Budget 2023: Direct, indirect taxes comprise 58 paise of every rupee in govt coffer
The government is also looking to earn 7 paise out of every rupee from excise duty and 4 paise from customs duty. Income tax will yield 15 paise. The collection from ‘borrowings and other liabilities’ will be 34 paise, according to the Budget 2023-24.
Revival of consumer demand will be the big takeaway of this Budget: Nilesh Shah
I think it clearly shows a lot of conviction and boldness on the part of the government. To assume that yearly taxes are going to keep rising and they will lower taxes and still have higher taxes which means that the government seems to be very confident on growth which I think is a huge […]
Govt cuts funding for rural jobs scheme to Rs 60,000 crore in the next fiscal
The allocation is lower than the revised Rs 89,400 crore spending outlay for 2022/23, and the smallest since 2017/18. Under the Mahatma Gandhi National Rural Employment Guarantee Act, introduced over 15 years ago, citizens can enrol for work such as building roads, digging wells, or creating other rural infrastructure and receive a minimum wage for […]
Budget will continue to focus on capex and manufacturing: Ravi Dharamshi
So I think that will remain but the burden needs to shift from central government to state government and private sector on continuing with the capex cycle.
Finance Minister must focus on getting dollars: Shankar Sharma
So I think just on the basis of probability, we should be looking at an uptrend post budget rather than flat to a downtrend market.
Any changes to capital gains tax in Budget will be a disappointment for market: Sandip Sabharwal
So I think if they do not do anything on capital gains that itself will be taken as positive. I think people will ignore everything else because ex of that Indian valuations have corrected, things are reasonable now and I would think that the markets are set for an up move ex of any capital […]
ETMarkets Fund Manager Talk: This Rs 35,000-crore fund manager sees no meaningful alpha between largecap & midcaps in 2023
India outperformed all major markets in 2022 driven by resilient and superior earnings on a relative basis. India was also supported by very strong domestic flows. We think the probability of both these things repeating looks low at least during 1HCY23 (Jan-Jun) on a relative basis.
Big Movers on D-St: What should investors do with Laurus Labs, Kalyan Jewellers and Sun Pharma?
Volumes are slowing down in this downside move which also indicates some pullback can be seen. Hence, one should wait for the stock to cross above the 345 level and then only buy this stock with a stop loss of 300 on a weekly closing basis on the upside, we can see the level of […]
Most Adani Group stocks bounce in a relief rally
Adani Enterprises, the group’s flagship company, gained 2.80%, while shares of Adani Transmission, Ambuja Cements, and ACC gained between 3% and 4%. Adani Green Energy and Adani Ports gained 3% and 2.6%, respectively.
Fed starts policy meeting amid hopes of a smaller rate hike
On one hand, he said officials have to communicate their desire to maintain a “sufficiently restrictive” policy stance, which can help bring inflation down towards policymakers’ two percent target. The goal is to raise the cost of borrowing and cool demand.While consumer inflation has come down from a painful 40-year high, it still stood at […]