Contentious changes to how capital gains are taxed in Canada will bring in billions less in revenue for the government than Ottawa was expecting when it tabled the 2024 federal budget, according to the Parliamentary Budget Officer. The PBO on Thursday tabled a probe of Liberal measures to hike the inclusion rate on capital gains … Read more
As the dust around the Union Budget 2024 settles down, potential losers in the market as a result of announcements or rather lack of it, are coming to the fore. Sectors that are likely to get negatively impacted in the near term are banks, NBFCs, asset management companies (AMCs), real estate, consumer, defence, OMCs and … Read more
Indian Finance Minister Nirmala Sitharaman delivered her seventh budget speech on Tuesday, pledging to create more jobs, boost spending on infrastructure while still reining in the fiscal deficit. The closely-watched budget was the first under a new coalition government after Prime Minister Narendra Modi’s party lost its majority in the parliament in recent elections. Here … Read more
Prime Minister Narendra Modi’s new government outlined vast spending on unemployment and projects favored by key political allies, in the most high-profile acknowledgment to date by the ruling party of India’s changed political landscape following a punishing election setback last month.In an 83-minute speech before India’s parliament on Tuesday, Finance Minister Nirmala Sitharaman said the … Read more
“I think the STT on F&O is a step in the right direction. If the idea is to essentially curb volumes on the F&O side I think that is fair enough. I am just saying is that for a long-term investor, there is STT, there is a hike in LTCG, and there is a tax … Read more
“So, my view is that if the budget disappoints and I think the only way it can disappoint is if they do not give relaxation on personal taxation and those have to be significant,” says Sandip Sabharwal, asksandipsabharwal.com.What is the anticipation? I know no correction is anything to worry because if election outcome is anything … Read more
Indian market is likely to remain volatile on the Budget 2024 day. The Nifty future closed negative with losses of 0.05% at 24,517 levels on Monday. India VIX was up by 4.18% from 14.82 to 15.44 levels. Volatility inched higher slightly, but it is hovering near its lower zones which is comforting the bulls. On … Read more
A higher Budget outlay for Pradhan Mantri Awas Yojana (PMAY), re-introduction of 100% tax holidays on construction of affordable houses and increasing the interest deduction limit on home loans are some of the demands of the real estate industry from the government in this year’s budget. A slew of favourable announcements in this sector could … Read more
India has set eyes to become the third largest economy by 2030 while its Viksit Bharat vision is to make the country a developed nation by 2047. However, unemployment continues to be a major headache for the country even as it grew 8.2 per cent in FY24 and has managed to grow at an average … Read more
As Nirmala Sitharaman gears up to present the Budget, scheduled for July 23, let’s have a look at what the Budget Survey by ET Online said about the good, the bad, and the ugly of the Indian economy at the moment. The good, surprisingly, is that ‘inflation is under control’, the bad part is the … Read more
