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
Developing real estate leads
Ever since long-term capital gains tax of 10 percent without indexation on profits made above Rs 1 lakh on the selling of equity shares and mutual funds were introduced in Union Budget 2018, the same has not gone down well with industry stakeholders. To infuse capital in the economy and boost investments, Budget 2020 should reconsider this provision. … [Read more...] about ‘Budget 2020 crucial for realising $5 trillion economy dream’
The silver lining here is that the railways, metro projects and defence still continues to be on the top of the government’s list. Metro projects have received an allocation of close to Rs 17,700 crore as against Rs 14,265 crore in the previous Budget. Similarly, railways has received budgetary support of close to Rs 64,600 crore as against Rs 53,000 crore in the previous Budget. Hence, within infrastructure and construction, investors got to be selective. … [Read more...] about Union Budget FY19-20: Infrastructure ignored or overlooked?
The Chetak has a running cost that is one fifth of the Activa. With so little moving parts the Chetak has negligible service cost. Besides being environment friendly the Chetak is also much quieter to run than the petrol powered two-wheeler. There is no need for an oil change while the brake pad maintenance required is very less. … [Read more...] about This week in Auto: Bajaj Chetak launced; Comparison between Chetak and Activa
All in all, the possibility of rolling out a big largesse is unlikely due to fiscal rigidities, especially against the backdrop of the corporate tax cut. How the government goes about implementing reforms will be a matter of deep interest. The next few years may see a jump in investments and it’s highly essential to have measures in place for ease of doing business. … [Read more...] about Budget 2020: What next after the corporate tax cut?