Clipped from: https://www.businesstoday.in/current/economy-politics/fdi-hike-in-insurance-lic-ipo-privatisation-state-run-insurers-credit-positive-moodys/story/430211.html Lenient FDI regulations, listing of LIC, and privatisation of a government-owned general insurer should benefit the broader domestic insurance market as these entities
Day: February 4, 2021
Budget provides broad support; fiscal consolidation prospects still weak: Moody’s
Clipped from: https://www.businesstoday.in/current/economy-politics/budget-provides-broad-support-fiscal-consolidation-prospects-still-weak-moodys/story/430212.html Moody’s expects India’s nominal GDP growth to rise close to 17 per cent in fiscal 2021, higher than 14.4 per cent pegged in
No rethink on Google tax, clarity on NRI tax residency once travel resumes: CBDT chief
Clipped from: https://www.businesstoday.in/current/economy-politics/no-rethink-on-google-tax-clarity-on-nri-tax-residency-once-travel-resumes-cbdt-chief/story/430217.html On the direct tax collection targets for 2021-22, CBDT Chairman PC Mody said that the projections are “realistic and not ambitious”; we are
Wanted, visionary entrepreneurs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/wanted-visionary-entrepreneurs/article33742560.ece In a free market system, the private sector has to get into the driver’s seat and step on the gas – Feodora Chiosea
Health as well being – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/more-ground-work-is-needed-to-achieve-the-commendable-goal-of-framing-a-holistic-health-policy/article33742399.ece More ground work is needed to achieve the commendable goal of framing a holistic health policy It is hard to argue against Finance
Budget move to tax PF contributions of over ₹2.5 lakh/year ‘raises retrospectivity questions’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/budget/budget-move-to-tax-pf-contributions-of-over-25-lakhyear-raises-retrospectivity-questions/article33742595.ece?homepage=true Experts say it is no clear how the past contributions will be treated The Budget proposal to tax provident fund contributions above ₹2.5
Equalisation levy: Finance Bill clarification to bring more players under the net – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/equalisation-levy-finance-bill-clarification-to-bring-more-players-under-the-net/article33742923.ece?homepage=true I-T Dept says new taxpayers to pay dues for last two quarters The clarification in the Finance Bill, 2021 on the equalisation levy
Tariff uncertainty | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/tariff-uncertainty-121020302021_1.html Tinkering with rates will put off investment and hurt exports Another Union Budget has deepened the turn towards protectionism, which began a few years ago.
Growth through ease of compliance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/growth-through-ease-of-compliance-121020302057_1.html Compliance procedures need rationalisation and integrated digital systems During the annual Budget exercise, we are so taken with concerns about expenditure and resource
A growth-focused, credible Budget – The Financial Express
Clipped from: https://www.financialexpress.com/budget/union-budget-2021-a-growth-focused-credible-budget/2187334/ Union Budget 2021 India: Transparent and realistic projections will reduce uncertainty-premium Indian Union Budget 2021-22: The Union Budget FY22 clearly chose to boost
Investments in agricultural infrastructure will pay off – BUDGET 2021: The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2021-investments-in-agricultural-infrastructure-will-pay-off/2187330/ Union Budget 2021 India: The Budget provisions in the agricultural sector, implemented with enthusiasm and spirit, will boost investments, promote diversification and raise
Kishore Biyani barred from accessing securities market in insider trading case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-bars-future-group-ceo-kishore-biyani-from-accessing-securities-market-for-1-year/articleshow/80670987.cmsSynopsis Kishore Biyani won’t be allowed to buy, sell or deal in securities of Future Retail for two years. MUMBAI: India’s market regulator on Wednesday barred Future
Few mid, emerging corporates opt for RBI’s one-time restructuring: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/few-mid-emerging-corporates-opt-for-rbis-one-time-restructuring-report/articleshow/80669035.cmsSynopsis India Ratings and Research said only 5 per cent of its rated 450 issuers in the mid and emerging corporates (MEC) space had
Sitharaman’s bad bank plan sparks concern loan prices could be inflated – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sitharamans-bad-bank-plan-sparks-concern-loan-prices-could-be-inflated/articleshow/80662384.cmsSynopsis There are many details about the bad bank that policy makers haven’t clarified, including its ownership structure, which makes any analysis challenging. But
Bharti Airtel Q3 results: Telecom giant returns to black, reports net profit of Rs 854 cr; revenue grows 6% – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/earnings/bharti-airtel-q3-results-telecom-giant-returns-to-black-reports-net-profit-of-rs-854-cr-revenue-grows-6/articleshow/80668809.cmsSynopsis The company’s consolidated revenues in the quarter grew 6 per cent quarter-on-quarter to Rs 26,517.8 crore. MUMBAI: Bharti Airtel today reported a consolidated net
Hdfc Ltd.: Expansion of HDFC margins unlikely in Q4: Keki Mistry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/expansion-of-hdfc-margins-unlikely-in-q4-keki-mistry/articleshow/80671035.cmsSECTIONSExpansion of HDFC margins unlikely in Q4: Keki MistryLast Updated: Feb 03, 2021, 06:43 PM ISTSynopsis There may not be scope for margin expansion
MCA amends definition of small companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/union-budget-2021-live-news-nirmala-sitharaman-updates-february-03/liveblog/80661895.cms MCA amended the Companies Rules to revise the definition of a small company and to allow non-resident Indians (NRIs) to incorporate one person
Tax rate stability key, Budget not time for tinkering, says finance secretary–the economic times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/tax-rate-stability-key-budget-not-time-for-tinkering-says-finance-secretary-ajay-bhushan-pandey/articleshow/80663570.cmsSynopsis Increased sharing of info between different arms of the govt and banks has made hiding income or evading tax an increasingly difficult task,
It is a mind-blowing Budget, at least for me: Arvind Panagariya – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/it-is-a-mind-blowing-budget-at-least-for-me-arvind-panagariya/articleshow/80671802.cmsSECTIONSIt is a mind-blowing Budget, at least for me: Arvind PanagariyaLast Updated: Feb 03, 2021, 07:47 PM ISTSynopsis The kind of reforms that we
Budget Impact on Companies: Goodwill depreciation out; companies face higher tax outgo
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/goodwill-depreciation-out-cos-face-higher-tax-outgo/articleshow/80659732.cmsSynopsis The proposal would influence some of the ongoing M&A deals and discussions on taking over companies going through bankruptcy proceedings. Many companies will
