[ad_1] Foreign portfolio investors (FPIs) continued their three-month streak in Indian equities, but inflows moderated in August, driven by domestic and global factors. However, they were consistent buyers in June and July after election-related jitters faded and stability returned to Indian markets. However, FPIs halted their buying streak with the onset of the new fiscal…
[ad_1] With the latest budget announcement and the directive from the previous yearâs budget, debt mutual funds have become unattractive and have been relegated to the sidelines â a burgeoning segment almost thrown under the bus. This was also inferred when the Association of Mutual Funds of India put out six-point budget feedback on 30…
[ad_1] The previous two terms of the Narendra Modi government saw the launch of some major national advanced technology missions, including for supercomputing, cyber-physical systems, and quantum technologies. These were coupled with initiatives to boost private sector participation with space and geospatial policies. India became the fourth to have a spacecraftâs lander touch down successfully…
[ad_1] The overhaul in capital gains tax rules has sparked confusion, especially with the removal indexation benefits. The revised provisions now impose a 12.5% levy on long-term capital gains (LTCG), while short-term gains remain taxed at slab rates. The elimination of indexation, a key tool for reducing tax liabilities on older properties, has left many…
[ad_1] The call, thus, had to be taken judiciously: will an overnight rate increase cause a crisis of confidence and lead to a pullback of global funds, or will the market still view the 12.5% and 20% tax rates as fair and take this in its stride? In the event, the government was proven right. …
[ad_1] India currently has a fiscal law that expects the Union government to keep its annual fiscal deficit below 3% of gross domestic product (GDP). So government borrowing in any given year cannot exceed that limit, to rein in profligate budgeting. However, a rigid limit on government borrowing can be counterproductive in some situations. For…
[ad_1] His concern was not so much with income than wealth, and here too, he distinguished between inherited and earned wealth. He advocated a tax on the rich who had such âcapital.â Closer home, his work on inequality in India that came out earlier this year drew considerable umbrage, as critics tore into his data…
[ad_1] In this yearâs Union Budget 2024, Finance Minister Nirmala Sitharaman introduced a new initiative – the NPS Vatsalya scheme. This scheme is designed to support long-term savings for minors. The scheme is a noteworthy government initiative aimed at fostering long-term savings for children. It enables parents and guardians to invest on behalf of minors,…
[ad_1] The Centre is confident of delivering on its Budget promise to arrange external financing for infrastructure development projects in Andhra Pradesh and Bihar, Finance Secretary T.V. Somanathan said in an interview with The Hindu. He also elaborated on measures to rein in food inflation and spur consumption. Edited excerpts: The Budgetâs push for job…
[ad_1] The latest budget presented by finance minister Nirmala Sitharaman strives for fiscal consolidation while making a slight pivot to demand generation. It, therefore, begs a different set of questions: how will some of the ambitious budget measures be implemented and whether the budgetâs solutions avoid getting to the root of the problem. The FMâs…
