The increase in capital gains tax in the Union Budget makes it tougher for PMS fund managers, who handle money for rich investors, to beat the good old mutual funds. While MFs themselves are not taxed when they churn portfolios, crorepati clients of PMS schemes are taxed, which can lead to inferior post-tax returns. With … Read more
India’s Finance Minister Nirmala Sitharaman on 23rd Jul’24 presented the Union Budget 2024-25. This was the first budget of Prime Minister Narendra Modi’s third term in the government. Overall, the broad themes from the interim Budget remained unchanged. The Union budget 2024-25 focused on infrastructure, fiscal consolidation, job creation, MSMEs, women, and agricultural support. Broadly … Read more
Finance Minister Nirmala Sitharaman says people will pay less than what they have been paying even with indexation. “What they are going to pay at 12.5% is less than even what they have paid if the indexation were to be there. So, enough work was done in consultation with people who advise us on these … 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
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
This year’s Budget, set against the backdrop of a coalition government and the Modi administration’s reduced majority, promises to be particularly impactful. Here’s an in-depth look at which industries might gain or lose from the upcoming budget, along with practical advice for investors. Coalition Government’s Influence on the Budget The nature of coalition politics often … 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
Had you bought PSU rail stock RVNL just before the interim Budget on February 1, your investment would have been doubled by now. Shares of Jupiter Wagons have rallied 64%, Oriental Rail 53% while Titagarh Rail Systems is up 56% with the combined market capitalization of top 12 rail stocks growing by about Rs 1.6 … Read more
