The cost of trading in shares is likely to go down. The Union finance ministry has taken up a review of the current Securities Transaction Tax (STT) regime after a meeting with top exchange officials yesterday http://www.business-standard.com/india/news/share-trading-may-become-cheaper/448410/
The high interest rates being offered by banks seem to be luring people away from the small savings schemes such as PPF and NSC. A Finance Ministry report tabled in Parliament on Tuesday says that the net small savings deposits turned negative in the first quarter of the fiscal 2011-12. “The decline in small collection […]
The Finance Ministry on Tuesday asked stock exchanges to provide “consolidated inputs” for improving the depth and liquidity of stock markets. They were also asked to give suggestions for expediting the setting up of SME platforms so that resource mobilisation by SMEs can be facilitated. The move to ask stock exchanges to provide their inputs […]
Are you a non-resident and have sold listed shares of an Indian company in an off market deal? In that case, Long term capital gains on sale of such shares could be taxable at the rate of 20%. This is as per the recent pronouncement by the Authority for Advance Ruling (‘AAR’) in the case […]
The recommendation of the Parliamentary Standing Committee on Finance to devise a mechanism to ensure a minimum assured return to subscribers of New Pension System (NPS) flies against the raison d’etreof the NPS, to reduce the burden of pension on government finances. http://economictimes.indiatimes.com/opinion/editorial/what-the-government-must-do-to-make-new-pension-system-more-acceptable/articleshow/9866251.cms
Finance Minister Pranab Mukherjee today hoped that the Direct Taxes Code (DTC), which seeks to replace the Income Tax Act of 1961, would come into force from April 1, 2012. “If we have it (the report of Standing Committee) in the Winter Session (of Parliament), I will have no problem in effecting it from April […]
Reliance Capital and its Japanese partner in life insurance, Nippon Life Insurance, will explore strategic tie-ups in finance, initially in the asset management and private equity businesses of the Indian group. Any strategic collaboration would boost Nippon Life’s presence in India, while giving Reliance Capital better access to capital and expertise, analysts said. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/reliance-capital-nippon-life-to-explore-broader-tie-up/articleshow/9825186.cms
The recent reforms initiatives taken by the capital market regulator, the Securities and Exchange Board of India (SEBI), will strengthen investors’ confidence in the Indian economy, industry lobby Confederation of Indian Industry said Wednesday. “Exhibiting sensitivity towards the users’ need for simplification and meaningful disclosures, the initiatives will generate confidence in the domestic markets and […]
Rising costs, shrinking margins, and a dull stock market are driving Indian broking houses to the brink . Several of them are on the block and could be available at a bargain, yet there are few willing buyers. Everyone talks of consolidation being imminent in the broking industry, but regulatory hurdles and the nature of […]
This may appear contrary to popular belief, but it’s true. Bank deposits, despite their safety and ease of operations, seem to be fast losing their charm among Indian households as the best place to park money in. Over the past three years, households have increasingly preferred to save their growing disposable incomes in government-backed savings […]
