In what could be a big positive move for the markets if accepted, the Direct Tax Code (DTC) Panel suggested peak income tax rate to be pegged at 20%. The long awaited DTC Panel report has recommended 3 rates of tax at 5%, 10% and 20%, effectively making Read more [...]

The sharp rally in the Sensex and Nifty on Monday was more than the wildest expectations of most traders. After a tepid start, the short covering in banks and financials took the markets sharply higher on Monday. Global cues need to be watched Read more [...]

The Bimal Jalan panel report is finally out and the RBI has approved Rs.176,000 crore capital transfer bonanza for the Indian government. In a decision that has been under some degree of dispute in the last few months, the RBI approved the transfer of Read more [...]

The FPI tax boost and the auto / NBFC sector boost are likely to impact the market sentiments on Monday. However, with F&O out of the ambit of exemption, the benefit for FPIs could be limited. However, auto sector may benefit overall. Apart Read more [...]

FPIs get tax surcharge relief, but experts wary of concrete benefits on derivatives. In line with the demands of market players, the finance minister announced late on Friday that the additional surcharge will not be applicable on any form of capital Read more [...]

News Announcement Impact Analysis Nirmala Sitharaman announces relief for FPIs and NBFCs The government has officially announced that the capital gains will be exempt from the tax surcharge In a push to NBFCs, the government gave Read more [...]

In the last couple of years, SEBI board meetings are becoming a key forum for important regulatory decisions. The last SEBI board meeting on 21st August made important shifts in 4 key areas. Simplifying FPI investments   That was perhaps the theme Read more [...]

The modified formula for STT on options will kick in from September 01. The STT is normally levied on both sides of a delivery trade in the market and only on the sell-side of intraday and derivatives trades. Let us look at why this was an anomaly in Read more [...]