MARKETS
INSIGHT
A tax that can be unsettling
THE proposal to introduce a turnover tax has created a minor pandemonium in the market. Investors and traders are used to paying tax on profits, not on turnover. The Finance Minister's decision to impose such a tax is, ...
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MUTUAL FUNDS
Rating of MFs enhances efficiency in the market
THE growing importance of mutual funds in India is evident from the fact that total assets under management as on March 31, 2004 stood at around Rs 1,40,000 crore, a growth of nearly 28 per cent over the FY2003 figure. While retail participation ...
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Post Budget — MFs lose comparative advantage?
AS you read this on Monday morning, you have probably already factored in the Budget and the various provisions related to taxation. You have also probably started working out those little mental sums, the ones that would form the very basis of ...
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STOCK MARKETS
Bajpai to meet Chidambaram today
THE Securities and Exchange Board of India (SEBI) Chairman, Mr G.N. Bajpai, will meet the Finance Minister, Mr P. Chidambaram, here on Monday. Indications are that the Budget proposal on levy of 0.15 per cent tax on transactions entered in a ...
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Hope and caution - the buzzwords
Thanks to the Government's prompt and flexible response, it appears that transaction tax crisis may be resolved soon treading a middle path. However, the Left's opposition to greater FDI may not wither away soon.
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Infy, Satyam slip
THANKS to strong performance by General Electric co, the US market recovered from its six-week low levels last Friday, but that was enough for the benchmarks to end last week in positive territory. The S&P-500 declined 1.1 per cent last week, ...
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'New tax will cut volume'
THOUGH the domestic players and analysts are hopeful that the proposed tax on the transaction of equities would be modified this week to lessen its possible impact on the market, many have painted a grim picture if it is imposed as envisioned by ...
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Ho jayegi balle balle!
INTERVIEW
`Be very cautious for next couple of months'
THE Budget will in all probabilities dampen sentiments... the market could well move sideways from here". That was Mr Rajat Prasad, MD of RR Financial Consultants, doing a quick assessment of the Finance Minister's latest exercise. The New ...
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