"FPIs should consider structuring themselves as companies rather than trusts," the FM said.
India’s five-year yield has fallen about 18 basis points since July 4.
As most of them fall in that income category, they are awaiting clarity on tax treatment.
It seems the government looks at stock investing as rich people’s business.
The effective rate of tax would now be 39 per cent on income of Rs 2 crore-Rs 5 crore.
There were certain hard-core punches, which will change the dynamics in certain industries.
“We don’t think the companies will bear this tax burden,” said Deven Choksey.
Some players have been selling assets to manage their cash flow mismatches.
These measures would provide a more conducive regulatory environment to FPIs, especially NRIs, experts said.
Analysts believe this is beneficial for options buyers, although it might affect ‘In the Money’ option sellers.
Until now, investors tendering shares in a buyback were subject to capital gains tax.
“The Union Budget presented lots of opportunities for IFSC".
The government has proposed a 10-year tax holiday on 100 per cent of the profit for business units in the IFSC.
PM Modi faces shrinking options to raise funds as a slowing economy crimps tax revenue.
Sitharaman said surcharge on taxable income of Rs 2-5 crore has been raised by 3 per cent.
At best, it was an incremental Budget. No bold steps. No visionary things, said Aiyar.
Top three companies in terms of quantum of sale would be TCS , Wipro and D-mart.
The cut has come at a time when the market was expecting at least 10-20 basis points slippage.
"In number terms, they have reached extensively to small industries,” said Amar Ambani.
MNCs, including Hindustan Unilever, which may need to pare 2-10% if the norm is implemented.
Here are the top highlights from today's Budget that may matter to you.
Regulation of HFCs will be shifted from the National Housing Board to RBI.
Sitharaman said six PSU banks have already been brought out of the PCA framework.
At present, there are over 1,400 listed companies where promoters had over 65 per cent stake.
It is well within our capacity to reach $5 trillion economy in a few years, she said.
Budget will pave the way for greater FDI participation in infra projects, says-Ashish Shanker.
Finance Minister Nirmala Sitharaman said that the government will review Uday scheme.
As many as 32 stocks on NSE climbed between 50 per cent and 350 per cent in last 103 sessions.
The longest budget speech in terms of words was given by Manmohan Singh in 1991. It comprised 18,177 words.
In 2015, 2016 and 2017, Sensex swung 678 points, 849 points and 569 points, respectively.
Here are 10 things you can expect Finance Minister Sitharaman to deal with on Friday.
Historically, the IVs do inch up by 3-4 percentage points before the Budget.
Rural distress and boosting consumption in the economy are expected to be a key focus.
ETMarkets.com lists out 51 broad expectations and examines the feasibility.
The government had set a fiscal deficit target of 3.4 per cent for FY20 in the interim Budget.
The distress in the agrarian sector is something that needs to be addressed immediately.
Market will cheer a move to withdraw the long-term capital gains tax.
Interim FM Piyush Goyal had set the target at Rs 90,000 crore in the Interim Budget.
Brokerage Anand Rathi expects the Budget to positively impact the equity market, especially FMCG, small durables, two-wheele...
High frequency data such as auto sales, airline ticket sales, suggest a slowdown in consumption.
Brokerages say the Budget is likely to be expansionary given the slowing economy.
Telecom company also completes listing on Nigerian stock exchange
Equity investors expect announcement of some policy measures that can boost the economy.
This theme is widely looked upon as a favourite for the next five years.
The risk lies if the market moves sharply up by or before July 4.
India Inc is expecting that the FM will reduce DDT from 20 per cent currently to 10 per cent.
Gold now attracts an import duty of 10% and a GST of 3%.
Finance Minister Nirmala Sitharaman has a daunting task to keep everyone happy.
Care Ratings said the capital infusion could be done through issuance of recapitalisation bonds.
Hope the govt would take a relook at LTCG tax on listed shares and remove it completely.
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