Indian economy to grow at 7.3% in FY19 and 7.5% in FY20: World Bank

Indian economy to grow at 7.3% in FY19 and 7.5% in FY20: World Bank The investment rate, as represented by the gross fixed capital formation, stood at 7.6 per cent in 2017-18, growing from a low of 1.6 per cent in 2013-14 Keeping its previous estimate of India’s GDP growth in 2017-18 unchanged at 6.7 […]

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Parliamentary Panel asks government to review employees pension scheme

Parliamentary Panel asks government to review employees pension scheme A parliamentary panel has asked the government to assess the Employees Pension Scheme 1995 and consider a revision of the minimum monthly pension of Rs 1,000, saying the social security benefit is too meagre to fulfil even the basic needs. Trade unions have been demanding for […]

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Sebi considers clearing house interoperability

Sebi considers clearing house interoperability Sebi’s plan of clearing house interoperability is aimed at reducing stock market trading costs and minimising trading outage The Securities and Exchange Board of India (Sebi) is weighing interoperability of clearing houses and lower margin requirements in an attempt to reduce trading costs and minimise the impact of trading halts, […]

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LS passes Finance Bill 2018; unlisted stocks to get indexation benefits

LS passes Finance Bill 2018; unlisted stocks to get indexation benefits Finance Bill passed by Lok Sabha without debate; relief for start-ups, PPF holders The Lok Sabha on Wednesday passed the Finance Bill 2018, allowing the benefit of inflation adjustments to stocks that were unlisted till January 31 while levying long-term capital gains (LTCG) tax.The […]

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