Friday, Jan 27 2023 | Time 15:45 Hrs(IST)
image
Business Economy


ANMI submits proposal to CBDT for reforms in Union Budget 2023

Mumbai, Nov 28 (UNI) The Association of National Exchanges Members of India (ANMI), on behalf of its 900 stock-brokers of national exchanges, has submitted a proposal to Central Board of Direct Taxes chairperson Nitin Gupta recommending for the much-needed reforms in upcoming Union Budget 2023 for its positive impact on development of the Indian Capital Market.
ANMI's leadership team met Gupta in Delhi last week and presented their suggestions for their consideration.
Commenting on the development, Kamlesh Shah, president of ANMI, said, “For enhanced GDP growth, the Government needs to incentivise and encourage equity investment. In this regard, we have submitted our recommendations which covered challenges that should be addressed in the upcoming Union Budget. Implementing these reforms would have a significant impact on the growth and development of our markets.”
ANMI had made various recommendations which includes to provide Tax Exemption up to Rs one lakh in Short Term Capital Gains under section 111A, reduction in classification of income and industry status for SEBI registered market intermediaries and others, he added.
UNI AAA SS GNK
More News

Worldline launches Buland Bharat digital payments suite for stronger & inclusive India

27 Jan 2023 | 2:57 PM

Mumbai, Jan 27 (UNI) Worldline , a global leader in payments services, on Friday said it has launched Buland Bharat digital payments suite, which is designed specially keeping in mind the needs and wants of small and medium businesses (SMBs) in India.

see more..

Jio launches true 5G across all 6 states of North-East circle

27 Jan 2023 | 2:55 PM

Mumbai, Jan 27 (UNI) Reliance Jio on Friday said it has launched its True 5G services across all six states of North-East circle by connecting seven cities namely, Shillong, Imphal, Aizawl, Agartala, Itanagar, Kohima, and Dimapur with the transformational Jio True 5G network.

see more..

Edelweiss MF Launches Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund

27 Jan 2023 | 2:55 PM

Mumbai, Jan 27 (UNI) Edelweiss Asset Management Limited on Friday said it launched Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund, India’s first passive short-duration index fund.

see more..

27 Jan 2023 | 1:33 PM

Hyderabad, Jan 27 (UNI) Generic drug maker Dr. Reddy’s Laboratories Limited on Friday announced the launch of Dr. Reddy’s Difluprednate Ophthalmic Emulsion 0.05%, a therapeutic generic equivalent to Durezol® in the U.S. market.

see more..
Rupee falls 7 paise against USD

Rupee falls 7 paise against USD

27 Jan 2023 | 10:38 AM

Mumbai, Jan 27 (UNI) The Rupee on Friday slipped 7 paise at 81.65 in the opening trade against the US Dollar on rising demand for US Dollars by bankers and importers, dealers at Foreign Exchange said.

see more..
image