The Rajiv Gandhi Equity Savings Scheme (RGESS), the new tax-saving mutual fund product, could become open-ended and eligibility to invest in these could be relaxed if the finance ministry accepts the sector’s suggestions. Finance Minister P Chidambaram said on Saturday the Union budget could make some announcements to simplify RGESS to attract more retail investors. […]
Hopes among investors and equity bourses of a reduction in the securities transaction tax (STT) have recieved a further boost, with some even expecting that the government might abolish the tax on delivery-based transactions in the cash segment. This is after Finance Minister P Chidambaram’s remarks on Saturday that the government was considering measures to […]
Hopes among investors and equity bourses of a reduction in the securities transaction tax (STT) have recieved a further boost, with some even expecting that the government might abolish the tax on delivery-based transactions in the cash segment. This is after Finance Minister P Chidambaram’s remarks on Saturday that the government was considering measures to […]
At least 2,500 complaints are lying with the Insurance Ombudsman’s office here for a decision. And, it will take more than a year to clear these. Reason: There is no ombudsman. The post has been vacant since October 2012. Given the backlog, it could take up to a year to clear just the pending cases, […]
The Indian insurance industry is looking for remunerative tax incentives from the Union Budget 2013-14 to boost sales volumes and increase penetration of insurance into the market. While on one hand, life insurers are looking for separate deduction limits for long term insurance products, non-life insurers are hoping for special exemption categories for home and […]
The Indian insurance industry is looking for remunerative tax incentives from the Union Budget 2013-14 to boost sales volumes and increase penetration of insurance into the market. While on one hand, life insurers are looking for separate deduction limits for long term insurance products, non-life insurers are hoping for special exemption categories for home and […]
The recently introduced Rajiv Gandhi Equity Savings Scheme ( RGESS) – named after a popular prime minister who was assassinated in 1991 – offers Indian investors earning less than Rs 1 million ($18,600) a year a 50 per cent tax break on stock investments of up to Rs 50,000. http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/india-courts-investors-to-boost-investment-in-local-markets/articleshow/17108169.cms
The recently introduced Rajiv Gandhi Equity Savings Scheme ( RGESS) – named after a popular prime minister who was assassinated in 1991 – offers Indian investors earning less than Rs 1 million ($18,600) a year a 50 per cent tax break on stock investments of up to Rs 50,000. http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/india-courts-investors-to-boost-investment-in-local-markets/articleshow/17108169.cms
Wall Street’s credit-derivatives traders, who before the financial crisis commanded $2 million of annual pay, are being replaced by machines as banks cut costs and heed new regulations. UBS, Switzerland’s biggest bank, fired its head of credit-default swaps index trading, David Gallers, last week, with no plan to fill the position, according to two people […]
The wealth of individuals in the country is expected to double to Rs 179 lakh crore in the next four years, according to a report by Karvy Wealth. http://www.financialexpress.com/news/individual-wealth-to-soar-to-rs-179l-cr/1028217/
