On disinvestment, Kant said the government is on tract as far as stake sale in BPCL, CONCOR and privatisation of Air India is concerned.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Govt determined to take country on high growth path: Amitabh Kant
The new findings—from an EPI and Capital & Main analysis of the most recent U.S. Census data—offer a stark departure from Trump’s characterization of how well middle-class Americans are faring as the country heads into the thick of its primary season. In his State of the Union speech last month, he declared his economy to be “the best it has ever been.” In fact, the analysis found that: … [Read more...] about Under Trump, income growth slows across U.S., including in battleground states
“There are signs of continuing resolution of stressed assets in the banking sector as reflected in decline in NPA to gross advances ratio as on December 2018, which should push the capex cycle,” pointed out the Economic Survey released on July 4. … [Read more...] about Economic Survey 2019: Decline in banks’ bad loans to help push capex cycle
"The impact of the Coronavirus outbreak may last long (if several global news flows are to be believed). Several agencies are working fast towards finding a solution, while China, I believe, has taken some hard measures (which only they could) to contain the spread to other countries. This, coupled with increasing temperatures due to the upcoming summer, should start easing the further spread. However, I believe an impact of 3 quarters will definitely be visible due to this outbreak," Vinay Pandit – Head, Institutional Equities, IndiaNivesh told Moneycontrol. … [Read more...] about Seventy stocks gain in double digits despite Coronavirus hangover on market
As a category, arbitrage funds too would get affected by the new proposal. These funds use arbitrage opportunities between cash and derivative markets to earn their returns. Sold as an alternative to liquid schemes with the ability to earn about 6-7 percent returns, arbitrage funds come with the advantage of equity taxation. This is because arbitrage opportunities are managed in the equity market. Typically, institutions and the upper crust of high networth individuals use arbitrage funds to save on tax. “Up until now (and since Budget 2018 when former finance minister Arun Jaitley had also introduced a DDT of 11.648 per cent, including surcharge and cess), dividends from equity funds were taxed at a lower rate than the short-term capital gains tax rate of 15.60 per cent (including surcharge and cess). This made dividend plans attractive for many investors,” says Vinod Jain, Principal Adviser, Jain Investment Planner, a Mumbai-based distributor of financial products. Fund … [Read more...] about DDT abolished: Should investors now avoid dividend plans of MFs?