Union Budget 2020: FM rejigs income tax slabs, some relief for real estate, rural and agriculture sectors

In the Union budget 2020-21, Finance Minister Nirmala Sitharaman rejigs in personal tax rates, sops to lift real estate, an extension of LTCG threshold and removal of dividend distribution tax and improvement in spending on infrastructure and reduction in GST  with respect of automobile. Individual tax slabs rejigged Those earning up to Rs 5 lakhs…

What is a debt-fund?

A debt fund is a mutual fund scheme where the money is predominantly invested in fixed-income securities like government securities, debentures, corporate bonds, commercial papers, and other money-market instruments.  The issuer of debt instruments pre-decides the interest rate you will receive as well as the maturity period. Hence, they are also known as ‘fixed-income’ securities.…

What is deficit financing?

An excess of estimated expenditure over the estimated revenue over a specific period of time is known as fiscal deficit. The term deficit financing is generally referred to as a technique used by a government to manage the ‘Fiscal Deficit’ in budgetary situations. Governments across the world normally resort to cover the deficit (the gap…

Permissible activities of IFSC Banking Units (IBUs)

The Reserve Bank of India on Tuesday (21/01/2020) issued directions relating to IFSC Banking Units (IBUs)  governed under  ‘Currency Futures in International Financial Services Centre (Reserve Bank) Directions, 2020’ which shall come into force with effect from the date of its publication. IFSC is an abbreviation for International Financial Services Centres and IFSC Banking Units…