahindra Bank Ltd.
- Feb 01, 2018 05:51 PM IST
“With continued Securities Transaction Tax (STT), the LTCG on listed equities is additional burden and would promote short term transactions, given 15 percent STCG up to one year and 10 percent LTCG beyond one year with no indexation benefits," says Ranjeet Mudholkar, Vice Chairman and CEO, Financial Planning Standard Board of India.
- Feb 01, 2018 05:47 PM IST
“The Union Budget 2018 has reiterated the government’s rural focus and its commitment towards India’s agriculture sector. Announcements through measures regarding farm output seem to be the key highlight," says Shilpa Divekar Nirula, CEO, Monsanto India Region.
- Feb 01, 2018 05:31 PM IST
"Deterioration in quality of spending (increase in revenue/capex ratio) remains a concern. Deviation from the fiscal glide path is a risk and could trigger bond yields/interest rates spiral," says Abheek Barua, Chief Economist at HDFC Bank.
- Feb 01, 2018 05:22 PM IST
"We are disappointed with the increase in customs duty of cut and polished Diamonds and cut and polished coloured gemstones from 2.5percent to 5 percent, as it was not included as part of the industry’s recommendations to the Government," says Pramod Agarwal, Chairman, Gem & Jewellery Export Promotion Council.
- Feb 01, 2018 05:16 PM IST
Boost in rural sector should aid the fragile rural recovery and spur consumer demand.
- Feb 01, 2018 04:47 PM IST
“We look forward to the tax incentives indicated for MSMEs, this should enable better financing and ease the cash flow issues faced by the sector," says Ramesh Iyer, MD, Mahindra and Mahindra Financial Services Limited.
- Feb 01, 2018 03:59 PM IST
"The FM has provided a panoptic flavor to the FY19 Union Budget. The admirable ‘All-in’ Budget has delivered beyond expectations in a bid to reinvigorate growth that is sustainable and equitable, leveraging fully on the available fiscal space," said Rana Kapoor, MD and CEO of Yes Bank.
- Feb 01, 2018 03:13 PM IST
According to the plans announced by Finance Minister Arun Jaitley during his Budget presentation, each family is covered under the new National Health Protection Scheme.
- Feb 01, 2018 02:41 PM IST
"Budgetary allocation of Rs 10,000 crore for developing fisheries, animal husbandry can give the necessary boost to these sectors," said Ajay Kakra, Leader - Food and Agriculture, PwC India.
- Feb 01, 2018 02:38 PM IST
For an investor, the LTCG would mean that any investment sold after holding it for more than one year will now be taxed at a rate of 10 percent without giving any indexation benefits.
- Feb 01, 2018 01:44 PM IST
It was always going to be the most political of the NDA’s Budgets so far, but the FM exceeded expectations on this front.
- Feb 01, 2018 01:32 PM IST
It is a clear focus on improving the fundamentals to achieve the twin objectives of improving farm productivity and making exports competitive in the run up to the government’s ambition of doubling the farm income by 2022.
- Feb 01, 2018 11:01 AM IST
Budget 2018 Highlights: Here are key takeaways from Finance Minister Arun Jaitley's speech.