Mar 01, 2013, 06.22 PM IST
The proposal to increase income limit, avenues and time frame for retail investors under the RGESS is expected to invite a higher degree of retail participation in the Indian capital markets over the medium term.
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Budget Reactions: Budget focus on RGESS to boost retail investment: ICRA
The proposal to increase income limit, avenues and time frame for retail investors under the RGESS is expected to invite a higher degree of retail participation in the Indian capital markets over the medium term.
Like this story, share it with millions of investors on M3
Budget Reactions: Budget focus on RGESS to boost retail investment: ICRA
The proposal to increase income limit, avenues and time frame for retail investors under the RGESS is expected to invite a higher degree of retail participation in the Indian capital markets over the medium term.
ICRA
Get full Budget coverage
The proposal to increase income limit, avenues and time frame for retail investors under the RGESS is expected to invite a higher degree of retail participation in the Indian capital markets over the medium term.
Allowing Mutual Fund distributors to become members of the stock exchange could also help increased channelization of retail savings into capital markets.
Simplification of KYC norms for FIIs and elimination of ambiguity in classification between FII and FDI could ensure greater FII registration and enhanced flows over the medium term.
Introduction of commodities transaction tax is expected to impact volumes on the commodities exchange in the near term. However, over the medium term, the extent of the proposed taxation (0.01%) may not be strong enough to disrupt proprietary activity and consequently growth of the segment may not be significantly impeded.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: People
Subrata Ray
Sr. VP & Co-head corporate | ICRA
reaction on: Business
Sanjay Baweja
CFO | Tata Communications
reaction on: Business
Sanjay Kaul
Managing Director & Chief Executive Officer | NCMSL
reaction on: Business
Ameera Shah
MD & CEO | Metropolis Healthcare
reaction on: Policy
Gagan Banga
CEO | Indiabulls Financial Services
What got Cheaper / costlier?
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