A proposed government amendment seeking to remove Long Term Capital Gains Tax benefit from debt mutual funds, gold funds, international fund of funds, etc will prompt debt investors to now weigh their decisions entirely based on gross return and merit, instead of tax arbitrage. The government has reportedly introduced an amendment in the Financial Bill […]
The rupee edged up by 2 paise to settle at 81.78 (provisional) against the US dollar in a range-bound trade on Thursday, tracking the weakness of the American currency in the overseas market. Forex traders said significant foreign fund inflows and crude oil prices trading below USD 75 a barrel also supported the local unit. […]
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