Market had expected, considering the elections, that the government might overshoot the fiscal deficit by 20-30 bps. However the government net borrowing of Rs 4.73 lakh crore in 2019/20 and gross market borrowing of Rs 7.1 lakh crore INR were higher than expected. Debt market reacted slightly negatively with yields spiking by 8-10 bps on 10 year G-Sec. The cumulative effect of the cash transfer to the farmers and the middle income class will be a boost to consumption, but at the likely cost of crowding out private investments. … [Read more...] about Budget 2019: An Election Agenda?
The Centre may scrap the long-term capital gains (LTCG) tax, which was introduced in Budget 2019, to attract foreign investment. The government has approach tax advisors for the same and may remove LTCG tax entirely or only on listed equities, The Economic Times reported. … [Read more...] about Centre may scrap LTCG tax, rework holding period to two-years
But an indoors grand slam looks some distance away, although McEnroe favours the idea. “It (an indoors grand slam) would be a tremendous addition to the sport,” said McEnroe on the call. How about a ‘best-of-3 sets’ to help the players in case the smoke gets too much? “I don’t see that happening. The grand slams, three of the four, have already introduced tie-breaks in the final set; I can’t figure out why the French Open hasn’t still done it. So that has shortened the matches a bit. But the top men’s players, I don’t think they would like the idea of best-of-3 sets; a best-of-5 set scenario decreases the chances of something bad happening to them,” said McEnroe. … [Read more...] about Australian Open: Serena’s record pursuit and an aging Federer’s search for crowning glory
— Manchester City (@ManCity) November 28, 2019Get 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 Manchester City owners acquire ISL team Mumbai City FC
“The only greater moment I can think of is when we won the 2007 T20 World Cup and then the 2011 ODI World Cup. That moment was something special. The crowd, my teammates celebrated like it was their own hat-trick. For the first time, I saw Rahul Dravid celebrating like that. I will always say that is not my hat-trick, that is India’s hat-trick,” Harbhajan added. … [Read more...] about ‘Captain, my captain’: Harbhajan Singh credits Sourav Ganguly for his career