"The small sacrifice they make allows me to pursue what I am doing," he says, adding that his little daughters are familiar with terms like 'ceasefire violation' and often call him to check when they watch reports of firing at the border. … [Read more...] about The Income Tax officer who won a Shaurya Chakra
Tax cuts for the rich
By Gautam Chhaochharia The Union Budget will have important implications for the four-key framework -- capex, exports, policy and credit -- from which we expect an earnings cycle inflection ahead. We expect three keys – property, exports and credit cycle – to be supportive and any measure to support them will aid visibility. Post-Budget volatility has been high, especially in tax-related events. On a headline basis, we expect fiscal deficits of 3.7%/3.4% in FY20/21. Our discussions with investors suggest equity markets may welcome a fiscal slippage, although the impact on bond yields or the currency will also ultimately matter for the equity markets. Beyond an immediate respite in growth, a credible glide path ahead and the narrative on how this can create a sustainable growth cycle will also matter. However, our experience in recent years is not supportive; the government focus on infrastructure spending as well as leverage-aided resilient consumption growth have failed … [Read more...] about Dear FM, it’ll be nice to see some Budget innovations to fund capex, create demand
“In autos, we’ve had a prolonged slowdown already, but the call is whether it will recover sharply or not. Looking at this inventory situation, we may probably see a sales recovery because if there is a fire sale (or big discounting) what happens is that many buyers’ reschedule purchases and you’ll see a false uptick and immediately followed by sales decline,” Eleswarapu said. … [Read more...] about Falling sales add a new worry to corporates: Rising inventory
The budget 2020 is around the corner. Mutual fund houses are playing it safe this year - most refuse to comment on their expectations from the budget. Association of Mutual Funds of India or Amfi has already put out a wish list. ETMutualFunds.com wanted to know what are mutual fund investors expecting from the forthcoming budget, and conducted a small Twitter poll to find out. We offered four options, long-standing demands from fund houses, to investors to choose from: Removal of long-term capital gains (LTCG) tax on equity mutual funds Hike in Section 80C limit of Rs 1.5 lakh Cut in personal income tax Lastly, others (asking the investors to mention if they are expecting anything else from the budget) The poll was active on our twitter handle @ETMutualFunds for a week. Around 655 readers participated in the poll. And the final results were very much in line with the wide expectations this year. Around 44% poll participants voted for 'cut personal income tax,' followed by 32% … [Read more...] about What do mutual fund investors expect from Budget 2020?
The Air Force contingent, comprising of 144 air warriors, will be led by Flight Lt Shrikant Sharma. The Air Force tableau showcases scaled down models of the Rafale aircraft, the Tejas aircraft, the Light Combat helicopter, the Akash missiles system and the Astra missiles. … [Read more...] about Republic Day 2020: Showcasing India’s military might