A higher tax buoyancy than 2022-23 is among the most crucial assumptions in the 2023-24 Budget. Tax buoyancy measures changes in taxes per unit change in GDP. Here are four charts that explain why this assumption is critical, and provide a wider context to the Budget’s tax calculations. Gross TaxContinue Reading
Union finance minister Nirmala Sitharaman said the new tax system will be the default, with the old system remaining an option. Presenting the last full budget of the Narendra Modi government before the 2024 Lok Sabha election, Sitharaman raised the income tax rebate cap under the new tax system fromContinue Reading
Four Adani Group companies’ shares, including Adani Enterprises and Adani Ports, recovered on Friday after taking a significant beating over the previous six days, with many trading near their lower circuit limits. Which Adani Group firms’ stock recovered? 1. Adani Enterprises stock recovered 1.25 per cent to settle at ₹1,584.20Continue Reading
Hinderburg research report alleging Adani group of stocks manipulation and multiple financial fraud has caused the conglomerate to lose $120 billion as all its stocks have fell, wiping out more than half of their combined value. But what has the US based investment research firm gained from it? Hindeburg researchContinue Reading
Among all possible irritants of printers, realising you’re low on ink is right at the top. HP’s attempts to solve that rely on something very basic – our ability to plan. The fundamental differences in ink tank implementation of the HP Smart Tank 580 solves that problem. Could this bringContinue Reading
The brutal stock rout in Gautam Adani’s companies continued Friday, an indication that the billionaire needs to do more to restore confidence in his conglomerate’s financial health after accusations of fraud by Hindenburg Research. The group’s 10 stocks all fell in early Mumbai trading, with $120 billion, or more thanContinue Reading
The Gujarat Cooperative Milk Marketing Federation (GCMMF), famous for Amul brand, has hiked the prices of milk by ₹3 per litre across all variants. GMCCF said in a release: “We would like to inform you that the price of Amul pouch milk (all variants) has been revised upwards as underContinue Reading
Alphabet Inc. will “meaningfully” slow its pace of hiring in 2023, Chief Financial Officer Ruth Porat said. The severance charge for the job cuts will range from $1.9 billion to $2.3 billion and will be reflected in this quarter’s results, Porat said on the company’s earnings call Thursday. Google’s parentContinue Reading
The Union Budget 2023-24, presented by finance minister Nirmala Sitharaman with focus on clean and green energy, may help India not only to achieve its global climate commitments but shift all sectors to adopt energy transition and sustainable practices, Vibha Dhawan, director general, The Energy and Resources Institute (TERI), tellsContinue Reading
The Congress turned the heat on the government over the Adani row based on reports that former UK Prime Minister Boris Johnson’s brother Lord Jo Johnson has resigned as a director of Elara Capital, a London-based firm linked to the Adanis. Hinting that Boris Johnson’s 25-year-old son has some linkContinue Reading