union budget

direct tax code

Budget 2020-21- Moving towards direct tax code

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 …

Budget 2020-21- Moving towards direct tax code Read More »

budget 2020-21

Union Budget 2020-21- High expectations

The Union Budget 2020-21 was presented on 1st February 2020 amidst a very challenging economic environment. Although it was not acknowledged explicitly, the budget appears to have realized the fiscal limits. Not surprisingly then, it did not excite the market, where expectations were running very high. There were evidently a lot of expectations from the …

Union Budget 2020-21- High expectations Read More »

promoter holding

Reduction in promoter holding- much ado about nothing

Finance Minister Nirmala Sitharaman, in the latest Union Budget, proposed to reduce the promoter holding of listed shares from the current 75% to 65%. SEBI is likely to examine the same. However, it is only a proposal for now. Even if implemented it is likely to be over a few years’ time & unlikely to …

Reduction in promoter holding- much ado about nothing Read More »

budget 2019

Budget 2019 wish list: Spur growth

This being the first union budget under the new government & given the fiscal situation in India we are unlikely to see any major tax cuts or sops being given. The budget must clearly focus on giving the flagging economy a stimulus and increasing government spending. The new government must focus on reducing tax disputes, …

Budget 2019 wish list: Spur growth Read More »

Stock market update

Stock market update: Second Term Calling…

The NDA led by the BJP came back to power for the second term on 23rd May 2019, this time with a bigger mandate as the BJP on its own won in excess of 300 seats. NIFTY touched an all-time high of 12,103 while SENSEX touched a high of 40,312. Both the NIFTY & SEXSEX …

Stock market update: Second Term Calling… Read More »