A Complete Guide To Technical Trading Tactics, How To Profit Using Pivot Points, Candlesticks & Other Indicat...
Friday, 29 February 2008
Indian Stocks Drop on Higher Taxes; Reliance, Infosys Decline
9:44 pm
Indian stocks fell the most in a week after the government proposed higher taxes on stock market transactions and waivers of some farm loans. Reliance Industries Ltd. and ICICI Bank Ltd. led declines. India plans to increase the short-term capital gains tax, or the levy on securities held for less than a year, to 15 percent from 10 percent, Finance Minister Palaniappan Chidambaram said in today's annual budget. ``Markets are obviously not happy with the capital gains tax,'' said A. Balasubramaniam, chief investment officer at Birla Sun Life...
Finance Minister's Budget Speech
6:35 pm
The following is the Budget Speech of Finance Minister P Chidambaram, as he announced the Budget proposals for the year 2008-09 in Lok Sabha on Friday, February 29, 2008: Mr. Speaker, SirI rise to present the Budget for 2008-09. This House and the United Progressive Alliance Government have bestowed upon me the honour of presenting all five Budgets on behalf of a Government - a rare honour that I have the privilege to share with only one of my distinguished predecessors, Dr. Manmohan Singh.I. THE ECONOMY: AN OVERVIEW2. Honourable Members! The India...
Subscribe to:
Posts (Atom)