Indian Economy: News and Discussion

[DG7867]

Govt may halve dividend income tax rate for big local investors

Mumbai: The government may consider effectively halving the tax rate on dividend income for individuals in the highest tax bracket, two people familiar with the development said, likely boosting stocks that are facing a rout globally.

The government is looking to tweak the current regulations to bring down the tax on dividends to about 20% from up to 43% for Indian individual investors. The government may offer the concession by offering a flat 20% tax on dividend income.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Indx TechStyle]

Eeeeeh!!!! Sirji I thought budget was in three hundred billion dollars range.

In case of federal countries, you've to calculate annual expenditure by adding those of state and centre which totals to $725-750 billions for India and $6.8 trillions for USA. $300 billions is mere central budget.

 

[sorcerer]

Their gov don't have money , their people have .

Haha

If their people have money...the govt will have money.
if their people have money..those people who own companies will have money..
that GOvt will facilitate these companies investment opportunities with other govts and other places.
haha

 

[Haldiram]

Govt may halve dividend income tax rate for big local investors

Mumbai: The government may consider effectively halving the tax rate on dividend income for individuals in the highest tax bracket, two people familiar with the development said, likely boosting stocks that are facing a rout globally.

The government is looking to tweak the current regulations to bring down the tax on dividends to about 20% from up to 43% for Indian individual investors. The government may offer the concession by offering a flat 20% tax on dividend income.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

These feelers are being sent out just to create a positive sentiment. "two people familiar with the development said", mkay.gif. They said the same about LTCG, removed it in 2004, then again re-introduced it now; Spread some rumors about wealth tax, nothing happened. They also said EPF would remain tax free then they tried to tax it, they said PPF will be tax exempt, now they are saying we will remove all exemptions with time. 15 years ka lock-in hai toh at least 15 years tak terms-and-conditions same rehna chahiea na.

Anyway this is for Jhunjunwala, apna itna dividend nahi aata. Earlier, the company used to pay 20% tax before distributing dividends, so the recipient didn't need to pay tax later. After this year's change, the company will not pay dividend tax, and the recipient will have to pay tax on the dividend income. It will be clubbed with your other income and taxed as per your tax slab.

 

[DG7867]

These feelers are being sent out just to create a positive sentiment. "two people familiar with the development said", mkay.gif. They said the same about LTCG, removed it in 2004, then again re-introduced it now; Spread some rumors about wealth tax, nothing happened. They also said EPF would remain tax free then they tried to tax it, they said PPF will be tax exempt, now they are saying we will remove all exemptions with time. 15 years ka lock-in hai toh at least 15 years tak terms-and-conditions same rehna chahiea na.

View attachment 44225

Anyway this is for Jhunjunwala, apna itna dividend nahi aata. Earlier, the company used to pay 20% tax before distributing dividends, so the recipient didn't need to pay tax later. After this year's change, the company will not pay dividend tax, and the recipient will have to pay tax on the dividend income. It will be clubbed with your other income and taxed as per your tax slab.

If I'm not wrong, low dividend tax for foreigners is to enhance FDI?

 

[aditya10r]

In case of federal countries, you've to calculate annual expenditure by adding those of state and centre which totals to $725-750 billions for India and $6.8 trillions for USA. $300 billions is mere central budget.

How much of that is deficit?
I am unable to find consolidated deficit.

________________________________________

 

[ezsasa]

How much of that is deficit?
I am unable to find consolidated deficit.

________________________________________

It exists only on RBI website, and no where else. And that page does not open for me.

Maybe it will open on a computer with a bigger ram.

 

[Haldiram]

If I'm not wrong, low dividend tax for foreigners is to enhance FDI?

The got rid of that dividend cess for foreigners a while ago after they started withdrawing their money and throwing tantrums. This new [rumor] is about removing dividend tax for Indian investors in the 43% tax bracket (those earning 5 crore and above, yearly).

Earlier the dividend tax was 20% flat TDS, and the company paid it before sending out the dividends, so the recipient didn't have to pay anything extra.

Now the company will not cut TDS but it will be taxed as per recipient's tax bracket, so a person in 10% tax bracket will pay only 10% tax on it, as opposed to the previous 20% TDS, so he is benefited, but a person in the 43% tax bracket will pay 43% tax on it instead of the previous 20%, toh isko mirchi lagegi. So the new [rumor] is saying that they will cap it to 20%. This lollipop is to keep the big investors from withdrawing their money from the market.

It's sad that the gormint only thinks of ways to tinker laws in a manner that allows them to squeeze tax. Had they spent so much brain on pulling PSUs out of losses and providing good services which the citizens would want to pay for, they wouldn't have to rely on taxes.

Gormint be like : https://imgur.com/gallery/7RNvwqI

 

[aditya10r]

It exists only on RBI website, and no where else. And that page does not open for me.

Maybe it will open on a computer with a bigger ram.

What the fuck?

_________________________________

 

[sorcerer]

Four AAI-run airports among best aerodromes in world

"Four AAI airports -- Chandigarh, Mangaluru, Trivandrum and Lucknow -- have been adjudged the best in the world in recently announced 2019 ASQ awards. These airports won 10 awards in four categories," Airports Authority of India (AAI) said in a release on Monday.

 

[sorcerer]

Mahindra starts assembling vehicles in Kenya


Indian automaker Mahindra & Mahindra became the latest global carmaker to start operations in East Africa’s richest economy as the company started assembling two of its small commercial trucks in Kenya, it said on Monday.

 

[sorcerer]

Net inflows in equity MFs hit 11-month high, gold ETFs see 7-fold jump
AMFI data for February 2020 showed that net inflows into open ended mutual funds increased to Rs 10,796 crore (US$ 1.54 billion) which is the highest since March 2019. Large cap funds, multi-cap funds, mid-cap funds and small-cap funds witnessed net inflows in the range of Rs 1,400 to 1,600 crore (US$ 200.31 to 228.93 million) which were similar to the flows received in January 2020. However, sectoral/thematic funds saw a large jump from just Rs 3.8 crore (US$ 0.54 million) in January 2020 to Rs 1,928 crore (US$ 275.86 million) in February 2020, some of it due to new launches in February. Gold Exchange Traded Funds (ETFs) saw a huge jump in net inflows from Rs 202 crore (US$ 28.90 million) in January 2020 to Rs 1,483 crore (US$ 212.19 million) in February 2020.

“The surge in equity scheme inflows is very heartening to see. People have bought more, even as the market has dipped. There's buying in both large and mid-cap funds, quite contrary to the notion that large cap is not delivering value and hence avoided by investors," said Mr Swarup Mohanty, CEO, Mirae Asset Mutual Fund.

On the other hand, Hybrid funds continued to witness outflows, similar to what they have been witnessing for most of the past year. Despite a significant sales push by AMCs towards dynamic asset allocation funds, flows into the category have been slow.

Similar to past year, debt funds continued to see a rotation from credit risk funds to corporate bond funds and banking and PSU debt funds. This is majorly due to the multiple defaults and downgrades hitting the NAVs of such funds. Debt funds witnessed a high level of volatility in February due to the downgrade of Vodafone Idea as a result of the Supreme Court verdict on its AGR dues.

 

[Indx TechStyle]

How much of that is deficit?
I am unable to find consolidated deficit.

________________________________________

In total, our governments have to spend around $200 billions more than they earn.

 

[aditya10r]

In total, our governments have to spend around $200 billions more than they earn.

7% consolidated.

Some would be bonds and some direct borrowings.
We are on the safe side here,we can do better if we cut down idiotic socialistic policies.

 

[ezsasa]

https://asia.nikkei.com/Spotlight/C...n-India-s-elections-but-paralyzed-the-economy

Nikkei Asian review blasts modi's economic policies.

Information and Broadcasting Minister Prakash Javadekar slams Japan's Nikkei Asian Review over article critical of PM Narendra Modi's policies, says it 'lacks' facts

 

[nongaddarliberal]

Information and Broadcasting Minister Prakash Javadekar slams Japan's Nikkei Asian Review over article critical of PM Narendra Modi's policies, says it 'lacks' facts

I think our guys need to stop reacting to every statement and article. They need to create special info warfare teams, who can refute this narrative in a more sophisticated manner, through media management, lobbying foreign press, pushing our own narrative and agenda, etc. These type of reactions from top Indian ministers only encourages more anti India articles, for TRP.

Secondly, reacting to something always puts one in the backfoot, no matter how good the counter argument is. Rather, the strategy should be to put forward your narrative first, and put the opposing side on the defensive. That again, can only be consistently done by a team set up for this task. If rather than responding to allegations against Modi, if the BJP has taken the initiative and accused the international media of covering for Islamic radicals, and point out their links to various funds from Saudi, Qatar, muslim brotherhood etc, we would have been in a better position.

 

[ezsasa]

I think our guys need to stop reacting to every statement and article. They need to create special info warfare teams, who can refute this narrative in a more sophisticated manner, through media management, lobbying foreign press, pushing our own narrative and agenda, etc. These type of reactions from top Indian ministers only encourages more anti India articles, for TRP.

Secondly, reacting to something always puts one in the backfoot, no matter how good the counter argument is. Rather, the strategy should be to put forward your narrative first, and put the opposing side on the defensive. That again, can only be consistently done by a team set up for this task. If rather than responding to allegations against Modi, if the BJP has taken the initiative and accused the international media of covering for Islamic radicals, and point out their links to various funds from Saudi, Qatar, muslim brotherhood etc, we would have been in a better position.

let the ministers do it for some time, then they will get tired of it and hopefully allocate some monies to tackle this by professionals.

 

[f3243007008]

If their people have money...the govt will have money.
if their people have money..those people who own companies will have money..
that GOvt will facilitate these companies investment opportunities with other govts and other places.
haha

If their people have money...the govt will have money.
Right
if their people have money..those people who own companies will have money..
Right
that GOvt will facilitate these companies investment opportunities with other govts and other places.
This money is used for military spending and turned into booms to other countries

A country that cannot do well in its own country's infrastructure, do you think he will help other countries do infrastructure ?

Do you believe it have will and ability?

Highway mileage within the United States from 1990 to 2017
Nearly increase nothing.
https://www.statista.com/statistics/183397/united-states-highway-mileage-since-1990/

 

[Indx TechStyle]

Highway mileage within the United States from 1990 to 2017
Nearly increase nothing.
https://www.statista.com/statistics/183397/united-states-highway-mileage-since-1990/

Why the hell US would be increasing them first place? US is a developed state with already more than sufficient and quality infrastructure per capita. China and India meanwhile are "still under construction" type of countries.

The focus obviously would shift to improve the quality instead of density of infrastructure once desired value is achieved.

 

[f3243007008]

Why the hell US would be increasing them first place? US is a developed state with already more than sufficient and quality infrastructure per capita. China and India meanwhile are "still under construction" type of countries.

The focus obviously would shift to improve the quality instead of density of infrastructure once desired value is achieved.

So it don't have ability bro.