Tag - Indian Markets

February 2015

Highlights of Union Budget 2015-16

Highlights of Union Budget 2015-16, India, Jaitley

Following are the Highlights of the Union Budget 2015-16.
You may read the key features of the budget here.
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Taxation:
Abolition of Wealth Tax.
Additional 2% surcharge for the super rich with income of over Rs. 1 crore.
Rate of corporate tax to be reduced to 25% over next four years.
Total exemption of up to Rs. 4,44,200 can be achieved.
100% exemption for contribution to Swachch Bharat, apart from CSR.
Service tax increased to 14 per cent.

Agriculture:
Rs. 25,000 crore for Rural Infrastructure Development Bank.
Rs. 5,300 crore to support Micro Irrigation Programme.
Farmers credit – target of 8.5 lakh crore.

Infrastructure:
Rs. 70,000 crores to Infrastructure sector.
Tax-free bonds for projects in rail road and irrigation
PPP model for infrastructure development to be revitalised & govt. to bear majority of the risk.
Rs. 150 crore allocated for Research & Development
NITI to be established and involvement of entrepreneurs,researchers to foster scientific innovations.
Govt. proposes to set up 5 ultra mega power projects, each of 4000MW.

Education:
AIIMS in Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
IIT in Karnataka; Indian School of Mines in Dhanbad to be upgraded to IIT.
PG institute of Horticulture in Armtisar. (more…)

July 2010

Indian Markets are outperforming ….

Indian Markets are outperforming , Sensex, Nifty, Stocks, Global Indices, Sensex compared to DOW

The Indian Stock Markets are outperforming other markets over the past month and a half.  As seen in the charts above, the out performance of the Indian Markets started in May 2010.  How long this goes on is anybody’s guess.

However, this out performance is sweet for Indian investors; especially because (1 ) There is a heavy impact of the European crisis on Stocks worldwide and (2) – the US markets are demonstrating serious weakness in near term especially with Dow below 10,000 and S&P Index below 1050.

In India, well — The tax collections are up.  Corporate performance in Q1 is expected to be better, at least by 15%.  Monsoon is active again and covered almost all the areas ten days in advance. Earnings season will begin soon.

The above factors are seemingly having a favorable impact on markets.

It will be interesting to see the performance of the markets vis-à-vis the US Markets in the coming weeks and months.