India's fiscal gap one of the highest among major emerging markets
Combined expenditure of central and state governments exceeded revenues by around 7.5% of GDP in 2019
by Source: Business Standard Feb 10, 2020
Govt may notify merger of 10 PSBs to 4 lenders this week
After it is notified, the respective bank boards will meet to give their customary final approval.
by Source: The Economic Times Feb 10, 2020
Tata, Adani, Hyundai queue up to run private trains on Indian Railways' tracks
Indian Railways' maiden attempt to let private companies run trains received a warm welcome among global and local players
by Source: Livemint Feb 10, 2020
Global investors will continue to invest in India, says Julius Baer CEO
The Budget lacked any major announcements pertaining to the financial sector, infrastructure, real estate, and exports, which are all critical for reviving growth, says CEO Ashish Gumashta
by Source: Business Standard Feb 10, 2020
Even a cashless health insurance claim may require you to pay; Here’s why
A common misconception that most policyholders believe is that if their total treatment cost is less than the sum insured, it will be covered by the insurer. That's not how it works;
by Source: The Financial Express Feb 10, 2020
ULIPs are useless as insurance products
ULIPs are useless for providing the amount of life cover that savers actually need
by Source: Value Research Feb 8, 2020
70% of taxpayers will benefit from new income tax rates, slabs: Finance Ministry
FinMin expects at least 80% of taxpayers to move to new personal income tax regime, says Revenue Secretary Ajay Bhushan Pandey
by Source: Livemint Feb 8, 2020
Finance ministry makes a budget case for small investors
No relook at dividend distribution tax, said the FM; new direct tax regime seen benefitting 80% of assessees
Sitharaman said DDT changes are conducive if you look at taxpayers whose applicable rate is below 15% or 20%
by Source: Livemint Feb 8, 2020
Govt to reintroduce FRDI Bill, no timeline yet: FM Nirmala Sitharaman
FRDI was withdrawn in August 2018 after a backlash on a clause that put the onus on depositors to 'bail in', in case of bank failure
by Source: Business Standard Feb 8, 2020
RBI policy: debt mutual fund investors should brace for volatility, stick to 'safer' funds
The Reserve Bank of India held key policy rates in its policy review today to keep the delicate balance between inflation management and revival of growth.
by Source: The Economic Times Feb 7, 2020
Want to compare between old and new tax regime? I-T dept launches e-calculator
The calculator, with a comparative table to compare taxes in the old and the new tax regime, for resident individuals (financial year 2020-21) has been hosted on the official e-filing website of the department--https://www.incometaxindiaefiling.gov.in.
by Source: The Financial Express Feb 7, 2020
Short-term debt funds to benefit from RBI's moves
The RBI today introduced Long term Repo, one more tool to enable better monetary policy transmission
The short-term government bond yields fell 10-15 bps on the RBI's announcement
by Source: Livemint Feb 7, 2020
From DDT to TDS: Will mutual fund investors get more dividend in hand or less?
Ultimately, the equity mutual fund (MF) investors at present have to bear double dividend distribution tax (DDT) on the dividend income they receive.
by Source: The Financial Express Feb 7, 2020
