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
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
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