Blog about Financial Education, Advisory & Planning
“Retrospective Taxation”, these two words have roiled foreign investors looking at India over the years, and led to multiple disputes between the Indian government and global majors like Vodafone and Cairn. Going back in history, in May 2007, Vodafone bought majority stake in Hutchison Whampoa for $11 bn. The Indian government has raised a demand of Rs 7,990 cr …
This year’s Union Budget 2021, slated to be presented on 1st February 2021, is going to be completely paperless in the wake of the corona pandemic, as the Budget papers will not be printed and only the digital copies will be circulated. India’s Finance Minister Nirmala Sitharaman has described her upcoming budget as unlike anything …
Budget Expectations – ‘unlike anything seen in the last 100 years’ Read More »
Nirmala Sitharaman introduced new slabs and reduced the tax rate for different slabs for an individual income of up to Rs 15 lakh. In addition she removed dividend distribution tax (DDT), again in line with recommendations of the panel set up for Direct Tax Code (DTC). These are probably initial steps towards implementing DTC in …
Regtech- Regulatory technology is a term used to refer to any and all technology designed to help financial services companies maintain regulatory compliance. Most solutions are focused on maintaining compliance with know your customer (KYC) and anti-money laundering (AML) regulations. The term is generally used as a subset of fintech, the blanket label for any technology …
GIC Housing Finance Ltd (GICHFL) incorporated in 1989, is a housing finance company initially started with the name “GIC Grih Vitta Ltd” which was later changed to its present name in 1993. Promoted by General Insurance Corporation of India along with its subsidiaries National Insurance Co Ltd, The New India Assurance Co Ltd, The Oriental Insurance Co Ltd & …