From tax benefits on debt funds to NPS: 5 key changes in the finance bill

Lok Sabha on Friday passed the Finance Bill, 2023 with 64 official amendments, including the removal of long-term tax benefits for debt funds that have stirred concerns in the fixed-income mutual fund industry that the measure would turn away investors. Key amendments in finance bill: 1) Debt mutual funds: The government will tax investments in … Read more

Parliamentary panel for allocating 1% of total Union Budget to MEA

The Ministry of External Affairs (MEA) should strengthen manpower in its embassies abroad and set up missions in all UN member states in line with India’ s expanding global stakes and considering the profound changes in the foreign policy domain, a parliamentary panel report said on Tuesday. In the report, the committee on external affairs … Read more

PM Narendra Modi should focus on people, not only on big projects

To economic policy makers in the rest of the world, the annual presentation of India’s federal budget must be a mystifying exercise. It’s less a statement of accounts than a state of the union address, laying out government priorities for the year ahead. Media coverage is carnivalesque: This year, for some reason, one prominent channel … Read more