However, Deshmukh said the issue will come up for deliberations in the January 22 cabinet meeting. “We have to see how much the city police will be burdened if shops, eateries and malls are kept open through the night. After detailed deliberations, a decision will be taken,” Deshmukh told reporters. … [Read more...] about Final decision on keeping Mumbai’s malls, shops open 24X7 to be taken on January 22
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The development comes as collections from the tax were nowhere near the expected Rs 40,000 crore per annum expected by the government, while investor forums have pointed out that most developed markets, which compete with India for capital, do not tax LTCG, the sources added. … [Read more...] about Centre may scrap LTCG tax, rework holding period to two-years
In the sport mode (to keep up with the city traffic on highways) the Chetak’s mileage drops to 85 kms. It will take 5-6 hours to fully charge the vehicle consuming 4-5 units of electricity. With each unit costing Rs 5-6 the running cost of Chetak per kilometer comes to Rs 0.3. … [Read more...] about This week in Auto: Bajaj Chetak launced; Comparison between Chetak and Activa
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about ‘Budget 2020 crucial for realising $5 trillion economy dream’
What does it mean for the sector?With the government going a tad slow on capital expenditure, it might hit sentiment in the near term. One might see stocks from the construction space commanding relatively lower valuations.One should also understand that most of these companies are currently sitting on order book of close to three times their annual sales, which is one of the highest in the recent history, thereby providing strong revenue visibility. Many of the companies are now focusing on execution rather than piling more orders, which will only block capital and risk the balance sheet. Against this backdrop, a short-term pause in the public sector capex cycle should not be a cause for excessive worry. … [Read more...] about Union Budget FY19-20: Infrastructure ignored or overlooked?