While the PM sees zero tax on long-term capital gains and dividend income as unfair since the beneficiaries are not poor, he is silent on the fact that rich farmers too don't pay taxes, since farm income is tax-free, a loophole exploited by many netas and babus, says Debashis Basu.
'At this time, staying in the game is more important.' 'If we do that, then wealth can be generated.'
Finance Minister P Chidambaram on Monday said the currency will find its level as steps being taken by the government to contain fiscal and current account deficits will improve investor sentiments.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
Financials were the top losers after sharp gains in the previous session along with ITC
Startups in India need low-cost debt for working capital, which is impossible to get.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
The first major devaluation of the rupee happened in 1966 when it was pegged against the US dollar at Rs 4.75/$
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
In a late-night tweet in capital letters, he said Iran must 'never, ever threaten the United States again'.
India's foreign exchange reserves surged $5.04 billion in the week ending March 28, its biggest weekly rise in four months, as the central bank started to buy dollars regularly in an effort to build up its defences against any potential global turmoil.
The Street had factored in the NDA win, owing to which the appreciation in the rupee is expected to be limited
'There is a huge tax differential of 15% to 20% depending on income classification.'
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Dalal Street is bullish on invest
Sectors throw up a wishlist for the Finance Minister.
Bank shares were the top losers along with index heavyweight RIL
'The market position from here on is expected to go up'.
Even Delhi does not have a full-time registrar of chits.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
By 2020, we should have some 10 listed sports companies, with one or two big enough to be on the Sensex
Movement of rupee and crude oil prices will also dictate the trend
The stock exchange does not store and display the numbers of investors. That would be like a bank publishing the details of its customers for everyone to see.
Slow pace of reforms in India is disappointing: Faber
Crisis of growth is worsened by the challenging global environment and policy missteps. Returning to 9 per cent growth trajectory will be a tall order.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Global markets could correct 5-10 per cent. If that happens, Indian markets will correct about 10 per cent
Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.
Emerging markets and Asia may be first in the firing line
'Tilting at the Government in English in front of India may make him feel like Joan of Arc, but without a feel for Bharat he will merely be Don Quixote,' says S Muraleedharan, former managing director, BNP Paribas.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Few top honchos of India Inc did very well in 2014.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
The most immediate cause of worry is the recent volatility in foreign exchange markets, Prime Minister Manmohan Singh tells the Assocham annual general meeting.
'It is vital that objects such as the Harihara -- and collections from South Asia generally -- remain here,' the British Museum tells Vaihayasi Pande Daniel.
Indian economy about to take-off
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
It is important to understand that debt investors are a conservative lot and, in general, most such investments are hedged out of foreign exchange risk to simply earn an arbitrage profit, rather than carry the risk to possibly increase their yield.
Sanjay Mathur, managing director and head of economics research for Asia Pacific (ex-Japan), Royal Bank of Scotland, tells Business Standard that in the emerging market pack, India needs to learn lessons from Korea and Taiwan, which have managed their economic situations well.
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