Remove long-term capital gains tax exemption: BSE

Remove long-term capital gains tax exemption: BSE

  Mumbai, Dec 1: One of the most important stock market participants is making a case for reinstating of long-term capital gains (LTCG) tax on equity investments. According to sources, the BSE has made a presentation to the Union finance ministry that LTCG exemptions cause huge revenue loss to the government and also lead to […]

GST made doing business easier for traders, says Jaitley

  New Delhi, Dec 1: Finance Minister Arun Jaitley today said the Goods and Services Tax (GST) has made doing business easier for traders by expanding the market place and reducing tax compliance burden. He further said that the two structural reforms — GST and demonetisation — will benefit the economy in the medium and […]

Sensex tanks 453 points on fiscal deficit woes, F&O expiry

  Mumbai, Nov 30: The Sensex tumbled over 453 points — its biggest single session fall in one year — to close at 33,149.35 on widespread selling triggered by widening fiscal deficit concerns. India’s fiscal deficit rose to 96.1 per cent of the full-year target by the end of October. It was marginally lower at […]

‘Indian banks 2nd only to Chinese counterparts in exposure to risks’

‘Indian banks 2nd only to Chinese counterparts in exposure to risks’

  New Delhi, Nov 30: Indian banks’ exposure to risks has risen and is now second only to those in China in the Asia-Pacific (APAC) region due to large loans given to businesses having poor repayment capacity, ratings agency Moody’s Investors Services has reportedly said. The Moody’s report said that while India’s overall credit penetration […]

Fiscal deficit reaches 96% of FY18 target at October-end

  New Delhi, Nov 30: India’s fiscal deficit at the end of October hit 96.1 per cent of the budget estimate for 2017- 18, mainly due to lower revenue realisation and rise in expenditure. In absolute terms, the fiscal deficit — the difference between expenditure and revenue — was Rs 5.25 lakh crore during April-October […]

Sebi orders forensic audit of Svam Software amid crackdown on shell cos

Sebi orders forensic audit of Svam Software amid crackdown on shell cos

New Delhi, Nov 29: Markets regulator Sebi has ordered a forensic audit of Svam Software, which figures among 331 suspected shell companies, after finding prima facie evidence of misrepresentation of financials by the firm. While calling for the forensic audit, the Securities and Exchange Board of India (Sebi) has lifted the trading restrictions imposed on […]

Govt has not waived any loans of big NPA defaulters: Jaitley

Govt has not waived any loans of big NPA defaulters: Jaitley

  New Delhi, Nov 29: The government has not waived any loans of big NPA defaulters, Finance Minister Arun Jaitley said today dismissing rumour that loans of capitalists are being written off by banks. In a blog, Jaitley said that over the last few days, a rumour is being propagated regarding waiver of loans of […]

Analysts forecast better Q2 show with a GDP print of 6.4%

Analysts forecast better Q2 show with a GDP print of 6.4%

  New Delhi, Nov 29: Analysts are expecting an higher dataprint for the September quarter GDP that will be announced tomorrow, with some of them pegging it at 6.4 per cent, after the disappointing performance in the preceding quarter. “The first quarter growth at 5.7 per cent–a three- year low–did cause a lot of heartburn, […]