Expected return on investment

FM Nirmala Sitharaman breaks Budget 2023 down in an exclusive interview with Network18. While giving a boost to the new income-tax regime, the government has set no time frame to phase out the older tax regime that offers popular exemptions and deductions under various sections, said Finance Minister Nirmala Sitharaman, in an exclusive interview with Network18 Group Editor Rahul Joshi . Sitharaman stressed that the new tax regime offers reasonable tax rates and simpler compliance. The new tax regime, which offers lower tax rates but minimal exemptions, was introduced in Budget 202 0. “The Prime Minister was clear that the tax-payer should know how much they are paying actually and feel the comfort of not paying much and file tax returns from the comfort of their home,” she said. She expects around 50 percent of tax-payers in "certain layers" to switch to the new tax regime voluntarily. With the new income-tax regime having completed three years, and the FM making big … [Read more...] about FM Nirmala Sitharaman interview | New tax regime the future, old tax regime to stay

The Economic Survey 2022-23 was tabled in Parliament by Finance Minister Nirmala Sitharaman on Tuesday. The document, prepared by a team of economists led by chief economic adviser V Anantha Nageswaran, analyses developments in the economy in the past year and makes projections for the following year. Here are some of the key takeaways. Growth - The Indian economy is expected to expand 7 percent in real terms in 2022-23, following the 8.7 percent growth in 2021-22. The survey notes that the economy had staged a full and broad-based recovery in 2021-22 and was positioned to ascend to the pre-pandemic growth path. Inflation - India’s retail inflation rate peaked at 7.8 percent in April 2022, above the Reserve Bank of India’s (RBI) upper tolerance limit of 6 percent. The overshoot of inflation above the upper end of the target range in India was, however, one of the lowest in the world. Read More Fiscal developments - The government’s finances showed a … [Read more...] about A quick guide to the Economic Survey 2022-23

Share to Twitter Share to Linkedin Key takeaways Meta announced $32bn in revenue for Q4, beating analysts’ expectations The earnings report this week was laser-focused on solving problems, marking a shift away from CEO Mark Zuckerberg talking about the Metaverse Heavy hints towards further streamlining Meta’s workforce, amongst other cost-cutting plans, caused its share price to jump 20% in a day Meta has reported $32bn revenue recorded for Q4, beating all estimations and putting other Big Tech companies on notice. CEO Mark Zuckerberg’s talk of further efficiencies and cost-cutting measures, with a hint of future layoffs, was a notable departure from his previous double-down on the Metaverse, a fairly theoretical and money sink for the company yet to pay off. Wall Street responded in turn with a massive 20% jump in Meta’s share price, one of the biggest gains in Meta’s history. This is in sharp contrast to other tech companies with more … [Read more...] about Meta Rumored To Make Further Layoffs, Prompting Surprising Market Reaction

Share to Twitter Share to Linkedin Billionaire Mark Cuban says President Trump is wrong to the think the economy can open up as early as May 1. And when it does open, it will take years to return to post-pandemic norms. “I wish he was right, but he’s not,” Cuban said in an interview on Sunday with Chris Wallace of FOX News Sunday. “People aren’t going to just venture outside. They're not going to go to large gatherings. They're not going to feel confident right off the bat. There’s going to be a lot of trepidation. And that concern is going to lead to people holding back on spending money,” he says. Some people are appalled by the rising stock market as unemployment explodes — over 16 million people have filed for unemployment in just 15 business days due to mandated government shutdowns of business. Retail, restaurants, travel, sports and entertainment have been particularly hard hit. “It speaks of a vast transfer of wealth orchestrated by the … [Read more...] about Mark Cuban Says Economy Will Never Be The Same Post-Pandemic