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Mirae Asset Mutual Fund launches Mirae Asset Flexi Cap Fund

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Should you opt for the new tax regime 2023?

Budget 2023 has pushed for adoption of the new tax regime in a big way. The major changes are the introduction of the Rs.50,000 standard deduction, full tax rebate for those earning up to Rs.7 lakh a year and a lower tax surcharge of 25% on super rich taxpayers earning...

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Ease of GST compliance: Still a distant dream

India’s biggest tax reform, the Goods & Services Tax (GST) was introduced on 1 July 2017. The journey of GST in India has been a roller-coaster ride with many hits and misses. Since its inception, the Government has considered several legal and procedural changes to simplify the tax system for...

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Budget 2023: Does it move the needle enough for the green energy sector?

Budget 2023 came with proposals for whopping investments towards ‘Green Growth’ which was recognised as one of the Saptarishis (seven priorities) to lead India into Amrit Kaal (auspicious period for new opportunities). The government’s initiatives towards a net zero energy transition are a hearty welcome specially for the renewable sector....

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Axis Bank says exposure to Adani Group at 0.94 pc of total loans

Private sector lender Axis Bank on Saturday said its exposure to crisis-ridden Adani Group stands at 0.94 per cent of its net advances. “We extend credit, basis comfort on cash flow, security, and repayment capability of obligors as per the Bank’s credit assessment framework. We remain comfortable with our exposure...

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Schemes for MSMEs in Budget to help boost exports: AEPC

Various schemes, including a revamped credit guarantee scheme, announced in the Budget to support MSMEs and exporters will help promote the country’s exports, AEPC said on Thursday. Finance Minister Nirmala Sitharaman in her Budget speech said a revamped credit guarantee scheme for MSMEs with an outlay of Rs 9,000 crore...

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Insurers may seek tweak in plan to end sops

Mumbai: Life insurance companies, which garner premiums that often fund long-gestation infrastructure projects, are likely to approach the Centre seeking some tweaks to the budget announcement that scrapped tax benefits for large-ticket traditional plans while making rebate-linked savings unattractive for the average taxpayer. Senior insurance executives said suggestions from companies...

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Mutual funds have low exposure to Adani companies

Mutual funds have low exposure to listed Adani Group companies, whose shares have dropped since publication of a report into the group by Hindenburg Research on Jan. 24. On Wednesday, Adani Group stocks extended their losses since the appearance of the report to $72 billion. Hindenburg criticised the conglomerate for...

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From audits to notices, untangling the GST regime for taxpayers

Over the last couple of years, the number of GST audits initiated by the department and notices greeting the taxpayers has significantly gone up. There has been a significant surge in investigations by the GST authorities as well. However, the experience of taxpayers with departmental audits under the GST regime...

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