Powered by: Motilal Oswal

News

Quote on Budget by Pankaj Singh, smallcase Manager and Founder & Principal Researcher at Smartwealth.ai Below the Quote on Budget by Pankaj Singh, smallcase Manager and Founder & Principal Researcher at Smartwealth.ai      “Budget 2024: A Look at What Matters for Your Business and Wallet The Union Budget 2024 brings ambitious growth targets and a focus on social welfare. Let's see how it impacts businesses and individuals: Accelerating Economic Growth & Skilling • The government aims for a 10.5% GDP growth, indicating a positive econo...
Quote on Budget by Pankaj Singh, smallcase Manager and Founder & Principal Researcher at Smartwealth.ai
Quote on Budget by Pankaj Singh, smallcase Manager and Founder & Principal Researcher at Smartwealth.ai
Source: PR Agency
2024-07-25 05:31:46 pm
Comment on Review of Income Tax Act by Mihir Tanna, Associate Director - Direct Tax at SK Patodia & Associates LLP Below the Comment on Review of Income Tax Act by Mihir Tanna, Associate Director - Direct Tax at SK Patodia & Associates LLP   Finance Minister Nirmala Sitharaman presented her record 7th consecutive Union Budget 2024-25 today (on July 23) of Modi 3.0 Gov. From a direct tax perspective, unexpectedly some good things are proposed in the said budget. One of the key announcements was related to the review of the Income tax act. There are certain provisions in the income tax a...
Comment on Review of Income Tax Act by Mihir Tanna, Associate Director - Direct Tax at SK Patodia & Associates LLP
Comment on Review of Income Tax Act by Mihir Tanna, Associate Director - Direct Tax at SK Patodia & Associates LLP
Source: PR Agency
2024-07-25 10:39:16 am
Quote on Budget by Suman Bannerjee, CIO, Hedonova Below the Quote on Budget  by Suman Bannerjee, CIO, Hedonova   The Union Budget 2024, while aiming to balance growth and equity, presents a complex mix of policies with varied impacts. The revised income tax slabs, offering relief for the middle class, are countered by significant changes in capital gains taxation. Short-term capital gains tax has been increased to 20%, and long-term capital gains tax is now 12.5% for specific assets, potentially discouraging investment. Addit...
Quote on Budget by Suman Bannerjee, CIO, Hedonova
Quote on Budget by Suman Bannerjee, CIO, Hedonova
Source: Hedonova
2024-07-25 10:30:15 am
Union Budget 2024 Input on Annual Returns by Siddharth Tandon, Partner, Indirect Tax, BDO India Below the Union Budget 2024 Input on Annual Returns Siddharth Tandon, Partner, Indirect Tax, BDO India    “In line with the 53rd GST Council meeting recommendations, the limitation period for raising demands has been made 3.5 years (42 months) from the due date of relevant annual return for all types of cases, instead of 3/5 years earlier, depending on whether fraud suppression has been alleged or not. This is targeted to streamline litigation matters for FY 2024-25...
Union Budget 2024 Input on Annual Returns by Siddharth Tandon, Partner, Indirect Tax, BDO India
Union Budget 2024 Input on Annual Returns by Siddharth Tandon, Partner, Indirect Tax, BDO India
Source: BDO India
2024-07-25 10:15:34 am
Union Budget 2024 Input on Taxation Sector by Rony Antony, Partner & Leader, Corporate Tax (South), Tax & Regulatory Services, BDO India Below the Union Budget 2024 Input on Taxation Sector by Rony Antony, Partner & Leader, Corporate Tax (South), Tax & Regulatory Services, BDO India   The possible introduction of Vivad se Vishwas Scheme 2024 could significantly reduce litigation and create a better visibility of India as a tax friendly jurisdiction. The enhancements proposed for litigation at higher forums could also significantly reduce litigation at lower levels.     Above views are o...
Union Budget 2024 Input on Taxation Sector by Rony Antony, Partner & Leader, Corporate Tax (South), Tax & Regulatory Services, BDO India
Union Budget 2024 Input on Taxation Sector by Rony Antony, Partner & Leader, Corporate Tax (South), Tax & Regulatory Services, BDO India
Source: BDO India
2024-07-25 10:11:35 am
Union Budget 2024 Input on Financial Sector by Jiger Saiya, Partner, MSKA & Associates - a member firm of BDO International Below the Union Budget 2024 Input on Financial Sector by Jiger Saiya, Partner, MSKA & Associates - a member firm of BDO International   The FM announced releasing a vision document for the Financial Sector. To foster a dynamic and inclusive financial ecosystem in India, the vision document should prioritize a balanced approach between regulatory agility to address risks and encouraging technological advancements that empower innovation, financial inclusion, and robust cons...
Union Budget 2024 Input on Financial Sector by Jiger Saiya, Partner, MSKA & Associates - a member firm of BDO International
Union Budget 2024 Input on Financial Sector by Jiger Saiya, Partner, MSKA & Associates - a member firm of BDO International
Source: BDO International
2024-07-25 10:04:37 am
Union Budget 2024 Input on Reinsurance by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India Below the Union Budget 2024 Input on Reinsurance by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India   “The FM has proposed a reduction in tax rates for foreign companies operating in India from 40% to 35%. This is a much-awaited change for the reinsurance companies operating through a branch office in India since 2017. The proposed change may not provide a level-playing field to the reinsurance branches with the domes...
Union Budget 2024 Input on Reinsurance by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Union Budget 2024 Input on Reinsurance by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Source: BDO India
2024-07-25 09:57:10 am
Reaction on Post-Budget by Mr Vijay Jain, Managing Director, Star Estate Below the Post-Budget Reaction on Mr Vijay Jain, Managing Director, Star Estate    "We applaud the Union Budget 2024-25 for its thorough strategy towards boosting affordable housing with a Rs 2.2 lakh crore allocation under the PM Awas Yojana-Urban. Another major advancement for the real estate segment to look at in the budget is the investment of Rs 10 lakh crore towards addressing the housing needs of one crore poor and middle-class families. This move demonstrates a st...
Reaction on Post-Budget by Mr Vijay Jain, Managing Director, Star Estate
Reaction on Post-Budget by Mr Vijay Jain, Managing Director, Star Estate
Source: PR Agency
2024-07-25 09:56:25 am
Union Budget 2024 Input on Angle Tax by Nitesh Mehta, Partner, M&A Tax and Regulatory Services, BDO India Below the Union Budget 2024 Input on Angle Tax by Nitesh Mehta, Partner, M&A Tax and Regulatory Services, BDO India   “Angel tax has been a bone of litigation for many companies especially new age ones.  The FM has abolished this tax with effect from this financial year. While the past period litigations could continue, however, with the abolishment of the Angel tax provisions,  India Inc is likely to get a sigh of relief from this provision. This proposed ...
Union Budget 2024 Input on Angle Tax by Nitesh Mehta, Partner, M&A Tax and Regulatory Services, BDO India
Union Budget 2024 Input on Angle Tax by Nitesh Mehta, Partner, M&A Tax and Regulatory Services, BDO India
Source: BDO India
2024-07-25 09:46:57 am
Quote on Union Budget by Mr Vaibhav Gupta, Partner, Dhruva Advisors Below the Quote on Quote on Union Budget by Mr Vaibhav Gupta, Partner, Dhruva Advisors   Big changes have been announced on capital gains taxes. While long term capital gains taxes have been reduced for residents on unlisted shares and real estate, it is interesting to note that the long term capital gains tax for non-residents on unlisted shares has been increased from 10% to 12.5%. This will clearly impact returns of FDI investors. Removal of cost indexation on all assets is...
Quote on Union Budget by Mr Vaibhav Gupta, Partner, Dhruva Advisors
Quote on Union Budget by Mr Vaibhav Gupta, Partner, Dhruva Advisors
Source: Dhruva Advisors
2024-07-25 09:42:52 am
Union Budget 2024 Input on ESOPs and invest in social security schemes by Deepashree Shetty, Partner, Global Employer Services, Tax & Regulatory Services, BDO India Below the Union Budget 2024 Input on ESOPs and invest in social security schemes by Deepashree Shetty, Partner, Global Employer Services, Tax & Regulatory Services, BDO India   The penal consequences under the Black Money Act for non-reporting of certain assets in the tax return form was up to INR 10lacs regardless of the value of the asset located outside India. However, such a penalty is not applicable in case of non-reporting of bank accounts which has a balance of up t...
Union Budget 2024 Input on ESOPs and invest in social security schemes by Deepashree Shetty, Partner, Global Employer Services, Tax & Regulatory Services, BDO India
Union Budget 2024 Input on ESOPs and invest in social security schemes by Deepashree Shetty, Partner, Global Employer Services, Tax & Regulatory Services, BDO India
Source: BDO India
2024-07-25 09:42:09 am
Reaction on Post-Budget by Mr Arjunpreet Singh Sahni, Executive Director, Solitaire Group Below the  Reaction on Post-Budget by Mr Arjunpreet Singh Sahni, Executive Director, Solitaire Group    "We appreciate the Union Budget 2024-25 for its strategic policies that are set to significantly boost the real estate sector. Among the beneficial provisions for the real estate sector in this budget  though in the long run are the sanctioning of 12 industrial parks under the National Industrial Corridor Development Program, and the facilitation of renta...
Reaction on Post-Budget by Mr Arjunpreet Singh Sahni, Executive Director, Solitaire Group
Reaction on Post-Budget by Mr Arjunpreet Singh Sahni, Executive Director, Solitaire Group
Source: PR Agency
2024-07-25 09:39:27 am
Post Budget Quote by Mr Aman Mittal- Vice President, Lovely Professional University Below the Post Budget Quote by Mr. Aman Mittal- Vice President, Lovely Professional University   The Union Budget 2024-25 marks a significant stride towards fostering higher education, job skills, and employment opportunities in our nation. The government's commendable initiative to enhance the Model Skill Loan Scheme, benefiting 25,000 students annually, will alleviate financial concerns and enable our aspiring youth to pursue their ambitions unhindered by financial constraint...
Post Budget Quote by Mr Aman Mittal- Vice President, Lovely Professional University
Post Budget Quote by Mr Aman Mittal- Vice President, Lovely Professional University
Source: PR Agency
2024-07-25 09:34:42 am
Union Budget 2024 Input on Summary of Proposed Employment Linked Incentive Scheme by Preeti Sharma, Partner, Global Employer Services, Tax & Regulatory Services, BDO India Below the Union Budget 2024 Input on Summary of Proposed Employment Linked Incentive Scheme by Preeti Sharma, Partner, Global Employer Services, Tax & Regulatory Services, BDO India   The Government has proposed to implement three schemes for ‘Employment Linked Incentive’ to encourage and reward new employment opportunities. The eligibility to be covered under the proposed schemes shall be based on the enrolment of the employees in the Employee Provident Fund O...
Union Budget 2024 Input on Summary of Proposed Employment Linked Incentive Scheme by Preeti Sharma, Partner, Global Employer Services, Tax & Regulatory Services, BDO India
Union Budget 2024 Input on Summary of Proposed Employment Linked Incentive Scheme by Preeti Sharma, Partner, Global Employer Services, Tax & Regulatory Services, BDO India
Source: BDO India
2024-07-25 09:34:35 am
Post-Budget 2024 Quote by Manish Mehan, CEO and MD of TK Elevator India Below the Post-Budget 2024 Quote by Manish Mehan, CEO and MD of TK Elevator India   “The Indian real estate sector is expecting the Union Budget 2024–25 to improve liquidity, such as enhanced funding for the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund, which has been crucial in reviving stalled projects. It presents substantial steps under the PM Awas Yojana-Urban, and rural development initiatives are poised to significantly transform the ho...
Post-Budget 2024 Quote by Manish Mehan, CEO and MD of TK Elevator India
Post-Budget 2024 Quote by Manish Mehan, CEO and MD of TK Elevator India
Source: PR Agency
2024-07-25 09:26:54 am
Quote on Budget 2024 by Mr. Ashish Khandelia, Founder of Certus Capital & Earnnest.me (Real Estate, Bonds & Housing) Below the Quote on Budget 2024 by Mr. Ashish Khandelia, Founder of Certus Capital & Earnnest.me (Real Estate, Bonds & Housing)   "The first full budget of the Narendra Modi 3.0 government has reiterated its intent to spur momentum, retain continuity, and stick to fiscal discipline while focusing on critical areas like job creation, skilling, agriculture, innovation, and infrastructure. Without big bang announcements, Finance Minister Nirmala Sitharaman has done a good ...
Quote on Budget 2024 by Mr. Ashish Khandelia, Founder of Certus Capital & Earnnest.me (Real Estate, Bonds & Housing)
Quote on Budget 2024 by Mr. Ashish Khandelia, Founder of Certus Capital & Earnnest.me (Real Estate, Bonds & Housing)
Source: PR Agency
2024-07-24 05:50:37 pm
Quote on Post Budget by Ravi Kaushik, Executive Director, Head of Asia Investments, Flourish Ventures Below the Quote on Post Budget by Ravi Kaushik, Executive Director, Head of Asia Investments, Flourish Ventures   "This is a very progressive step in the right direction by the finance minister. This will not only open up opportunities for startups to freely raise capital from India’s thriving middle class, but also significantly reduce disputes and tax uncertainties. We wholeheartedly welcome this step.”   Above views are of the author and not of t...
Quote on Post Budget by Ravi Kaushik, Executive Director, Head of Asia Investments, Flourish Ventures
Quote on Post Budget by Ravi Kaushik, Executive Director, Head of Asia Investments, Flourish Ventures
Source: Flourish Ventures
2024-07-24 05:23:10 pm
Quote on Post Budget by Nikunj Agarwal - Head - Fund Raise, Finance & Lending Alliances (Propelld) Below the Quote on Post Budget by Nikunj Agarwal - Head - Fund Raise, Finance & Lending Alliances (Propelld)   The Rs 1.48 lakh crore announced in Budget 2024 for education and employment and skill enhancement is welcoming news. The financial support for loans upto Rs 10 lakh for students aiming for higher education in domestic institutions. Further, it was announced that a guarantee from a government promoted Fund will be available Loans up to Rs 7.5 lakh amount. Such in...
Quote on Post Budget by Nikunj Agarwal - Head - Fund Raise, Finance & Lending Alliances (Propelld)
Quote on Post Budget by Nikunj Agarwal - Head - Fund Raise, Finance & Lending Alliances (Propelld)
Source: PR Agency
2024-07-24 05:18:57 pm
Start-up/Fintech Budget Quote on Union Budget 2024-25 by Yashoraj Tyagi, CEO, CASHe Below the Start-up/Fintech Budget Quote on Union Budget 2024-25 by Yashoraj Tyagi, CEO, CASHe   The Budget brings positive changes in nurturing the talent and digital prowess of our nation. The substantial allocation of education loans is a commendable move that will empower countless students to achieve their academic dreams without financial strain. Moreover, the emphasis on digital infrastructure development is a game-changer, as it will significantly enhance accessibility to on...
Start-up/Fintech Budget Quote on Union Budget 2024-25 by Yashoraj Tyagi, CEO, CASHe
Start-up/Fintech Budget Quote on Union Budget 2024-25 by Yashoraj Tyagi, CEO, CASHe
Source: PR Agency
2024-07-24 05:16:36 pm
Start-up/Fintech Budget Quote on union budget 2024-25 by Mr. V. Raman Kumar, Founder & Chairman, CASHe Below the Quote on Union Budget 2024-25 by Mr. V. Raman Kumar, Founder & Chairman, CASHe   The Budget brings positive changes in nurturing the talent and digital prowess of our nation. The substantial allocation of education loans is a commendable move that will empower countless students to achieve their academic dreams without financial strain. Moreover, the emphasis on digital infrastructure development is a game-changer, as it will significantly enhance accessibility to onl...
Start-up/Fintech Budget Quote on union budget 2024-25 by Mr. V. Raman Kumar, Founder & Chairman, CASHe
Start-up/Fintech Budget Quote on union budget 2024-25 by Mr. V. Raman Kumar, Founder & Chairman, CASHe
Source: PR Agency
2024-07-24 05:16:33 pm
Quote on Budget 2024 by Ms. Indrani Chatterjee, Group Chief Human Resources Officer (Group CHRO) at Allcargo Group Below the Quote on Budget 2024 by Ms. Indrani Chatterjee, Group Chief Human Resources Officer (Group CHRO) at Allcargo Group   "The budget underlines the government’s intent to strengthen one of the key pillars of Viksit Bharat, the human capital through employment, education and skilling. Allocation of Rs 1.48 lakh crore for education and employment and skill paves the way for optimising the human capital and leveraging demographic dividend. The introduction of wage sub...
Quote on Budget 2024 by Ms. Indrani Chatterjee, Group Chief Human Resources Officer (Group CHRO) at Allcargo Group
Quote on Budget 2024 by Ms. Indrani Chatterjee, Group Chief Human Resources Officer (Group CHRO) at Allcargo Group
Source: PR Agency
2024-07-24 05:09:48 pm
Quote on Post Budget by Jayaprakash, K, Chief Growth Officer, AI Growth Limited (Parent company of altGraaf) Below the Quote on Post Budget by Jayaprakash, K, Chief Growth Officer, AI Growth Limited (Parent company of altGraaf)   We are delighted by abolition of angel tax. This would boost investments in the startup ecosystem and create jobs. We are also delighted to see that government is moving towards parity in taxation between financial asset classes as well as non-financial assets. Additionally, credit boost to MSME sector with guarantees, reduction of corporate tax rate on fore...
Quote on Post Budget by Jayaprakash, K, Chief Growth Officer, AI Growth Limited (Parent company of altGraaf)
Quote on Post Budget by Jayaprakash, K, Chief Growth Officer, AI Growth Limited (Parent company of altGraaf)
Source: AI Growth Limited
2024-07-24 04:51:53 pm
Post Budget Quote by Shantanu Bhargava, Managing Director, Head of Discretionary Investment Services, Waterfield Advisors Below the Post Qudget quote by Shantanu Bhargava, Managing Director, Head of Discretionary Investment Services, Waterfield Advisors   "Further tax simplification introduced in this year’s union budget further levels the playing field for other asset classes such as unlisted shares, gold, international equity/debt FoF, and real estate. We continue to believe that portfolios should be tax-informed, not tax-driven, and the finance minister's action is a positive st...
Post Budget Quote by Shantanu Bhargava, Managing Director, Head of Discretionary Investment Services, Waterfield Advisors
Post Budget Quote by Shantanu Bhargava, Managing Director, Head of Discretionary Investment Services, Waterfield Advisors
Source: Waterfield Advisors
2024-07-24 04:47:32 pm
Budget Day Input on Taxation aspects, real estate, capital gains on Listed Shares by Dhruv Chopra, Managing Partner, Dewan P. N. Chopra & Co Below the Budget Day Input on Taxation aspects, real estate, capital gains on Listed Shares by Dhruv Chopra, Managing Partner, Dewan P. N. Chopra & Co    Proposal to Tax buy back of shares by domestic companies in the hands of shareholders will potentially bring parity between tax implications on declaring dividends and buy back. Historically shareholders have enjoyed the benefits of a lower tax implication on buyback with savings of 12 % approx. on distribution of profits...
Budget Day Input on Taxation aspects, real estate, capital gains on Listed Shares by Dhruv Chopra, Managing Partner, Dewan P. N. Chopra & Co
Budget Day Input on Taxation aspects, real estate, capital gains on Listed Shares by Dhruv Chopra, Managing Partner, Dewan P. N. Chopra & Co
Source: PR Agency
2024-07-24 04:42:13 pm
Budget Reaction on Startup by Avinash Shekhar, CoFounder & CEO, Pi42 Below the Quote on Budget Reaction by Avinash Shekhar, CoFounder & CEO, Pi42    This growth-oriented budget underscores the importance of upskilling and youth development as a foundation to Bharat’s progress. It is interesting to see that one crore youth will be skilled by India’s top companies within five years, and 20 lakh will receive specialized training over the same period. Learning new skills and tech is crucial for fostering innovation and driving the c...
Budget Reaction on Startup by Avinash Shekhar, CoFounder & CEO, Pi42
Budget Reaction on Startup by Avinash Shekhar, CoFounder & CEO, Pi42
Source: PR Agency
2024-07-24 04:14:15 pm
Budget Reaction on Startup by Sachin Agrawal, Co-Founder & CEO at Bizongo Below the Quote on Budget Reaction by Sachin Agrawal, Co-Founder & CEO at Bizongo   “It’s a significant move that the government is putting special attention on MSMEs and the manufacturing sector through this budget. The newly announced credit guarantee scheme and term loans will enable MSMEs to purchase machinery and equipment without the need for collateral, which will further help the sector spur the industry’s growth. This initiative is expected to allevia...
Budget Reaction on Startup by Sachin Agrawal, Co-Founder & CEO at Bizongo
Budget Reaction on Startup by Sachin Agrawal, Co-Founder & CEO at Bizongo
Source: PR Agency
2024-07-24 04:06:51 pm
Budget Reaction on Startup by Akshay Mehrotra, Cofounder & CEO, Fibe, India`s leading fintech and consumer lending platform Below the Quote on Budget Reaction by Akshay Mehrotra, Cofounder & CEO, Fibe, India`s leading fintech and consumer lending platform    This year’s Budget has taken a forward-looking approach, aimed at building a self-reliant economy with MSMEs and startups as key drivers of Bharat's next phase of growth. It is encouraging to see the Government’s focus on creating more jobs for the youth with enhanced focus on skill upgradation. This clubbed with the reducti...
Budget Reaction on Startup by Akshay Mehrotra, Cofounder & CEO, Fibe, India`s leading fintech and consumer lending platform
Budget Reaction on Startup by Akshay Mehrotra, Cofounder & CEO, Fibe, India`s leading fintech and consumer lending platform
Source: PR Agency
2024-07-24 03:50:15 pm
Budget Reaction on Startup by Gurjodhpal Singh, CEO, Tide in India Below the Quote on Budget Reaction by Gurjodhpal Singh, CEO, Tide in India    "While the budget reflects a commendable focus on employment, skilling, and women, it is important to recognise that many of the policies will need a robust implementation. The increase in Mudra loan limits from Rs.10 lakh to Rs.20 lakh is a positive step for entrepreneurs, yet the on-ground implementation of the government’s policy directive needs stronger adoption at the grassroots level...
Budget Reaction on Startup by Gurjodhpal Singh, CEO, Tide in India
Budget Reaction on Startup by Gurjodhpal Singh, CEO, Tide in India
Source: PR Agency
2024-07-24 03:47:46 pm
Quote on Union Budget 2024-25 by Dr. Saloni Wagh, Director, Supriya Lifescience Below the Quote on Union Budget 2024-25 by Dr. Saloni Wagh, Director, Supriya Lifescience    “This budget represents a pivotal move towards a Vikasit Bharat, emphasizing progress through targeted support for Garib (poor), Mahilayen (women), Yuva (the youth) and Annadata (farmers). Key focus areas include employment, skill development, MSME growth—vital for GDP and exports—and middle-class upliftment.   The full exemption of basic customs dutie...
Quote on Union Budget 2024-25 by Dr. Saloni Wagh, Director, Supriya Lifescience
Quote on Union Budget 2024-25 by Dr. Saloni Wagh, Director, Supriya Lifescience
Source: Supriya Lifescience
2024-07-24 03:37:24 pm
Union Budget FY25 Quote on Real Estate Sector by Pankaj Kumar, VP – Fundamental Research, Kotak Securities Below the Union Budget FY25 Quote on Real Estate Sector by Pankaj Kumar, VP – Fundamental Research, Kotak Securities   “The Union Budget-FY25 has rationalized long-term capital gains tax on real estate transaction. It proposed to remove indexation benefits and reduce the long term capital gains tax rate from 20% to 12.5% with immediate effect (grandfathering for properties held before 2001). We find that the new capital gains tax structure for real estate favo...
Union Budget FY25 Quote on Real Estate Sector by Pankaj Kumar, VP – Fundamental Research, Kotak Securities
Union Budget FY25 Quote on Real Estate Sector by Pankaj Kumar, VP – Fundamental Research, Kotak Securities
Source: Kotak Securities Ltd
2024-07-24 03:33:44 pm
Quote on Union budget 24-25 by Mr. B.K. Bajaj, CEO, Infomerics Valuation and Ratings Below the Quote on Union budget 24-25 by Mr. B.K. Bajaj, CEO, Infomerics Valuation and Ratings   Mrs. Nirmala Sitharaman presented her seventh consecutive budget on July 23, 2024. She thus crossed the earlier record held by Shri Morarji Desai. The doubling of the upper limit of Mudra loans to Rs 20 lakh would promote entrepreneurship in India. In another welcome move, SIDBI will open new branches to expand its reach to serve all major MSME clusters within three years and pr...
Quote on Union budget 24-25 by Mr. B.K. Bajaj, CEO, Infomerics Valuation and Ratings
Quote on Union budget 24-25 by Mr. B.K. Bajaj, CEO, Infomerics Valuation and Ratings
Source: PR Agency
2024-07-24 03:19:33 pm
Quote on Budget Reaction by Manish Jain, Director of Institutional Business at m.Stock by Mirae Asset Below the Quote on Budget Reaction by Manish Jain, Director of Institutional Business at m.Stock by Mirae Asset   LTCG rate is increased to 12.5% and the exemption is increased from 1.0 lac to 1.25 lacs. This tax rate of 12.5% is applicable on transactions from today. In a sense, this is retrospective. This could have been avoided. Income from buyback of shares to be taxed in the hand of recipients; aligned like dividend distribution tax. The alignment is happening towards doubl...
Quote on Budget Reaction by Manish Jain, Director of Institutional Business at m.Stock by Mirae Asset
Quote on Budget Reaction by Manish Jain, Director of Institutional Business at m.Stock by Mirae Asset
Source: PR Agency
2024-07-24 03:13:05 pm
Quote on Budget Reaction by Bhavik Thakkar, CEO, Abans Investment Managers Pvt Ltd Below the Quote on Budget Reaction by Bhavik Thakkar, CEO, Abans Investment Managers Pvt Ltd   The removal of indexation benefit for property and other assets will increase tax outflows. For example, if you had bought a property for Rs.100 in 2001 and sold it for Rs.500 in 2024, as per earlier tax regime (when indexation benefit allowed), the tax outflows even at 20% rate would have been Rs.27.4 (as CII for FY25 is 363) whereas as per today’s budget announcement, the tax outf...
Quote on Budget Reaction by Bhavik Thakkar, CEO, Abans Investment Managers Pvt Ltd
Quote on Budget Reaction by Bhavik Thakkar, CEO, Abans Investment Managers Pvt Ltd
Source: PR Agency
2024-07-24 03:01:32 pm
Quote on Union Budget by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance Below the Quote on Union Budget by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance   "Union Budget 2024-25 takes forward the measures announced in the Interim Budget outlining a roadmap for 'Viksit Bharat'. Nine priority areas identified in the Budget which include agriculture, education and MSME segments will facilitate skilling and employment generation while boosting manufacturing growth. Infrastructure push is reiterated with a Central govt capex outlay of...
Quote on Union Budget by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance
Quote on Union Budget by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance
Source: PR Agency
2024-07-24 02:46:04 pm
Perspective on Union Budget 2024 by Mr Aashish Somaiyaa, CEO, WhiteOak Capital Management Below the Perspective on Union Budget 2024 by Mr Aashish Somaiyaa, CEO, WhiteOak Capital Management   The budget leaves a mixed sentiment. Sticking to fiscal consolidation and discipline is a positive. Efforts to incentivize new employment generation and staying the course with investing in infrastructure is also welcome. What was unexpected was that while rationalizing capital gains structure we would see a slew of measures that basically increases tax outgo for investors that too...
Perspective on Union Budget 2024 by Mr Aashish Somaiyaa, CEO, WhiteOak Capital Management
Perspective on Union Budget 2024 by Mr Aashish Somaiyaa, CEO, WhiteOak Capital Management
Source: PR Agency
2024-07-24 02:38:17 pm
Quote on Post Budget by Shantanu Bhargava, Managing Director, Head of Discretionary Investment Services, Waterfield Advisors Below the Quote on Post Budget by Shantanu Bhargava, Managing Director, Head of Discretionary Investment Services, Waterfield Advisors   "Further tax simplification introduced in this year’s union budget further levels the playing field for other asset classes such as unlisted shares, gold, international equity/debt FoF, and real estate. We continue to believe that portfolios should be tax-informed, not tax-driven, and the finance minister's action is a positive step...
Quote on Post Budget by Shantanu Bhargava, Managing Director, Head of Discretionary Investment Services, Waterfield Advisors
Quote on Post Budget by Shantanu Bhargava, Managing Director, Head of Discretionary Investment Services, Waterfield Advisors
Source: PR Agency
2024-07-24 02:26:04 pm
Post-Budget Quote on Tourism sector by CA Krishnan R, CEO and Director, Unimoni Financial Services Limited Below the Post-Budget Quote on Tourism sector by CA Krishnan R, CEO and Director, Unimoni Financial Services Limited   "The Budget lays great emphasis on promoting tourism, especially making Indian pilgrim centres world-class tourism destinations. Developing temple corridors, connecting ancient cultural landscapes and pilgrim centres such as Rajgir, Nalanda, Odisha and southern temple cities has huge potential to attract foreign as well as domestic tourists. India’s tour...
Post-Budget Quote on Tourism sector by CA Krishnan R, CEO and Director, Unimoni Financial Services Limited
Post-Budget Quote on Tourism sector by CA Krishnan R, CEO and Director, Unimoni Financial Services Limited
Source: PR Agency
2024-07-24 02:17:44 pm
Quote on Budget by Mr Mohit Jain, Managing Director, Krisumi Corporation Below the Quote on Budget by Mr Mohit Jain, Managing Director, Krisumi Corporation   Urban centers, being the drivers of growth, saw major allocation and attention in the Union Budget 2024. More homes under PMAY (U), transit development, creative redevelopment of cities, industrial parks, rental housing for industrial workers, digitization of land records, development of industrial parks and call for moderation in stamp duty, particularly for women buyers are some of the measures t...
Quote on Budget by Mr Mohit Jain, Managing Director, Krisumi Corporation
Quote on Budget by Mr Mohit Jain, Managing Director, Krisumi Corporation
Source: PR Agency
2024-07-24 02:06:51 pm
Budget heralds big bang tax reforms, simplifies long term capital gains: Experts The Union Budget under Prime Minister Narendra Modi 3.0 contains some big bang tax reforms and the government is sticking to its path of simplifying and streamlining the entire tax regime, experts said on Wednesday.  Allaying the fears of investors on long-term capital gains (LTCG) tax, they said the whole idea of the government is to simplify the capital gains framework. There are multiple holding periods and tax rates which are there in the current LTCG framework that have been r...
Budget heralds big bang tax reforms, simplifies long term capital gains: Experts
Budget heralds big bang tax reforms, simplifies long term capital gains: Experts
Source: IANS
2024-07-24 02:03:37 pm
Quote on Budget by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd Below the Quote on Budget by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd   This budget can be termed as prudent and holistic in each aspect the Government's decision to allocate Rs.10 lakh crore under the PMAY Urban Scheme, targeting 3 crore houses and key focus on rationalising stamp duty for Home buyers especially for women, underscores a robust vision for urban development and will help homebuyers would save the significant amounts, making home...
Quote on Budget by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
Quote on Budget by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
Source: PR Agency
2024-07-24 02:03:24 pm
Post Budget Reaction Quote on Fintech Sector by S Anand, Chief Executive Officer and Founder of PaySprint, a fintech venture Below the Post Budget Reaction Quote on Fintech Sector by S Anand, Chief Executive Officer and Founder of PaySprint, a fintech venture   "As we eye on the budget 2024 today, we shift our gaze to the improvements in the manufacturing and services sector, where FM Nirmala Sitharaman announced the credit support for MSMEs, increasing the loan limit from Rs10 lakh to Rs 20 lakhs, especially for those, who have availed and repaid loans under Tarun Category. I be...
Post Budget Reaction Quote on Fintech Sector by S Anand, Chief Executive Officer and Founder of PaySprint, a fintech venture
Post Budget Reaction Quote on Fintech Sector by S Anand, Chief Executive Officer and Founder of PaySprint, a fintech venture
Source: PR Agency
2024-07-24 01:58:45 pm
Reaction on Union Budget 2024 by Shivam Thakral, CEO of BuyUcoin, India`s second-longest running digital asset exchange Below the Reaction on Union Budget 2024 by Shivam Thakral, CEO of BuyUcoin, India`s second-longest running digital asset exchange   Here is our analysis of the Union Budget 2024: Angel tax abolished: India’s startup ecosystem received a big boost in today’s budget as the angel tax is abolished for all classes of investors. This move will be a gamechanger for startups planning to raise funds for their expansion as it will give startups more surplus funds to inves...
Reaction on Union Budget 2024 by Shivam Thakral, CEO of BuyUcoin, India`s second-longest running digital asset exchange
Reaction on Union Budget 2024 by Shivam Thakral, CEO of BuyUcoin, India`s second-longest running digital asset exchange
Source: PR Agency
2024-07-24 01:00:52 pm
Reaction on Union Budget 2024 by Dilip Chenoy, Chairperson, Bharat Web3 Association Below the Reaction on Union Budget 2024 by Dilip Chenoy, Chairperson, Bharat Web3 Association   The nine focus areas of budget 2024 are key steps towards our goal of Viksit ( check spelling)  Bharat. The budget also lays out a clear framework for digitisation of various sectors , where Web3 technology could play a critical role. We were hoping for some relaxation to the taxation framework on VDAs in this budget, but the absence of any announcement is not particularly dishea...
Reaction on Union Budget 2024 by Dilip Chenoy, Chairperson, Bharat Web3 Association
Reaction on Union Budget 2024 by Dilip Chenoy, Chairperson, Bharat Web3 Association
Source: PR Agency
2024-07-24 12:52:11 pm
Quote on Budget by Dr. Vikas V Gupta, smallcase Manager, CEO and Chief Investment Strategist - OmniScience Capital Below the Quote on Budget by Dr. Vikas V Gupta, smallcase Manager, CEO and Chief Investment Strategist - OmniScience Capital   “Fiscal Deficit target has been made even more stringent compared to the interim budget. This bodes well for fiscal responsibility and is likely to strengthen the sovereign ratings and currency in the long term. Infrastructure remains a focus with allocations to Andhra and Bihar primarily linked to Infrastructure allocations.  Similarly, the rura...
Quote on Budget by Dr. Vikas V Gupta, smallcase Manager, CEO and Chief Investment Strategist - OmniScience Capital
Quote on Budget by Dr. Vikas V Gupta, smallcase Manager, CEO and Chief Investment Strategist - OmniScience Capital
Source: OmniScience Capital
2024-07-24 12:44:08 pm
Quote on Post-budget by Divyesh Dalal, Managing Director & Head - Global Transaction Services, SME & Institutional Liability Business, DBS Bank India Below the Quote on Post-budget by Divyesh Dalal, Managing Director & Head - Global Transaction Services, SME & Institutional Liability Business, DBS Bank India   The measures announced in the Union Budget underscore the government's commitment to empowering MSMEs, the backbone of our economy. The introduction of the credit guarantee scheme is an encouraging step towards making capital more accessible. Additionally, the provision of collateral-free term loans for purchas...
Quote on Post-budget by Divyesh Dalal, Managing Director & Head - Global Transaction Services, SME & Institutional Liability Business, DBS Bank India
Quote on Post-budget by Divyesh Dalal, Managing Director & Head - Global Transaction Services, SME & Institutional Liability Business, DBS Bank India
Source: PR Agency
2024-07-24 12:35:12 pm
Budget Inputs on Mutual Funds, Stock Market, Infra, Tax by Mr Sanjay Sinha, Founder of Citrus Advisors Below the Budget Inputs on Mutual Funds, Stock Market, Infra, Tax by Mr Sanjay Sinha, Founder of Citrus Advisors   "The biggest takeaway from the Budget is the pragmatic fiscal deficit target of 4.9% in FY25 and a glide path to 4.5% by FY26. The corresponding moderation in the net and gross borrowing target by the Government of Rs 14.01 trillion and Rs 11.63 trillion will be welcomed by the bond market and may also eventually bring down borrowing cost by the corporate sector. ...
Budget Inputs on Mutual Funds, Stock Market, Infra, Tax by Mr Sanjay Sinha, Founder of Citrus Advisors
Budget Inputs on Mutual Funds, Stock Market, Infra, Tax by Mr Sanjay Sinha, Founder of Citrus Advisors
Source: PR Agency
2024-07-24 12:28:29 pm
Quote on Budget Reaction by Mr Ajay Kumar Srivastava, Managing Director & CEO, Indian Overseas Bank Below the Quote on Budget Reaction by Mr Ajay Kumar Srivastava, Managing Director & CEO, Indian Overseas Bank   The focus given in the Union Budget 2024 to the MSME sector is going to provide a huge boost to the growing number of entrepreneurs in the country. The initiatives announced such as - credit guarantee schemes for MSMEs, increasing the limit of Mudra loans to INR 20 lakhs to those who have paid back the loans earlier, creating alternate methods to evaluate eligibility ...
Quote on Budget Reaction by Mr Ajay Kumar Srivastava, Managing Director & CEO, Indian Overseas Bank
Quote on Budget Reaction by Mr Ajay Kumar Srivastava, Managing Director & CEO, Indian Overseas Bank
Source: PR Agency
2024-07-24 12:06:54 pm
Quote on Budget Reaction by Mr Arun Poddar, CEO and Executive Director, Choice International Limited Below the Quote on Budget Reaction by Mr Arun Poddar, CEO and Executive Director, Choice International Limited   "The Union Budget 2024-25 presents a balanced approach to stimulating economic growth while maintaining fiscal prudence. The government's commitment to reducing the fiscal deficit to 4.9% of GDP in 2024-25, down from 5.8% in the current year, signals a strong focus on macroeconomic stability. This fiscal consolidation path, coupled with the projected 8.2% GDP gr...
Quote on Budget Reaction by Mr Arun Poddar, CEO and Executive Director, Choice International Limited
Quote on Budget Reaction by Mr Arun Poddar, CEO and Executive Director, Choice International Limited
Source: PR Agency
2024-07-24 12:01:46 pm