“To my mind there should be four broad themes of the Budget. The first should revolve around job creation. Housing is one of the biggest job creators in the economy, so we will talk about housing in a bit. The second area for the focus should be on capital market reforms. Third area of the focus should be on re-alignment of personal tax rates - particularly to my mind, the withdrawal of the high surcharge, which was introduced last year on high tax payers because that is slowing down consumption, and the forth focus area should be the rural economy. These are the four broad focus areas,” he said. … [Read more...] about Budget 2020: Focus should be on job creation and capital market reforms, says HDFC’s Keki Mistry
Fact check trump address
"As businesses become increasingly digital, India's digital taxation model needs to be globally aligned for the future," USISPF said, adding that it has put forth industry recommendations to improve ease of doing business, tax guidelines, GST compliance, CSR spending and digital taxation framework. … [Read more...] about India-centric biz advocacy groups seek reduction in tariffs, more reforms
The Indian rupee appreciated by 0.45% for the third day this week to 71.21 against the US dollar. The pair consolidated from a two week high of 71.40 amidst fears surrounding the outbreak of China’s coronavirus weighing on the trading sentiment and strengthening of the counterpart currency. … [Read more...] about USD-INR: Watch out for these 3 factors this week
The Corona virus is understood to have been initially transmitted from animals (possibly snakes and bats) -- just as SARS that spread from civet cats, and MERS from camels. It is contagious and what makes the transmission difficult to contain at the initial stage is the fact that its incubation period i.e. time from exposure to developing symptoms is about 3-10 days. Researchers at Northeastern University and Imperial College London estimate that the number of actual infections may be 10 times more than the reported confirmed cases due to this incubation period. … [Read more...] about The Corona virus scare: What’s in it for investors?
The spend on MNREGA has been around Rs 60,000 crore. This will need to be enhanced as stagnant rural wages and underemployment is believed to be one of the root causes of the current slowdown. There should be more budget outlay for rural employment scheme like MNREGA. This will provide a push to the rural economy , demand and growth. … [Read more...] about Sri Sri Tattva’s Arvind Varchaswi pins hopes on Budget 2020 to revive demand