Even as the economy recovered, corporate bond issuances were down by more than a fifth between April and August this year compared to the same period before the pandemic, in 2019. This resulted in higher-rated corporates being able to raise funds at close to the borrowing rates for government debt, the safest asset on the Indian market.
Higher capital gains tax: Who benefits the most?
Excluding tax havens such as Hong Kong, Singapore and the UAE, India’s capital gains tax remains one of the lowest globally, especially as the amount