Brokers believe that the higher charges may not completely deter investors from taking bets in F and O but could help cool down some activity, as the threshold to break even rises.
Posts tagged Rediff
Gold Crash: Should You Invest Now? (24-07-2024)
‘If you invest in sovereign gold bond, you are going to get the price rise of gold over an eight year period.’ ‘You’re also going to get that two-and-a-half percent which the Government of India is willing to give you, treating the money that you’ve invested in the sovereign gold bond as a kind of a FD or a deposit.’ ‘That kind of return you can never get anywhere else.’
Budget shows govt’s will to lower deficit: Fitch (23-07-2024)
Fitch Ratings on Tuesday said the FY25 Budget demonstrated the government’s ongoing commitment to reducing fiscal deficit and ensured policy continuity during the NDA government’s new term. Finance Minister Nirmala Sitharaman on Tuesday presented the first Budget of the Modi 3.0 government in which she revised the deficit target for current fiscal lower to 4.9 per cent of the GDP, from 5.1 per cent projected in the interim Budget.
Govt withdraws equalisation levy of 2%: FinMin (23-07-2024)
The government on Tuesday announced withdrawal of the 2 per cent equalisation levy or digital tax on overseas e-commerce supplies.
Govt debt to stabilise above 80% of GDP: Moody’s (23-07-2024)
Moody’s Ratings on Tuesday projected general government debt to stabilise above 80 per cent of GDP over the next three years, down from 89.3 per cent in 2020-21. “General government interest payments to fall to around 24 per cent of general government revenue over the next two years from over 28 per cent in fiscal 2020-21, although this remains much higher than the median 8.7 per cent recorded by Baa-rated peers,” Moody’s Ratings associate managing director Gene Fang said in a post-Budget reaction.
Budget 2024: Gold prices crash by Rs 3,350 (23-07-2024)
Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.
Budget 2024: Gold prices crash by Rs 3,350 (23-07-2024)
Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.
Govt to set up e-comm hubs to promote exports (23-07-2024)
The government on Tuesday announced setting up of hubs to promote exports through e-commerce medium in public-private-partnership (PPP) mode and initially 10-15 hubs will be established. Finance Minister Nirmala Sitharaman said that these hubs, under a seamless regulatory and logistic framework, will facilitate trade and export-related services under one roof. “To enable MSMEs (micro, small and medium enterprises) and traditional artisans to sell their products in international markets, e-commerce export hubs will be set up in PPP mode,” she said.
Abolition of angel tax cheers startups, investors (23-07-2024)
Startup and venture funds on Tuesday cheered the Budget decision on the abolition of angel tax for all investor classes, terming it a “game-changer” that would remove significant barriers in growth and foster a vibrant and dynamic ecosystem. Angel tax refers to the tax that the government imposes on funding raised by unlisted companies, or startups if their valuation exceeds the company’s fair market value.
Fiscal deficit for FY25 estimated to be 4.9%: FM (23-07-2024)
Union Finance Minister Nirmala Sitharaman on Tuesday said the fiscal deficit for 2024-25 is estimated at 4.9 per cent of GDP.