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The government increased the interest rate on employees' provident funds to 9.5% but any amount over 8.5% will be taxed, reducing the actual benefit to workers. While the labor ministry intended the additional 1% as a gift, it will instead be taxable income. EPFO manages over 50 million provident fund accounts and faces issues with deducting taxes and providing tax forms for the higher interest amount. Finance Minister Pranab Mukherjee believes displacement due to mining should be addressed through compensation and making tribes beneficiaries of economic development, rather than stopping mining entirely. The government is considering having tribes receive 26% of mining project profits but differences remain within the government on this proposal.
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News for the week ended 26 sept.-2010
The document contains summaries of various news articles:
1. The Finance Ministry has revised caps on foreign investment in government securities and corporate bonds, raising the limits to $10 billion and $20 billion respectively.
2. RIL has disclosed annual reports for most but not all of its subsidiaries, remaining silent on details for some including two exploration subsidiaries and a joint venture.
3. Bank deposits saw their highest rise this year in September, with total deposits increasing Rs. 33,581 crores and credit growing 19% year-over-year, partly due to increased deposit rates.
Stocks
- Indian equity benchmarks ended at record highs for the third straight session on expectations that the European Central Bank would announce monetary stimulus measures.
- Emami gained over 3% after announcing the acquisition of a controlling stake in an Australian personal products company.
- DB Realty locked in a 10% increase after its subsidiary received approval to increase floor space for a real estate development project in Maharashtra.
Daily equity report
The daily equity report from Capitalstars Financial Research Pvt. Ltd provides an overview of the Indian and global stock markets. In India, the key indices extended gains for the seventh straight session and month. Some specific stocks like Indraprastha Gas rose over 2%. Internationally, Asian markets were mixed while European stocks declined on inflation and economic data. In the US, stocks rose in light trading. The report also provides pivot points and support/resistance levels for Nifty and Bank Nifty futures.
weekly news
Reliance Mutual Fund announced the launch of a new small cap fund NFO opening on August 26 and closing on September 9. Religare promoters made an open offer to acquire an additional 20% stake in the company opening on October 13 and closing November 1. Toyota will start trial production of its Etios small car in September for the Indian market, investing 3200 crore and launching the hatchback and sedan by December with petrol engines and potentially a diesel variant. The Direct Taxes Code sets tax rates at 10% for income between 2-5 lakh, 20% for 5-10 lakh and 30% over 10 lakh while corporate tax is increased to 30%, and Ford plans to launch 8 new models
Click Press July 11, 2009 IS INVESTMENT PICKING UP?
The PE firms have invested $1.03 billion across 54 deals during the quarter ended June 2009, a 17 per cent surge over the previous quarter, which saw 42 deals worth $883.97 million, according to Jagannadham Thunuguntla
PGC Newsletter dated 6th January,2015
The newsletter provides updates on economic, corporate, regulatory, and market news. It notes that Arvind Panagariya was appointed as the first Vice Chairman of NITI Aayog and that Maharashtra launched a drive to curb land speculation. It also discusses tensions between NTT DoCoMo and Tata Sons regarding a share buyback agreement and proposed regulations from SEBI and changes to customs duties and eligible institutions for tax deductions. Market indices such as Sensex and Nifty declined while silver and gold increased and crude oil and the Dow Jones Industrial average fell.
Pgc news letter 6 th august, 2014 (2)
Reliance Jio Infocomm is set to launch a $1.5 billion debt issue abroad similar to Tata Steel's recent $1 billion raising. The government reported that regional ICAI councils had over Rs. 153 crore in revenues and ICAI councils had around Rs. 40 crore. The GST is likely to be introduced shortly according to the Minister of State for Finance. S K Jain of Syndicate Bank allegedly prevented the classification of over Rs. 100 crore in loans to Bhushan Steel and Prakash Industries as NPAs. The civil aviation ministry plans to review the functioning of DGCA to ensure uniform processes and clarity of its mandate. P Balaji resigned as
Newsletter dated 10th April, 2015
Moody's raised India's credit rating outlook to positive from stable, indicating potential for an upgrade in the next 12-18 months due to economic reforms under the Modi government. The government plans to launch a scheme in May encouraging temples to deposit gold with banks in exchange for interest, which could provide around 3,000 tons to help address India's trade deficit. SEBI increased the limit for USD-INR currency derivative contracts beyond which proof of exposure is needed by foreign portfolio investors.
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News for the week ended 26 sept.-2010
The document contains summaries of various news articles:
1. The Finance Ministry has revised caps on foreign investment in government securities and corporate bonds, raising the limits to $10 billion and $20 billion respectively.
2. RIL has disclosed annual reports for most but not all of its subsidiaries, remaining silent on details for some including two exploration subsidiaries and a joint venture.
3. Bank deposits saw their highest rise this year in September, with total deposits increasing Rs. 33,581 crores and credit growing 19% year-over-year, partly due to increased deposit rates.
Stocks
- Indian equity benchmarks ended at record highs for the third straight session on expectations that the European Central Bank would announce monetary stimulus measures.
- Emami gained over 3% after announcing the acquisition of a controlling stake in an Australian personal products company.
- DB Realty locked in a 10% increase after its subsidiary received approval to increase floor space for a real estate development project in Maharashtra.
Daily equity report
The daily equity report from Capitalstars Financial Research Pvt. Ltd provides an overview of the Indian and global stock markets. In India, the key indices extended gains for the seventh straight session and month. Some specific stocks like Indraprastha Gas rose over 2%. Internationally, Asian markets were mixed while European stocks declined on inflation and economic data. In the US, stocks rose in light trading. The report also provides pivot points and support/resistance levels for Nifty and Bank Nifty futures.
weekly news
Reliance Mutual Fund announced the launch of a new small cap fund NFO opening on August 26 and closing on September 9. Religare promoters made an open offer to acquire an additional 20% stake in the company opening on October 13 and closing November 1. Toyota will start trial production of its Etios small car in September for the Indian market, investing 3200 crore and launching the hatchback and sedan by December with petrol engines and potentially a diesel variant. The Direct Taxes Code sets tax rates at 10% for income between 2-5 lakh, 20% for 5-10 lakh and 30% over 10 lakh while corporate tax is increased to 30%, and Ford plans to launch 8 new models
Click Press July 11, 2009 IS INVESTMENT PICKING UP?
The PE firms have invested $1.03 billion across 54 deals during the quarter ended June 2009, a 17 per cent surge over the previous quarter, which saw 42 deals worth $883.97 million, according to Jagannadham Thunuguntla
PGC Newsletter dated 6th January,2015
The newsletter provides updates on economic, corporate, regulatory, and market news. It notes that Arvind Panagariya was appointed as the first Vice Chairman of NITI Aayog and that Maharashtra launched a drive to curb land speculation. It also discusses tensions between NTT DoCoMo and Tata Sons regarding a share buyback agreement and proposed regulations from SEBI and changes to customs duties and eligible institutions for tax deductions. Market indices such as Sensex and Nifty declined while silver and gold increased and crude oil and the Dow Jones Industrial average fell.
Pgc news letter 6 th august, 2014 (2)
Reliance Jio Infocomm is set to launch a $1.5 billion debt issue abroad similar to Tata Steel's recent $1 billion raising. The government reported that regional ICAI councils had over Rs. 153 crore in revenues and ICAI councils had around Rs. 40 crore. The GST is likely to be introduced shortly according to the Minister of State for Finance. S K Jain of Syndicate Bank allegedly prevented the classification of over Rs. 100 crore in loans to Bhushan Steel and Prakash Industries as NPAs. The civil aviation ministry plans to review the functioning of DGCA to ensure uniform processes and clarity of its mandate. P Balaji resigned as
Newsletter dated 10th April, 2015
Moody's raised India's credit rating outlook to positive from stable, indicating potential for an upgrade in the next 12-18 months due to economic reforms under the Modi government. The government plans to launch a scheme in May encouraging temples to deposit gold with banks in exchange for interest, which could provide around 3,000 tons to help address India's trade deficit. SEBI increased the limit for USD-INR currency derivative contracts beyond which proof of exposure is needed by foreign portfolio investors.
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This presentation discusses Saad Suhail's portfolio investment of 10 billion rupees across debt and equity markets. 60% or 6 billion was invested in the debt market through treasury bills, PIBs and TFCs. 40% or 4 billion was invested in the equity market through MTS, future contracts and shares of various companies. The portfolio aims to generate regular income, preserve capital, and achieve a return higher than the benchmark of 7.25%.
Newsletter dated 20th April, 2015
The document provides economic, regulatory, and market updates from India. It notes that the finance ministry plans to sell stakes in over a dozen companies to meet disinvestment targets and that the finance minister said the Indian economy is on a recovery path with 7.4% growth in the first three quarters. It also summarizes that SEBI plans new guidelines to define control in mergers and acquisitions and that the RBI will use social media like Twitter to communicate announcements while customers should not pay the proposed higher 14% service tax until the finance bill passes. Market indices such as Sensex and Nifty declined while the dollar rose against the rupee.
Newsletter dated 9th April, 2015
The document provides economic, regulatory, and market updates from India. It summarizes that the Prime Minister launched a new agency to provide microloans to small businesses. The government also promised increased compensation and loan restructuring for distressed farmers. It notes that the corporate regulator SEBI set fines for companies that do not appoint a woman director by deadlines in 2015. The central bank notified new foreign investment limits in the insurance sector, and the government delayed implementation of new tax laws regarding general anti-avoidance rules until 2016. Market indexes and currency exchange rates are also included.
Force Motors: Buy for a target of Rs770
At CMP of Rs.531.95, the stock trades at 7.8x FY15E EPS and 6.9x its FY16E EPS, which looks attractive. We believe higher demand, better margins and improving macro-economic scenario, would lead to FML’s better performance in the foreseeable future.
Klci report
We specialize in understanding our client profile & categorizing their trading segment eligibility on the basis of their financial health, which helps them to analyze if they can work on long-term or short-term investment or both. The completely aim oriented research team is always eager to display their expertise in financial market, powered & backed up with updated software’s, information system and with advanced research tools.
Daily equity report
Indian equity benchmarks recovered from day's lows to end at fresh record highs on hopes of economic reforms in the upcoming budget. Asian stock markets rose to a three-year peak while European stocks opened lower due to downbeat German factory data. Key indices like Sensex and Nifty ended higher with sectors like banking and capital goods performing well whereas healthcare and IT declined.
Daily equity report
The document is a daily equity report published by Capitalstars Financial Research Pvt. Ltd. on November 3rd, 2014. It summarizes the performance of key stock market indices in India and globally. It also provides an overview of the top gainers and losers during the day as well as notable company earnings news, including earnings beats from NTPC, GAIL and ITC. Pivot points and support/resistance levels are given to analyze the direction of the key Nifty and Bank Nifty indices.
Daily equity report
This document is a daily equity report published by CapitalStars Financial Research Pvt. Ltd. on August 7, 2014. It summarizes the day's performance of the Indian and global stock markets, including key index levels and sector performances. It also provides pivot point analysis and recommendations for various stocks and indices. The bottom section reports the quarterly earnings and financial results of various companies like Jindal Steel, Infosys, IDBI Bank, Piramal Enterprises, Apollo Tyres, Adani Ports, and Amara Raja Batteries.
Daily equity report
The document is a daily equity report from CapitalStars Financial Research Pvt. Ltd. that analyzes the Indian and global stock markets. It provides an overview of key market indices and sector performances in India and Asia. It also lists the top gainers and losers among Indian stocks. The report discusses quarterly earnings results from several major Indian banks and pharmaceutical companies. It concludes with a disclaimer about the information presented.
Weekly news
The document summarizes various news stories from the 2nd week of August-September:
1) The telecom department is examining proposals to allow new mobile operators who received licenses under controversial circumstances to exit the market, paving the way for possible industry consolidation among the existing 14 players.
2) Reliance Industries surprised investors by acquiring a 14.12% stake in hospitality company EIH, which runs Oberoi and Trident hotel chains, paying over 30% premium and disrupting ITC's plans to control the company.
3) The government's claim of 8.8% GDP growth in the first quarter has been questioned by economists as the demand-side numbers show much lower growth of
Newsletter dated 13th March,2015
The document provides various economic, corporate, and market updates. It notes that an engineering firm will hire 1,500 new employees in India over the next five years. It also mentions that India will participate in an economic conference in Egypt. Additionally, it reports that government officials have been charged for allegedly sharing confidential foreign investment documents with corporations. The document closes with summaries of indexes and commodity prices.
Pgc newsletter 4 th august, 2014
The newsletter provides updates on the Indian economy and markets. It notes that the government has set up a committee to restructure higher education regulation. Prime Minister Modi's upcoming US visit could be significant for advancing trade talks at the WTO. The Central Bureau of Investigation arrested the chairman of Syndicate Bank in a bribe-for-loan case, which may prompt the RBI to increase transparency in loan approvals. The home ministry also wants to reimpose caps on foreign ownership of telecom companies for security reasons.
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The daily equity report from CapitalStars Financial Research provides an overview of the Indian and global markets. On the domestic front, key indices Sensex and Nifty reached record highs led by financial and ITC stocks, while metal stocks rose on better-than-expected China growth. Suven Life Sciences gained over 6% on new patent approvals. Internationally, IMF slightly lowered growth forecasts for India but retained projections for the current year, while European shares rose on expectations of ECB stimulus. The report also lists top gainers and losers, sector performances, and notes buying activity from FII and DII institutions.
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The daily equity report from Capitalstars Financial Research provides an overview of the Indian and global markets. In India, key indices rose to record highs supported by stimulus from the ECB. Biocon and Tata Metaliks shares fell after reporting declines in quarterly profits. In global markets, Asian shares rose on risk appetite boosted by the ECB bond-buying plan, while European shares extended gains. The report also provides sector performances, notable share price movements, and FII/DII activity for the day.
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Narnolia Securities Limited Recommended Buy Stock of Emami Limited
Emami Limited is an Indian producer of fast moving consumer goods. The company reported a 13% increase in net sales for Q2 and guided for a 13-15% revenue growth for the full year. Margins increased substantially over the last two quarters due to lower raw material costs. The management expects margins to increase by 300 basis points for the full year and recommends buying Emami stock with a target price of Rs 585.
Newsletter CS Rajiv Bajaj-7th January,2015
The document summarizes the history and success of TCI Group, a leading integrated supply chain and logistics solutions provider in India. It was founded in 1958 by Prabhu Dayal Agarwal and started as a one office, one truck operation. Over the years, TCI has grown to a group with Rs. 2000 crore in revenue, over 7000 trucks, 6 cargo ships, 1000+ branches, and 9.1 million square feet of warehousing space. The second and third generations, led by Dharam Pal Agarwal, Vineet, and Chander, are taking TCI to the next level with international standards and diversified divisions like freight, express, supply chain solutions, and real estate
Trend today (14 feb 2018)
The document summarizes market performance and stock updates from India. Benchmark indices gained as the Sensex rose 0.87% and Nifty rose 0.81% recovering some losses from the previous day. Maruti Suzuki is discussing plans to set up a new 750,000 capacity plant, potentially in Gujarat, to maintain its leadership in the domestic car market. Indian Bank's Q3 profit fell 18.8% due to higher provisions, but net interest income grew 30% and asset quality improved.
Pgc newsletter 19 th august, 2014
The newsletter provides updates on various business and economic topics. It reports that the MCX board has decided to ask regulators to relax rules on promoter holdings. It also notes that Reliance Industries and Essar Oil are preparing to restart petrol retail as diesel prices may be deregulated. Additionally, Godrej Consumer Products is considering setting up a new plant in Andhra Pradesh.
INDIAN BUDGET 2016
The document summarizes key points from India's Budget for 2016-2017 presented by Kishan K Shenoy, Lester Max D souza, and Lathesh Kumar Shetty. It outlines economic growth of 7.6% in 2015-2016, challenges of global slowdown and increased fiscal burden. Allocations target agriculture, rural development, social sectors, education, healthcare, infrastructure, and job creation. Tax rates and slabs are adjusted, and certain deductions are proposed to phase out. Fiscal deficit is retained at 3.5% of GDP to balance growth and fiscal discipline.
Newsletter dated 2nd March, 2015
The newsletter provides updates on corporate regulations, tax laws, and financial markets. Key points include:
- The SEBI will allow provident funds to invest 5-15% of funds in equities, and the government cut corporate tax rates by 5% over four years.
- Tax deductions for health insurance were increased, and wealth tax was abolished for the 2015-16 fiscal year.
- Market indices like the Sensex, Nifty, and Dow Jones saw slight declines while gold, silver, and crude oil rose slightly according to latest figures.
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Quarterly report-jan-mar-15
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Investment Portfolio (Treasury and Funds Management)
This presentation discusses Saad Suhail's portfolio investment of 10 billion rupees across debt and equity markets. 60% or 6 billion was invested in the debt market through treasury bills, PIBs and TFCs. 40% or 4 billion was invested in the equity market through MTS, future contracts and shares of various companies. The portfolio aims to generate regular income, preserve capital, and achieve a return higher than the benchmark of 7.25%.
Newsletter dated 20th April, 2015
The document provides economic, regulatory, and market updates from India. It notes that the finance ministry plans to sell stakes in over a dozen companies to meet disinvestment targets and that the finance minister said the Indian economy is on a recovery path with 7.4% growth in the first three quarters. It also summarizes that SEBI plans new guidelines to define control in mergers and acquisitions and that the RBI will use social media like Twitter to communicate announcements while customers should not pay the proposed higher 14% service tax until the finance bill passes. Market indices such as Sensex and Nifty declined while the dollar rose against the rupee.
Newsletter dated 9th April, 2015
The document provides economic, regulatory, and market updates from India. It summarizes that the Prime Minister launched a new agency to provide microloans to small businesses. The government also promised increased compensation and loan restructuring for distressed farmers. It notes that the corporate regulator SEBI set fines for companies that do not appoint a woman director by deadlines in 2015. The central bank notified new foreign investment limits in the insurance sector, and the government delayed implementation of new tax laws regarding general anti-avoidance rules until 2016. Market indexes and currency exchange rates are also included.
Force Motors: Buy for a target of Rs770
At CMP of Rs.531.95, the stock trades at 7.8x FY15E EPS and 6.9x its FY16E EPS, which looks attractive. We believe higher demand, better margins and improving macro-economic scenario, would lead to FML’s better performance in the foreseeable future.
Klci report
We specialize in understanding our client profile & categorizing their trading segment eligibility on the basis of their financial health, which helps them to analyze if they can work on long-term or short-term investment or both. The completely aim oriented research team is always eager to display their expertise in financial market, powered & backed up with updated software’s, information system and with advanced research tools.
Daily equity report
Indian equity benchmarks recovered from day's lows to end at fresh record highs on hopes of economic reforms in the upcoming budget. Asian stock markets rose to a three-year peak while European stocks opened lower due to downbeat German factory data. Key indices like Sensex and Nifty ended higher with sectors like banking and capital goods performing well whereas healthcare and IT declined.
Daily equity report
The document is a daily equity report published by Capitalstars Financial Research Pvt. Ltd. on November 3rd, 2014. It summarizes the performance of key stock market indices in India and globally. It also provides an overview of the top gainers and losers during the day as well as notable company earnings news, including earnings beats from NTPC, GAIL and ITC. Pivot points and support/resistance levels are given to analyze the direction of the key Nifty and Bank Nifty indices.
Daily equity report
This document is a daily equity report published by CapitalStars Financial Research Pvt. Ltd. on August 7, 2014. It summarizes the day's performance of the Indian and global stock markets, including key index levels and sector performances. It also provides pivot point analysis and recommendations for various stocks and indices. The bottom section reports the quarterly earnings and financial results of various companies like Jindal Steel, Infosys, IDBI Bank, Piramal Enterprises, Apollo Tyres, Adani Ports, and Amara Raja Batteries.
Daily equity report
The document is a daily equity report from CapitalStars Financial Research Pvt. Ltd. that analyzes the Indian and global stock markets. It provides an overview of key market indices and sector performances in India and Asia. It also lists the top gainers and losers among Indian stocks. The report discusses quarterly earnings results from several major Indian banks and pharmaceutical companies. It concludes with a disclaimer about the information presented.
Weekly news
The document summarizes various news stories from the 2nd week of August-September:
1) The telecom department is examining proposals to allow new mobile operators who received licenses under controversial circumstances to exit the market, paving the way for possible industry consolidation among the existing 14 players.
2) Reliance Industries surprised investors by acquiring a 14.12% stake in hospitality company EIH, which runs Oberoi and Trident hotel chains, paying over 30% premium and disrupting ITC's plans to control the company.
3) The government's claim of 8.8% GDP growth in the first quarter has been questioned by economists as the demand-side numbers show much lower growth of
Newsletter dated 13th March,2015
The document provides various economic, corporate, and market updates. It notes that an engineering firm will hire 1,500 new employees in India over the next five years. It also mentions that India will participate in an economic conference in Egypt. Additionally, it reports that government officials have been charged for allegedly sharing confidential foreign investment documents with corporations. The document closes with summaries of indexes and commodity prices.
Pgc newsletter 4 th august, 2014
The newsletter provides updates on the Indian economy and markets. It notes that the government has set up a committee to restructure higher education regulation. Prime Minister Modi's upcoming US visit could be significant for advancing trade talks at the WTO. The Central Bureau of Investigation arrested the chairman of Syndicate Bank in a bribe-for-loan case, which may prompt the RBI to increase transparency in loan approvals. The home ministry also wants to reimpose caps on foreign ownership of telecom companies for security reasons.
Stocks
The daily equity report from CapitalStars Financial Research provides an overview of the Indian and global markets. On the domestic front, key indices Sensex and Nifty reached record highs led by financial and ITC stocks, while metal stocks rose on better-than-expected China growth. Suven Life Sciences gained over 6% on new patent approvals. Internationally, IMF slightly lowered growth forecasts for India but retained projections for the current year, while European shares rose on expectations of ECB stimulus. The report also lists top gainers and losers, sector performances, and notes buying activity from FII and DII institutions.
Stocks
The daily equity report from Capitalstars Financial Research provides an overview of the Indian and global markets. In India, key indices rose to record highs supported by stimulus from the ECB. Biocon and Tata Metaliks shares fell after reporting declines in quarterly profits. In global markets, Asian shares rose on risk appetite boosted by the ECB bond-buying plan, while European shares extended gains. The report also provides sector performances, notable share price movements, and FII/DII activity for the day.
Daily equity report
The Indian equity markets ended lower, weighed down by IT majors, while midcap and smallcap indices outperformed larger peers. Sun Pharma rose over 9% after receiving a response letter from the US drug regulator for its new drug application. MOIL also rose after receiving approval for its mining lease expansion. In global markets, Asian shares gained on rebounding oil prices, while European markets rose helped by energy stocks recovering from recent lows.
Narnolia Securities Limited Recommended Buy Stock of Emami Limited
Emami Limited is an Indian producer of fast moving consumer goods. The company reported a 13% increase in net sales for Q2 and guided for a 13-15% revenue growth for the full year. Margins increased substantially over the last two quarters due to lower raw material costs. The management expects margins to increase by 300 basis points for the full year and recommends buying Emami stock with a target price of Rs 585.
Newsletter CS Rajiv Bajaj-7th January,2015
The document summarizes the history and success of TCI Group, a leading integrated supply chain and logistics solutions provider in India. It was founded in 1958 by Prabhu Dayal Agarwal and started as a one office, one truck operation. Over the years, TCI has grown to a group with Rs. 2000 crore in revenue, over 7000 trucks, 6 cargo ships, 1000+ branches, and 9.1 million square feet of warehousing space. The second and third generations, led by Dharam Pal Agarwal, Vineet, and Chander, are taking TCI to the next level with international standards and diversified divisions like freight, express, supply chain solutions, and real estate
Trend today (14 feb 2018)
The document summarizes market performance and stock updates from India. Benchmark indices gained as the Sensex rose 0.87% and Nifty rose 0.81% recovering some losses from the previous day. Maruti Suzuki is discussing plans to set up a new 750,000 capacity plant, potentially in Gujarat, to maintain its leadership in the domestic car market. Indian Bank's Q3 profit fell 18.8% due to higher provisions, but net interest income grew 30% and asset quality improved.
Pgc newsletter 19 th august, 2014
The newsletter provides updates on various business and economic topics. It reports that the MCX board has decided to ask regulators to relax rules on promoter holdings. It also notes that Reliance Industries and Essar Oil are preparing to restart petrol retail as diesel prices may be deregulated. Additionally, Godrej Consumer Products is considering setting up a new plant in Andhra Pradesh.
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Investment Portfolio (Treasury and Funds Management)
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Narnolia Securities Limited Recommended Buy Stock of Emami Limited
Narnolia Securities Limited Recommended Buy Stock of Emami Limited
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The document provides updates on various topics including the economy, finance, corporate news, and markets. It states that the government will pursue a Rs. 40,000 crore tax demand from foreign institutional investors and that international organizations project India's economic growth to rise to 7.5% in 2015. It also notes that the government plans to auction oilfields of state-owned companies to private firms and that various regulatory agencies have announced new norms and guidelines. Market indices and commodity prices are listed at the end.
Union Budget 2017-18
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
Decoding Budget 2018-19 (By Vishwanath Shettigar (Cofounder) Wealth Nest Advi...
Decoding Budget 2018-19 (By Vishwanath Shettigar (Cofounder) Wealth Nest Advi...CA Vishwanath Shettigar
An Analysis of Budget 2018-19 and details impact analysis on your investment. Simple Strategy, Suggesting for efficient Tax Planning and wealth creation for Long Term
Tax World Reacts - www.taxsutra.com-1
The Finance Minister presented the annual budget which included some tax changes. Key points included:
- Increasing the surcharge rate for individuals earning over Rs. 1 crore and companies earning over Rs. 10 crore from 5% to 10%, raising effective tax rates.
- Taxing share buybacks at 20% like dividends to prevent profit repatriation through buybacks. However, this may impact legitimate restructuring.
- Accepting most GAAR recommendations including deferring it by 2 years but ignoring grandfathering of investments and monetary threshold.
- Increasing withholding tax on royalties and technical fees from 10% to 25%, which exceeds many tax treaty rates.
RikvinCONNECT – April 2016
In this issue of RikvinCONNECT, we bring you the following topics:
- Singapore Budget 2016: Overview of Tax Changes for Businesses and Individuals
- Singapore Budget 2016: Sector-specific Changes
- Singapore Employment Act: Changes from April 1, 2016
- Singapore Employment Act: Administrative Penalties for Civil Breaches
Rsm india budget_2018_key_aspects_in_a_nutshell
The key aspects of the India Budget 2018 document are:
1. GDP growth is projected to be 6.75% in the current fiscal year and rise to 7-7.5% in 2018-19 due to major reforms. Inflation has hit a 6-year low of 3.3% in 2017-18.
2. For companies with revenues up to Rs. 250 crores, the corporate tax rate has been reduced to 25%. No change in personal income tax rates.
3. Exemption on long term capital gains from equity investments is being withdrawn and such gains will be taxed at 10%. Scope of dividend distribution tax has also been expanded.
UnionBudget 2015 -2016
budget analysis 2105 -2016
Union Budget, which is a yearly affair, is a comprehensive display of the Government's finances. It is the most significant economic and financial event in India. The Finance Minister puts down a report that contains Government of India's revenue and expenditure for one fiscal year.
Union Budget 2016-2017
The basic schemes, reforms, policy announced by our financial minister Mr. Arun Jetley was described in the slides. It will be more useful for everyone. It helps even a common man to learn about our country's budget.
Union Budget 2016
The document provides an overview of the Union Budget 2016-17 presented by the government of India. It discusses key highlights and priorities of the budget which include boosting economic growth, ensuring macroeconomic stability, continuing reforms, and focusing on vulnerable sections through new health and insurance schemes. The budget aims to boost infrastructure investment, agriculture and rural development, education and skills training, and make progress toward fiscal discipline and a pensioned society. It provides tax relief for small taxpayers and incentives for affordable housing, startups, and manufacturing.
Union Budget 2023-24
Budget 2023 is out and we come prepared to help you understand it better! Read more to catch up on the highlights.
Budgets highlights 2020 by fcma,cs,mba bibek
Budgets highlights 2020 by fcma,cs,mba bibek
3mins Budget 2020 | Gender budget sees a drop
3mins 33 students from Wuhan reach Sri Lanka
3mins Budget 2020 | We wanted to make sure money is in people’s hands: Nirmala Sitharaman
6mins Budget 2020 | E-com platforms must deduct 1% TDS on transactions
8mins Budget 2020 | Cheer for science as key departments get a raise
12mins Kumar Mangalam Birla on Budget 2020: Taking the economic challenges head-on
14mins Budget 2020 | No more double taxation on dividends
16mins Budget 2020 | Pat for ‘Beti Padhao’ scheme comes in for flak
17mins ‘CAA-NRC-NPR, part of Hindutva project’
27mins Budget 2020 | Steep hike in Customs Duty to keep China toys out of reach
29mins Budget 2020 | Spending on space goes up by 8%
32mins Budget 2020: MSMEs turnover limit for audit increased
36mins Bottom-up approach to building economy
37mins Budget 2020 | Health care in focus with ₹69,000 crore outlay
3mins Budget 2020 | Gender budget sees a drop
3mins 33 students from Wuhan reach Sri Lanka
3mins Budget 2020 | We wanted to make sure money is in people’s hands: Nirmala Sitharaman
6mins Budget 2020 | E-com platforms must deduct 1% TDS on transactions
8mins Budget 2020 | Cheer for science as key departments get a raise
12mins Kumar Mangalam Birla on Budget 2020: Taking the economic challenges head-on
14mins Budget 2020 | No more double taxation on dividends
16mins Budget 2020 | Pat for ‘Beti Padhao’ scheme comes in for flak
17mins ‘CAA-NRC-NPR, part of Hindutva project’
27mins Budget 2020 | Steep hike in Customs Duty to keep China toys out of reach
29mins Budget 2020 | Spending on space goes up by 8%
32mins Budget 2020: MSMEs turnover limit for audit increased
36mins Bottom-up approach to building economy
37mins Budget 2020 | Health care in focus with ₹69,000 crore outlay
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Accretive SDU communique - Tax Contours of India Budget 2016-17
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Eco times
The skill development programme launched by Bharti-Walmart in India is the first of its kind for Wal-Mart globally. It provides technical training in modern retail, logistics, supply chain and support services to help develop skills. Each training center requires an investment of approximately 1 crore rupees. In addition, Bharti-Walmart conducts farmer training programmes to increase crop yields and training for small shop owners to boost their sales.
Et news
Currency wars and quantitative easing by central banks are expected to dominate discussions at upcoming IMF and G7 meetings. There is concern that countries using their currencies as a policy weapon could derail the global economic recovery. At the center of the debate is China, which is accused by the US of keeping its currency artificially weak to boost exports. The US has tried to impose trade sanctions on China in response.
Et news
The document discusses several topics:
1. The 2010 Commonwealth Games in Delhi were expected to result in an economic impact of $4.94 billion for India's GDP by 2012 and create nearly 2.47 million jobs.
2. Scientists at the University of Arkansas are developing a smart cane for the blind that uses 3D imaging and computer vision algorithms to provide spatial awareness to help navigate environments.
3. Sony will outsource some production of image sensors to Fujitsu to reduce costs and address competition while protecting its technology in Japan.
Et Slides
The government increased the interest rate on employees' provident funds to 9.5% but any amount over 8.5% will be taxed, reducing the actual benefit to workers. While the labor ministry intended the additional 1% as a gift, it will instead be taxable income. EPFO manages over 50 million provident fund accounts and faces issues with deducting taxes and providing tax forms for the higher interest amount. Finance Minister Pranab Mukherjee believes displacement due to mining should be addressed through compensation and making tribes beneficiaries of economic development, rather than stopping mining entirely. The government is considering having tribes receive 26% of mining project profits but differences remain within the government. Indian retailers like Titan and VLCC
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This document summarizes a study of distribution channels for Ralco Cycle Tyres and Tubes. It provides background on Ralson India Ltd and analyzes strengths, weaknesses, opportunities and threats. Key findings from dealer and OEM surveys include that replacement services need to be more speedy, prices could be decreased, inventory increased to meet OEM demand, and more discounts provided to dealers. The study had limitations of sample size representing only Punjab dealers and potential for incorrect dealer information.
This Week News
The RBI raised interest rates by 25 basis points to 6% and the reverse repo rate by 50 basis points to 5% to curb inflation. This will make loans more expensive for corporations and individuals while increasing deposit yields. Tata Steel supports the new mining bill's provision for miners to share 26% of profits with locals affected by projects. Bajaj Hindusthan plans to invest Rs. 10,000 crore to set up 1,980 MW of thermal power capacity in Uttar Pradesh as it diversifies from sugar. Genpact plans to enter West Asia to serve local clients, having signed contracts with Sabic and two Gulf financial services firms. SAIL's JV with Posco for a 3 million ton
This Week News
The RBI raised interest rates by 25 basis points to 6% and the reverse repo rate by 50 basis points to 5% to curb inflation. This will make loans more expensive for companies and individuals and increase deposit yields. Tata Steel supports the new mining bill's proposal for miners to share 26% of profits with locals affected by projects. Bajaj Hindusthan plans to invest Rs. 10,000 crore to set up 1,980 MW of thermal power capacity in Uttar Pradesh to diversify from sugar. Genpact plans to enter West Asia to serve local clients in financial services based on its relationship with GE, and has signed contracts with two West Asian financial services clients and a Saudi chemicals company. SA
This Week News
The Reserve Bank of India raised interest rates by 25 basis points to 6% and reverse repo rate by 50 basis points to 5% to curb inflation. This will make loans more expensive for corporations and individuals while increasing deposit returns. Lenders are expected to review lending and deposit rates in response. The narrowing of rates between repo and reverse repo aims to increase stability in overnight lending between banks.
Ridhi
Ridhi Sood is pursuing an MBA and has experience in team building, communication, and motivating others. She has a BSc in medical science and is optimistic, hard working, and adaptable. Her objective is to join an organization that will help her grow professionally.
Ridhi
Ridhi Sood is pursuing an MBA and has experience in team building, communication, and motivating others. She has a BSc in medical science and is optimistic, hard working, and adaptable. Her objective is to join an organization that will help her grow professionally.
Ridhi
Ridhi Sood is pursuing an MBA and has experience in team building, communication, and motivating others. She has a BSc in medical science and is optimistic, hard working, and adaptable. Her objective is to join an organization that will help her grow professionally.
Ridhi
Ridhi Sood is pursuing an MBA and has experience in team building, communication, and motivating others. She has a BSc in medical science and is optimistic, hard working, and adaptable. Her objective is to join an organization that will help her grow professionally.
This week et news
Samsung raises its 2010 smartphone sales target to 25 million units from an original target of 18 million due to the popularity of its Galaxy S Android-based smartphone. Samsung does not plan to introduce new models to replace the Galaxy S during the holiday season, hoping sales of the model will continue strongly. The new direct tax code could significantly increase the number of global Indians subject to tax in India by changing the definition of tax residency to include individuals staying in India for over 60 days. This may impact many non-resident Indians. Indian IT companies oppose a proposed increase in visa fees for H1B and L1 visas, which they estimate could cost them $200-250 million per year as most have over half their workforce from
This week et news
Samsung raises its 2010 smartphone sales target to 25 million units from 18 million due to the popularity of its Galaxy S Android-based smartphone. It does not plan to introduce new models this year, hoping Galaxy S sales remain strong. The new direct tax code could significantly increase the number of global Indians subject to tax in India by changing the rules around tax residency and eliminating a loophole. It is expected to take effect on April 1, 2012. Indian IT companies oppose a proposed increase in visa fees for H1B and L1 visas, which they say would increase their costs by $200-250 million per year as most have more than half foreign workers.
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Et slides
- 1. ET News. RIDHI SOOD
- 2. Satyam to delist from NYSE next month
- 3. Title
- 4. Celebrations cut short, extra 1% EPF interest to be taxed THE government’s surprise gift for workers isn’t much of a gift after all. The labour ministry has hiked the employees’ provident fund, or EPF, rate to 9.5%, but a finance ministry notification says that anything in excess of 8.5% will be taxed. Labour Minister MallikarjunKharge had declared a 9.5% bonanza on provident fund deposits on September 15 .
- 5. But the Central Board of Direct Taxes had notified a tax-free PF rate of 8.5% for 2010-11 — effective from September 1. This means that the 1% extra income (or Rs 1,700 crore) that the labour ministry has projected as a gift to the workforce, would be fully taxable. Even if EPFO could deduct tax at source ,it would also have to give workers aForm 16 statement and acute problem will be faced by the Employees’ Provident Fund Organisation – which manages 5 crore PF accounts.
- 6. EPFO board members, however, are confident that the Income tax department would reconsider its decision.
- 9. Indian retailers chase global footprint
- 10. COO — watches at Titan Industries, Harish Bhat, says “ We intend to be one among the top three watch brands across these countries by 2015,” . Titan has grown more than 75% in Vietnam, where it is now chasing Seiko and Casio as the third largest watch brand by market share.
- 11. VLCC has set up 18 centres predominantly in the UAE. It intends to boost this with 10 centres this fiscal year across Qatar, Bangladesh, Sri Lanka, Malaysia and Singapore, among others.
- 12. Pranab launches pension scheme for unorganised sector.
- 13. Thank You