Portfolio management services (PMS) are navigating new challenges after the Union Budget for 2024-25 increased tax on long-term capital gains (LTCG) and short-term capital gains (STCG). As stocks are held in the investor’s demat account in PMS, every buy and sell decision of the PMS manager has a tax impact for the investor, unlike a … Read more
Managing consumer debt during the festive season requires strategic planning and disciplined spending to avoid financial stress. With the allure of discounts and special offers, setting a realistic budget for gifts, travel, and celebrations is crucial to prevent overspending. Financial experts suggest avoiding essential expenses, using credit cards cautiously, and understanding loan terms to ensure … Read more
Fixed-income investments such as fixed deposit (FD) interest, bond interest, and debt mutual funds are typically taxed at the marginal rate (slab rate). The 2023 budget had abolished the benefit of long-term capital gains tax or LTCG for debt mutual funds. However, there’s a notable exception in the tax system for certain bond transactions. If … Read more
The government will enable pooled private equity fund structures through VCCs, a system popular in tax-friendly jurisdictions such as Singapore and Mauritius. Mint explores the details of VCCs and how they are likely to be attractive to overseas investors. What are variable capital companies? Unlike typical funds where investors share risks and rewards uniformly, a … Read more
In its first budget since returning to power with a reduced majority, the Bharatiya Janata Party-led government has made job creation a central focus, introducing financial incentives aimed at expanding formal-sector employment. Although the specifics of the three targeted schemes are still pending, they primarily offer financial benefits to both first-time employees and employers. Despite … Read more
New Delhi: Simplification of direct and indirect tax regimes was the focus of the Union budget for FY25, senior finance ministry officials said on Friday. The goal of the government was not to increase or reduce taxes, but to simplify the process of paying taxes for individuals and businesses, to promote ease of doing business … Read more
One, finance minister Nirmala Sitharaman emphasized in her budget speech that the government is keen to ensure that all Indians—irrespective of religion, caste, gender or age—enjoy the fruits of economic prosperity. There is a special focus on employment, skilling, MSMEs and the middle class. Two, and more importantly, her development measures and aspirations are undergirded … Read more
Mumbai: The government’s next digital public infrastructure (DPI) project, following the success of Aadhar and UPI, among others, is set to transform the agriculture sector in the country, experts said. As per the Union Budget 2024-25, presented by finance minister Nirmala Sitharaman on Tuesday, the government is preparing to implement Agri Stack, the DPI for … Read more
The real estate sector was one of the worst performers on July 23, following the announcement in the Budget 2024 to remove indexation benefits associated with the sale of property. The Nifty Realty index fell nearly 2 percent, contrasting with a flat Nifty. During her budget speech, Finance Minister Nirmala Sitharaman announced a reduction in … Read more
Economic Survey 2024: The Indian economy has seen significant growth through reforms in recent years, but it faces several challenges. Four of these were listed by Chief Economic Advisor V Ananta Nageshwaran and his team in their “mini Economic Survey” ahead of the Interim Budget in January 2024. These could be addressed in the upcoming … Read more