EOD UPDATE 25-08-2019

Government Clarifies On Foreign Investors Surcharge, Experts Say Benefits Limited

The decision to roll-back surcharge came weeks after FPIs turned net sellers of stocks after levy of surcharge in the Union budget.

PM Modi Launches RuPay Card in United Arab Emirates

RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India’s vision to have a domestic, open and multilateral system of payments.

Economic Growth Measures, Crude Oil Prices To Guide Markets: Experts

In one of the measures, the government on Friday rolled back higher surcharge on foreign and domestic portfolio investors.

Assets under gold ETFs jump to Rs 5,000 cr in first 4 months of FY20

More Measure Needed To Tackle Economic Slowdown: Report

According to the report, more measures might be needed to give a fresh start to the lending cycle of non-banking financial companies (NBFCs).

India Needs Single Corporate Tax Rate Of 25%: KPMG

The government recently announced that tax rates for companies with over Rs 400 crore turnover will be gradually cut to 25 per cent.

New Measures To Help Economy Grow In Coming Months: Industry Body

CII also said that removal of the surcharge on FPIs and amendments to the FPI regulations is expected to boost investor sentiments.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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