The government announced several incentives in the five-year Foreign Trade Policy.
While 100 per cent FDI is allowed in single-brand retail, if the foreign investment exceeds 51 per cent, the 30 per cent mandatory local sourcing norm kicks in.
Market experts believe the retreat is because of uncertainty.
The logic of deregulation was that the consumer was protected no matter what the price of crude. But now the reverse has happened. The government is protected no matter what the price of crude, observes Aakar Patel.
As many as 24 special economic zone (SEZ) developers including Dr Reddy's Lab and Tata Consultancy Services have sought more time from the government to execute their projects.
Corporate honchos from real estate sector to manufacturing to textile say the Budget does not have enough to help their sectors
Alternative investment funds (AIFs) - pooled investment vehicles catering to high net worth individuals (HNIs) - saw a 30 per cent increase in investment commitments during financial year 2022-23 (FY23). At the end of March 2023, the total investment commitments raised stood at Rs 8.33 trillion, up Rs 1.92 trillion from Rs 6.41 trillion at the end of March 2022. A commitment is the money clients are willing to put into AIFs.
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
rediffGURU and financial planning expert Colonel Sanjeev Govila will answer your personal finance-related questions.
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
Their rematch, long anticipated, but hardly clamoured for, is broadly expected to mirror the 2020 campaign, though Trump will run this time under the spectre of 91 felony charges.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
It proposes to bring down the corporate tax from the current 35 per cent to 15 per cent, significantly lower individual tax rates, and eliminate several tax rates like the death tax.
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
To revive BSNL and MTNL, DoT is taking various initiatives.
Sectors throw up a wishlist for the Finance Minister.
India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
This time, the global appetite for risk is in favour of India.
Arun Jaitley said he would put the DTC Bill in cold storage.
A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
The plan is to de-notify the entire SEZ.
To generate ample private sector interest, there is a need to introduce market-linked tariff rates.
Realty players want single window clearance for all affordable projects, reports Karan Choudhury.
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
Sebi had last year put in place a separate regulatory regime for REITs.
The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
This finance minister has come of age. That's not condescension. It is a praise, says Omkar Goswami.
Portfolio management services (PMS), catering to higher networth individuals (HNIs), are facing tough competition from emerging alternative investment funds (AIFs), evident from their dwindling client base. In May, the number of clients for the industry stood at 125,390, down 20,528 in two months, shows data from the Securities and Exchange Board of India (Sebi). "PMS managers also have a high active ratio, which means their portfolios are quite differently positioned and more actively managed, compared to the benchmark, which is also a highlight for long-term investors.
On Wednesday, FIIs sold shares worth Rs 1,573 crore.
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
Ranbaxy Laboratories on Wednesday reported widening of its consolidated net loss to Rs 1,029.72 crore (Rs 10.29 billion) for the third quarter ended December 31, 2014
'If you look at this Budget, except for the Rs 2 increase in petrol and diesel, there is no positive or negative impact from the Budget for the common man.'
While equity savings funds could offer higher returns over three-five years, they would also be more volatile.
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