by OverviewFx | Aug 11, 2023 | Budget
The government has said only those life insurance policies that have an aggregate premium of Rs 5 lakh will be exempt from tax in the new fiscal. “It is proposed to provide that where aggregate of premium for life insurance policies (other than ULIP) issued on...
by OverviewFx | Aug 11, 2023 | Budget
The Union Budget 2023 was tabled on Wednesday by the Finance Minister of India. The budget presented by Nirmala Sitharaman attempts an inclusive growth structure for the economy through various measures that are expected to reach the last mile.Bankers say that it is a...
by OverviewFx | Aug 11, 2023 | Budget
(Image: Reuters)Yesterday when the Economic Survey was released, the Chief Economic Advisor-V. Anantha Nageswaran said “India’s economic recovery is now complete, India will perform well this year.”This is a testimony to the fact that all the macroeconomic challenges...
by OverviewFx | Aug 11, 2023 | Budget
Nirmala Sitharaman, Union Finance Minister of India delivered a populist Budget on February 01, 2023, keeping all sectors in mind. NBFC leaders believe that it is a capex-heavy budget with an announced 33% increase in capex.They also believe that the income tax...
by OverviewFx | Aug 11, 2023 | Budget
Finance minister Nirmala Sitharaman has announced a slew of measures to enhance business activities in GIFT IFSC (International Financial Services Centre) in Gujarat including delegating powers under the SEZ Act to IFSCA to avoid dual regulation.In the Union Budget...
by OverviewFx | Aug 11, 2023 | Budget
The government has sought to give a boost to divestments in the public sector banks by giving incentives for carrying forward losses of such lenders.”To facilitate certain strategic disinvestments, it is proposed to allow carry forward of accumulated losses and...
