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The Economic Times
The Economic Times RBI steps up measures to drain out excess liquidity
RBI takes measures to manage liquidity as foreign inflows increase post JP Morgan index inclusion. Actions include selling government bonds and conducting sell-buy swaps in the forwards market. These steps aim to control rupee appreciation and excess liquidity in the banking system.
The Economic Times Byju's founder Byju Raveendran faces reckoning as startup implodes
Potential insolvency is a dramatic turn of events for an entrepreneur described by one person who has worked with him as an extremely passionate and goal-oriented person who might adopt "an abrasive approach" in a crisis.
The Economic Times SAFE market makes comeback as some Indians dodge rules to bet on foreign startups
HNIs invest in 'SAFEs' in foreign startups, sidestepping RBI and FEMA regulations. Attracted by potential returns and simpler compliance, they misdeclare LRS fund uses. SAFEs assist early-stage startups but pose legal, penalty, and capital flight risks. Firms including Khaitan & Co warn of penalties based on market value.
The Economic Times Budget 2024: Job creation, other booster shots likely for fitter economy
Budget 2024: The upcoming budget is set to energize the economy through targeted interventions in job creation, rural areas, MSMEs, and technology. The focus remains on fiscal consolidation while enhancing support for infrastructure and high-tech sectors. Expect simplification of tax procedures and measures to boost foreign investments.
The Economic Times Budget 2024: Expectations on changes in capital gains tax, tight F&O norms, sops for startups, AI
The IT sector seeks digitalization and technological advancement, while the healthcare sector needs increased spending on technology integration.
The Economic Times Create harmony in capital gains tax
Taxation of capital gains from equity ownership has gained popularity in the Indian budget, aiming to direct household savings into more productive investments. However, this treatment leads to widening inequality and limits tax revenue growth. India's stock market is mature, and the effective tax rate favors capital, causing wealth concentration and tax arbitrage between wage and capital income.
The Economic Times Quick commerce changes the game: Retail Inc joins Q as India shops by the minute
Indians are buying daily necessities and fast-moving consumer goods more frequently and in larger numbers than a few years ago, with researchers and senior executives attributing this to a growing trend of consumers seeking instant gratification, fuelled by burgeoning quick commerce.
The Economic Times Tax reforms in Budget 2024 that can boost capital flows and M&A transactions in India
New India's fastest-growing economy needs strong capital flows and M&A. Budget 2024 should address valuation rules, share swaps, overseas mergers, capital gains, M&A financing, non-industrial consolidations, and listed transactions. Key focuses include competitive disadvantage, market confidence, anti-abuse conditions, and cleanup clarifications. Deloitte India emphasizes these factors to boost economic growth and investor trust.
The Economic Times Cost of equity in India is stable, reflecting maturity and resilience: EY survey
The average cost of equity in India is 14.2 per cent, up 40 basis points since 2021, indicating strong resilience, according to a survey by EY. It also noted that the equity market risk premium has steadily shrunk over the past surveys.
The Economic Times Budget recap: Indian businesses that got a leg-up in 2023
In Budget 2023, key proposals included tax adjustments, customs duty changes, and MSME support. For Budget 2024, India Inc expects continued capex, reforms in key sectors, extended tax benefits, and measures to reduce business costs and boost consumption.
The Economic Times Compensation gap between CEO & median employee widens in India Inc from pre-pandemic years, finds ET study
An ET study identified the widening gap in compensation between CEOs and median employees in 35 major Indian companies post-pandemic. Companies such as Hindustan Unilever, Infosys, and Tata Steel witnessed a significant increase in CEO to median pay ratios from 2019-20 to 2023-24 due to higher variable pay, bonuses, and ESOP-linked earnings, with ITC's ratio rising to 400:1 in FY24. Conversely, firms like Nestle and Bajaj Auto saw reductions. Modest median pay hikes and an abundance of low-cost entry-level resources impacted lower medians. Lateral hiring played a role in pay structures. Shriram Subramanian from InGovern attributes the trend to companies going global. Firms like Grasim Industries and HDFC Life Insurance also saw increases. Shareholders demand performance-linked CEO pay and fair wage practices.
The Economic Times Budget 2024- Scaling India’s Green Energy Transition and Economic Growth
Preeti Gupta Mohanty, Group CFO of Schneider Electric India, shares insights on India's journey to becoming a $7 trillion economy by 2030 and the pivotal role of the upcoming budget.
The Economic Times Revex has a higher multiplier effect than tax cuts, Capex should grow moderately, say Economists
Economists stress the need for fiscal discipline alongside growth, emphasising strategic capex and efficient revenue spending to meet the 4.5 percent fiscal deficit target by FY26. Eyes are on leveraging the unexpected RBI dividends and boosting private investment by increasing consumption drivers.
The Economic Times MSME Act proposed to be amended to ensure expeditious payments
The Indian government plans to amend the MSME Development Act, 2006, to expedite payments to MSMEs with a more effective 45-day rule and online dispute resolution for overdue payments. Buyers will owe interest at three times the RBI's rate if they miss the payment window. Additionally, the amendments will incorporate energy efficiency, decarbonisation, and updated income tax provisions. Centres of excellence will be established to enhance MSME exports by addressing information gaps and promoting best practices through collaboration with the Department of Science & Technology and the Council of Scientific and Industrial Research.
The Economic Times Tax sops for sovereign, pension funds extended by a year
The Central Board of Direct Taxes (CBDT) has extended tax exemption for sovereign wealth funds and pension funds in India until March 31, 2025. The exemption allows these funds to claim tax benefits on dividend income, interest income, and long-term capital gains from infrastructure investments made by these entities in India. The move was introduced in 2020 under Section 10 (23FE) under the Income Tax Act to encourage long-term investments in critical infrastructure projects.
