The Government of India has announced the buyback of its securities through auction for an aggregate amount of ₹25,000 crore (face value), announced Reserve Bank of India (RBI) on Friday. The G-securities with coupon rate of 7.72 percent will mature on May 25 next year. The securities with coupon rate of 5.22 percent will mature … Read more
Indian government bonds with a combined nominal value of $330 billion will be included in JPMorgan Chase & Co.’s emerging markets bond index effective 28 June. This will make India’s bond market the 25th to join the widely tracked index since it was launched nine years ago. JPMorgan announced in September that it would include … Read more
Schedule AL was introduced in 2016 after the discontinuation of the wealth tax. Prakash Hegde, chartered accountant at Acer Tax & Corporate Services LLP, explains, “The government wanted a monitoring system to check if the value of a taxpayer’s assets corresponds to the income earned by them. Thus, Schedule AL was introduced.” To help taxpayers … Read more