stock markets

It is festive season once again with diwali shopping on throughout the country. This time festivities have started much early and the mood of all buyers and businessmen- all is upbeat. The reasons are obvious with no major negative factor playing around. This diwali is backed by good and widespread monsoon bringing in general bullishness everywhere, farmers smiling; no water crisis, so civic bodies are also relieved and disposable surplus with one and all is higher. Al.. Full Article

After taxing investors for dividend stripping, the Income Tax (I-T) Department is gearing up to tax bonus stripping. Official sources say scrutiny of returns filed by companies, brokers and individuals active in the stock markets and in possession of shares revealed wide use of this mechanism to evade tax. Full Article

Asserting that there is no need to press the panic button, Finance Minister Pranab Mukherjee today said the Dubai debt crisis will not have “earth shaking” impact on the country’s economy. “The full impact of the Dubai debt crisis is yet to be assessed, but there is no need to press the panic button,” Mukherjee told reporters. Full Article

“The Indian stock market today has the potential to lift all boats across the entire social spectrum of the country and this potential needs to be exploited to the fullest if the government wants to  realise the dream of reducing the poverty rate to single digit.” This is not from a research paper of an [...] Full Article

Now it's the government's turn to cash in on the stock market boom. The finance ministry is considering raising the rate at which securities transaction tax (STT) is levied. One of the options is to increase the ceiling rate to 0.5% of the value of the taxable securities transactions. At present, it is levied at rates of 0.017- 0.25% on every transaction on domestic bourses. Full Article