Author: admin

Feb 13

Funds seek open-ended status for RGESS

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. […]
Feb 13

FM comments spark hopes of STT changes

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 […]
Feb 13

FM comments spark hopes of STT changes

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 […]
Feb 13

Insurers ask for tax incentives from FM

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 […]
Feb 13

Insurers ask for tax incentives from FM

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 […]
Nov 9

Govt aims high with RGESS

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  
Nov 9

Govt aims high with RGESS

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  
Nov 9

Million dollar traders replaced with machines amid cuts

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 […]