The best solution would be the one followed in 2018 -- allow cost indexation until March 31, 2024 -- but exit at any time. The second-best alternative would be to allow time until March 31, 2025 for investors to exit their investments under the old indexation regime, points out Harsh Roongta.
Markets regulator Securities and Exchange Board of India (Sebi's) measures to curb speculative activity in the Rs 450-trillion-a-day futures and options (F&O) market is not a case of "throwing the baby out with the bathwater," whole-time member (WTM) Ananth Narayan said on Friday. "As a regulator, we are conscious that we must not throw the baby out with the bathwater. "When it comes to frenzied trading in options nearing expiry, however, it is difficult to see any baby in this bathwater," he said while delivering his address at the 21st FICCI Annual Capital Markets Conference.
Few finance ministers announce any taxation measure that could upset the stock market. Ms Sitharaman decided to take that risk, observes A K Bhattacharya.
'There's significant interest from both existing and new sponsors who recognise the value of associating with Olympic athletes.'
But if the reports are found to be wrong, those who made these allegations against him should quit politics, he challenged the leaders from the Opposition parties, as he alleged that efforts were on to defame him.
'Except that the population was much less.' 'I remember my uncle and family moving away from the base of a hill whenever it rained for more than a couple of days without a dry day in between.' 'Perhaps the older generations knew if it rained for more than a certain time, they must pack up to a camp or to a relative.' 'As some of the interviews of the survivors on the Malayalam television channels show, the elderly people had a premonition a tragedy would happen, and those who acted on those premonitions survived.'
'Since there is no photo-op, or quick fix solutions, politicians do not want to address climate change. It is very unfashionable.'
Khamenei, who has the last word on all state matters and is also the commander in chief of the armed forces, instructed military commanders from the Revolutionary Guards and the army to prepare plans for both an attack and a defence in case the war expands and Israel or the US strike Iran, the officials said.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
Twenty-three million tuned in to watch the opening ceremony in France - more than for matches in the Euro 2024 soccer championship.
It is advisable to file your ITR right away and not rely on potential extensions.
IPL's Governing Council will have a meeting with the owners of all 10 franchises in Mumbai on Wednesday to discuss the various key issues of this year's players auction.
rediffGURU Anil Rego answers readers' personal income tax queries.
Neeraj Chopra will have a special supporter at the Paris Olympics: a Kerala cyclist who has travelled all the way from Calicut, riding more than 22000 kilometers over two years.
A few students were detained after they staged a protest in Old Rajinder Nagar in New Delhi on Sunday, demanding action against those responsible for the deaths of three civil services aspirants at a coaching centre in the area, and compensation for their families.
The Congress on Sunday called for fixing accountability over the death of three IAS aspirants due to waterlogging in a building in Delhi with Rahul Gandhi asserting that common people are paying the price for irresponsibility of institutions at every level.
However, the 6,000-odd athletes, 3,000 performers, 300,000 spectators and dozens of world leaders had to endure heavy rain for much of the event.
They were each handed a torch in the Jardin des Tuileries after several top sporting names, including French soccer great Zinedine Zidane, Spain's 14-times French Open tennis champion Rafael Nadal, American 23-times Grand Slam winner Serena Williams and Romanian gymnastics great Nadia Comaneci.
Styris did not have any doubt over Pandya's talent but the Kiwi wanted him to infuse more consistency into his performances.
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
Public-sector lenders Indian Overseas Bank (IOB) and Uco Bank are likely to raise funds through qualified institutional placement (QIP) next month. Punjab & Sind Bank is likely to follow suit later this financial year to meet the public shareholding norm of 25 per cent. When a public-sector unit raises funds through QIP, the money goes to the company because it involves issuing new shares whereas in the case of offer for sale (OFS), the money raised goes to the government because its shares are sold.
The CAS banned teenage figure skater Kamila Valieva in January for four years for doping, effective from December 2021, a decision that also stripped the Russian Olympic Committee of its gold medal in the team event at the 2022 Games, nearly two years after the competition.
The Jaishankar-Wang talks came amid the dragging border row in eastern Ladakh that entered its fifth year in May.
'We have now drastically simplified it, primarily to two rates in long-term capital gains: 20% and the applicable rates. Similarly, in short-term capital gains.' 'For listed shares, there is a slight increase, but for unlisted shares, where indexation benefits are removed, there is a reduction in rates, benefiting unlisted companies, venture capital firms, etc.' 'Similarly, in real estate, wherever returns are higher, the new structure is beneficial. In very few cases, returns are lower, and those are more of an exception.'
NEET is a court-ordered examination, supposedly aimed at meritocracy. However, over the past years when the incumbent Narendra Modi government at the Centre began implementing it, it took on political and casteist colours, observes N Sathiya Moorthy.
'In women's singles now, there are a lot of long rallies and long matches, being consistent. I am confident in that now.'
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
From 11-year-old to 60-plus, Olympics is playground for all
Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from investing in the risky instrument.
The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
Despite the rally in equities over the last few years, India, according to Christopher Wood, global head of equity strategy at Jefferies, is still in early stages of an equity cult. Any changes to the capital gains tax for equities - both long-term and short-term - in Budget 2024 scheduled to be announced on July 23, he believes, can trigger a bigger correction that what the markets witnessed post the Lok Sabha election outcome on June 4 that saw the Bharatiya Janata Party (BJP) lose majority, though it was able to form the government with the help of coalition partners.
India no longer needs big ticket reforms but small and basic ones to drive the growth forward, Chief Economic Advisor V Anantha Nageswaran said on Monday. Addressing the media after the Economic Survey 2023-24 presented in Parliament, Nageswaran said there is a need to pursue all possible approaches without any ideological orientation. "In terms of the kind of reforms that we need to do, it is no longer big-ticket reforms that dominate your front pages but more about grunt works.
Capital markets are becoming more prominent in India's growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation, according to the Economic Survey 2023-24 tabled in Parliament on Monday. Further, Indian markets are resilient to global geo-political and economic shocks, it added. "Despite heightened geo-political risks, rising interest rates and volatile commodity prices, Indian capital markets have been one of the best performing among emerging markets in FY24," the Economic Survey said.
'Pakistan is a nuclear country.' 'With the kind of situation that is there in Pakistan today, America will help Pakistan stay afloat.'
Banerjee also appealed to the people of West Bengal not to get provoked over matters concerning the current situation in Bangladesh.
Singh's comments come just a day after India's foreign coach Baek Woong Ki was denied accreditation for the Games. The Korean, who had reached the French capital with the Indian team after overseeing its preparation in Marseille, said on Saturday that he "was removed from the Olympic coaching role at a critical time" and will now be flying back to India with his return ticket already booked.
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
The consistently heavy downpour of films, shows, events, videos and whatnot is causing economic disruption.
Unlike for previous Olympics, the Paris 2024 opening ceremony will not take place in a stadium.
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