Finance Minister Nirmala Sitharaman has proposed to tax gains from crypto assets or other digital assets at the rate of 30 per cent. This will happen in the Union Budget for the financial year 2022-23. This provision will be effective from 1st April, 2022. The budget paper does not provide any clarity regarding tax on … Read more
Investors rushed to sell shares of Facebook’s parent company Meta. A Bloomberg report said that the stock market of Meta fell 24% in just one day in the US market. This was mainly due to Meta’s poor earnings. Meta may suffer losses of up to $ 200 billion. Meta may suffer a loss of $ … Read more
As per the price notifications by state-owned fuel retailers on February 6, petrol and diesel prices remained unchanged for 93 days, the longest period. The central government has cut excise duty by Rs 5 per liter on November 4, 2021, to help with prices, which were at an all-time high. Accordingly, the government reduced petrol … Read more
Addressing the post-budget industry interaction with FICCI, Finance Minister, Nirmala Sitharaman assured that India’s recovery will rank it amongst the fastest growing economies. Finance Minister Sitharaman assured India that it is ready to deal with any situation that may arise from global developments such as the US Federal Reserve’s decision not to ease monetary easing … Read more