municipal bonds: Sebi favours tax breaks for municipal bond subscribers: Official

municipal bonds: Sebi favours tax breaks for municipal bond subscribers: Official

The Securities and Exchange Board of India (Sebi) has approached the government to allow tax breaks for subscribers of municipal bonds that are crucial for funding infrastructure development at the grass-root levels, a senior official said on Tuesday. The capital markets watchdog will also root for a tax break for municipal bonds during its meeting … Read more

16th Finance Commission seeks public opinion on terms of reference

16th Finance Commission seeks public opinion on terms of reference

New Delhi: The 16th Finance Commission on Wednesday invited suggestions from the general public, institutions and organisations on relevant issues for it and those related to its terms of reference. As per Article 280 of the Constitution, the commission is required to make recommendations on the distribution of the net proceeds of taxes between the … Read more