MINIMUM INCOME
Govt removes MEP of rice, onions
The central government has removed the minimum export price on onions and basmati rice and reduced the stock holding limit for wheat to boost market supply. This decision comes ahead of key state elections, including in Maharashtra and Haryana, where these commodities are crucial for local farmers and traders.
US Treasury sets rules for 15% minimum tax on biggest, most profitable companies
The Treasury said in a statement that the tax would apply to companies with annual average adjusted financial statement income of $1 billion or more. These companies often use income deductions and other strategies to minimize their net income and federal income tax, in some cases to zero.
NCD issues from 3 finance companies offer 9-10.75% returns
Retail investors can explore Non-Convertible Debenture (NCD) public issues from Muthoot Fincorp, Indostar Capital Finance, and Sammaan Capital, offering returns between 9% and 10.75% over 2-10 years. These NCDs provide higher interest rates than bank deposits due to their AA ratings and offer various payout options.
Luxury property frenzy set to drive up home prices in India: Reuters poll
Home prices in India are predicted to rise steadily, driven by demand for luxury properties from wealthy individuals. Affordable housing supply remains low, pushing many first-time buyers into renting. Experts forecast home prices to increase significantly in the coming years, despite a slow economic growth reach for the broader population. Rents in major cities are expected to rise faster than consumer inflation, adding pressure on urban dwellers.
Brazil is another addition to existing tailwinds, but be selective: 5 sugar stocks with upside potential of up to 23%
The recent phase of upward movement in sugar stocks has come on the back of reports that fire in Brazilian sugar cane fields is likely to lead to shortage of sugar in the global market. It is not only this year, but even next year the impact of these fires will be felt by Brazil which is the largest exporter of sugar. Should that be the reason for the stocks to be bought, or there is more to India's sugar story? Probably second, because there is more to the sugar story than the shortage of sugar which has led to sugar prices.
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UPS differs from OPS in pension calculation, minimum pension amount, lumpsum payment, employee contribution
Unified Pension Scheme: The govt announced the Unified Pension Scheme (UPS) for government employees on August 24, 2024. The new pension scheme is a mix of the old pension scheme (OPS) and the national pension system (NPS). However, the UPS seems to be a better deal for government employees than OPS. Read on to know why.
Unified Pension Scheme: Who qualifies?
Prime Minister Narendra Modi’s government approved the Unified Pension Scheme (UPS) on August 24, benefitting 23 lakh government employees starting April 1, 2025. Employees under the current National Pension Scheme can opt for the UPS, which assures pensions, family pensions, and inflation adjustments. This decision was praised by BJP states, while others demanded a return to the Old Pension Scheme.
Top four investment options for senior citizens for monthly income during retirement, earn up to 9.5% return
Senior citizen investment options: Below, you'll find a compilation of four investment opportunities tailored for senior citizens to help them generate reliable monthly income during their retirement years. The objective is to assemble a retirement portfolio that strategically incorporates these investment options.
These ITR filers have only 10 days left to verify their ITRs else ITR invalid
ITR refund: You won't get tax refund without verifying the filled up and submitted income tax return (ITR). As per CA Twinkle Jain, "If an ITR is not verified within this (the 30 day) period, it is considered invalid. This means that any tax refund claims associated with these ITRs will not be processed & the taxpayer may have to file the ITR again, resulting in a delay in the tax refund process."
Majority blue-collar jobs pay less than Rs 20,000 per month: Report
WorkIndia's report reveals that over half of blue-collar jobs in India offer salaries of Rs 20,000 or less per month. Around 29.34% earn between Rs 20,000-40,000, leaving limited room for savings. A mere 10.71% of roles provide more than Rs 40,000 per month, often in field sales and back office jobs. This highlights significant economic struggles for many and suggests the need for skill development and wage reforms to improve the situation.
Dhirendra Kumar on long-term investment & art of taking minimum risk
Dhirendra Kumar, CEO of Value Research, discussed his disciplined spending and investment strategies, emphasizing the importance of delayed gratification and careful financial planning. He categorizes expenses into essential, efficiency-boosting, and pleasure. Kumar's approach has led to his financial freedom, and he advises aspiring for financial independence and early retirement while ensuring a balanced lifestyle.
Sugar sector: Ethanol price hike & aggressive implementation on the way? 5 sugar stocks with upside potential up to 25%
On Tuesday when the whole market was crashing, it was select sugar stocks which were amongst the gainers. There were some reports which suggested that the government might soon be hiking the price of ethanol. Also the government would be getting more aggressive with the implementation of blending with petrol. Yes, it might happen, but the question is that whether price hike is the reason why one should be bullish on sugar stocks or the fact that sugar industry has become a part of the clean energy chain and their balance sheet has become better than what it use to be, debt levels are better and growth would be consistent. Knowing the reason and understanding is critical because when you know the reason it helps in staying with stocks till the time the whole growth story plays out, if one does not know the reason and has bought it on hear say one might just sell in any corrective move which market is bound to witness at regular intervals.
Why Donald Trump's and Kamala Harris' proposals to end taxes on workers' tips would be difficult to enact
Both Donald Trump and Kamala Harris revealed plans to remove federal taxes on tips for workers. Experts indicated that the move would be complex, costly, and might largely benefit higher-income workers instead of low-wage earners. Specific details on whether income, payroll taxes, or both would be exempt remain unclear.
LIC wants to double AUM to Rs 100 lakh crore within 5 years; focus on top-line growth: Siddhartha Mohanty
LIC CEO Siddhartha Mohanty noted an increase in AUM to Rs 53.58 lakh crore, marking 16.2% growth. Operational efficiency improved, leading to a lower expense ratio. The company’s focus on non-par products has boosted margins. Mohanty aims to double AUM to Rs 100 lakh crore within five years, emphasizing sustainable growth.
Kamala Harris says she supports eliminating taxes on tips, like Trump
On Saturday, U.S. Vice President Kamala Harris promised to eliminate taxes on tips and raise the minimum wage, echoing a stance similar to Donald Trump’s. During a campaign stop in Nevada, she emphasized support for service workers and pledged to address consumer prices and corporate practices. Harris also outlined her commitment to tackling big corporations and lowering drug prices.
As valuations soar, staying with a select few is better option: 5 real-estate stocks with upside potential of up to 39%
Like business and economic cycles, stock markets also have cycles where they will take a liking to a particular sector in such a manner that valuations will go through the roof. Then comes a phase, where the same sector is thrown down the dumps. Real estate sector is one sector where in 2008, valuations were at their peak. then come and fall and by the start of 2020 valuations were in the dumps. After the recovery of the last four years real estate stocks have reached the level where they are not as cheap as they were in 2020 nor they have reached levels where one can say a bubble has formed. So, while taking exposure to the real estate sector it would be better to stay with select stocks, where management has learnt how to deal with both good and bad times. Also they operate in a region where the average income is higher. Exposure to both office and residential real estate is extremely important to ensure debt which is bound to be there is served with trouble.
Latest income tax slabs and rates in new, old tax regime for FY 2024-25 (AY 2025-26)
Latest income tax slabs for FY 2024-25: Here are the latest income tax slabs that will be effective for the current financial year after Budget 2024. The budget was presented in July instead of February due to the Lok Sabha Elections 2024 held in April, May, and June, as opposed to the usual February presentation.
UK pauses Sunak government's move to raise minimum income threshold for Family Visas
The UK has halted its proposed rise in the minimum income requirement for family visas, impacting Indian families. The existing GBP 29,000 threshold remains until the Migration Advisory Committee reviews its effects on families and sectors like IT and engineering, which rely heavily on international recruitment.
Paying income tax is not enough, you must file the ITR to avoid jail in certain cases
ITR filing: You must remember to file the ITR by July 31, 2024 and also pay any pending income tax amount (if any). "There are legal provisions in the Income Tax Act that can lead to imprisonment for not filing income tax returns (ITRs) or not paying income tax when liable," says Priyanka Jain, associate partner, Vaish and Associates.
Who should switch from old to new tax regime after Budget 2024? Here's the math
Old vs New Income Tax Regime 2024: New income tax slabs in new tax regime: The income tax slabs under the new tax regime has been changed in the Budget 2024. The new income tax slabs will come into effect retrospectively from April 1, 2024. Now, there may be some individuals who are still paying their taxes under the old tax regime. Does it make sense for them to switch to new tax regime now?
Budget may include implementation of global minimum corporate tax rate
Union Budget Tax Expectations: India’s adoption of OECD's Pillar 2, implementing a 15% GloBE tax rate for multinationals, may be announced. This could benefit MNEs through rules like Income Inclusion. Insights from Akhilesh Ranjan and MSKA highlight GIFT city implications. Abhishek Goenka notes UAE's 9% rate advantage. Provisions may enter India's Income-tax Act or involve stakeholder feedback. Effective compliance is key.
Budget 2024 Expectations: Atal Pension may double minimum payout to Rs 10k
Budget 2024 Expectations: The government is considering doubling the minimum guaranteed amount under the Atal Pension Yojana to Rs 10,000 in the upcoming budget, according to sources. This decision, which is expected by July 23, is being evaluated for its fiscal impact while aiming to strengthen the social security framework as the government prepares to implement the labor code on social security.
Rice exporters rally over 9% amid likely easing of curbs
The government's plan to relax rice export restrictions led to share surges in Kohinoor (9.6%), Chaman Lal (8.8%), KRBL (7.1%), and LT Foods (5.96%), aiming to avoid an October glut and tackle food inflation. Key points include Minimum Export Price, sector rotation, rural focus, biogas policy, Russia's impact, Geojit Financial Services, agricultural waste, and the agro-economy.
Failure to tax world's richest means global tax needed: report
The idea of a global tax on the richest is already supported at the G20 by Brazil, France, Spain and South Africa -- although the United States has opposed it. Tuesday's report by economist Gabriel Zucman calls for a coordinated minimum tax standard for ultra-high net worth individuals, arguing "the very wealthy benefit from a gigantic tax privilege".
Government focus on agriculture, rural income to sustain tractor demand: Swaraj Engines
The government's agricultural focus in India, along with initiatives to boost rural incomes, is expected to sustain tractor demand despite a 7 per cent industry sales decline reported by Swaraj Engines Ltd. The company's annual report highlights opportunities in the horticultural segment and factors like increased affordability, demand for farm mechanisation, and government efforts to improve agriculture. Swaraj Engines foresees its engine business aligning with the industry's growth trajectory.
No monthly minimum charges for domestic power consumers: Haryana CM
Haryana Chief Minister Nayab Singh Saini announced the abolition of monthly minimum charges for domestic power consumers, stating that electricity bills will now be based solely on the number of units consumed. This move aims to provide relief to electricity consumers in the state. Saini launched the "Pradhan Mantri Surya Ghar Muft Bijli Yojana" in Ambala, which offers subsidies for setting up rooftop solar plants.
Elections still on for them? But macro structure has changed for good: 5 sugar stocks with upside potential of up to 27%
In a sector, where government policies have a major impact, the risk of any change in policy impacting the players is always present. That is the reason why the valuations of these stocks from such sectors don't cross a certain threshold. Probably the sugar sector tops the lists of such sectors and the reason is because both the central and state governments have some say in the policy making. While the general elections are over, there are many states which have exposure to the sugar sector and state elections are going to be held there over the next couple of quarters. So a narrative might get built against the sugar stocks. What needs to be done, make a distinction between the reality that the balance sheets of these companies are much stronger than what they were, their business model is not just about sugar, but about part of the clean energy which is something which is going to grow.
Election Result 2024: Narendra Modi-led NDA wins world's largest elections, but there's a lot to brood over
Election Result 2024: The BJP-led National Democratic Alliance (NDA) is struggling to achieve the 400-seat target set by Prime Minister Narendra Modi in the 2024 Lok Sabha election. Falling short of the 272-seat majority mark, the BJP will need support from key allies like Chandrababu Naidu's TDP and Nitish Kumar's JD(U) to form the next government. Unemployment, inflation, inequality, farmers' protests, and concerns over a repressive government are major challenges for the new NDA coalition government.
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