The finance ministry is considering extending the holding period for short-term capital gains (STCG) tax on listed securities from one year to three years, bringing equities on a par with some other asset classes in tax treatment. This is among a number of measures for the capital markets that may be announced in the Union Budget for 2018-19. Read more
Foreign banks' India footprint shrinks as domestic competition hots up
Foreign banks are increasingly shrinking their presence in India and are also becoming more conservative than private and public sector counterparts. While many of them have sold some of their businesses in India as part of their global strategy, some are trying to keep their core expertise intact.
Others are branching out to newer areas to continue business momentum. Read more
Expanding Metro Footprint-I: Network set to grow fourfold in seven years
With just over a three per cent share of the global Metro rail network of more than 13,200 km across 55 countries, India is far behind the big boys such as China, Russia, the US, or South Korea. And half the network is in just one city — Delhi (231 km).
In the nine other cities that also offer Metro rail services, the network runs only on very limited routes, from as low as eight km in Lucknow to a laughable 20 km in the metropolis of Mumbai. Read more
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