As the Narendra Modi-led NDA government prepares its first full budget in its third term, investors are hopeful for relief in capital gains taxes. Simplifying long-term capital gains could help investors rebalance their portfolios while it could help governments ensure better compliance and more tax collections.

India: Capital gains tax in focus in budget

In the upcoming full budget presentation this July, the Indian government plans to continue its recent approach introduced in February's interim budget by eschewing specific disinvestment targets. Instead, disinvestment proceeds will be categorized under capital receipts, aligning with earlier practices this year. The shift is a strategy from target-driven to value-oriented disinvestment. Historically, the term 'disinvestment' first appeared in union budget documents in 1991-92 with a target of approximately $302 million at current exchange rates. By fy21, this figure had surged to around $25.3 billion, encompassing sales of government stakes in central public sector undertakings, public sector banks, and financial institutions.

Indian budget: Emphasis on asset monetisation

Indian budget: Disinvestment under capital receipts

We look at what investors will track this week from the macro point of view. The Federal Reserve's preferred inflation indicators are expected to show the most moderate monthly rises since the end of last year. This could pave the way for interest rate cuts as early as September.

Investors will eye India's fiscal data ahead of budget

Union finance minister Nirmala Sitharaman led pre-budget discussions with finance ministers from states and union territories to gather their input. Following this, the 53rd meeting of the goods and services tax council took place with the stakeholders...

Focus on India's budget 2024

It has not been many days since Tory MP submitted letters of no confidence against Prime Minister Rishi Sunak and he is facing a leadership contest in the United Kingdom. Now the question arises that who are the Tory leadership hopefuls that are already lobbying to replace Sunak? Watch in for more details!

UK: Tory leadership hopefuls lobby to replace PM Rishi Sunak

Focus on India's Union Budget 2024 under Modi 3.0: The questions doing rounds include, Can the government balance financial assistance to states which have supported in forming the coalition and maintaining fiscal discipline. Watch in for more details!

India | Budget 2024: What challenges will Nirmala Sitharaman face?

Pakistan on Wednesday announced a nearly 15 per cent hike in its defence spending and allocated Rs 2,122 billion in the 2024-25 budget, marking a significant increase from last year amidst strenuous efforts to secure a fresh loan from the IMF to meet the cash-strapped nation's external liabilities.

Pakistan hikes defence budget by nearly 15 per cent in 2024-25

Pakistan's coalition government is set to unveil ambitious fiscal targets in its 2024/2025 budget today. The country aims to secure a crucial bailout from the international monetary fund. Officials and analysts anticipate that the budget will be contractionary. Aiming to bridge the gap between revenue collection and total expenditure.

Pakistan: PM Sharif's tough reforms under pressure

Taylor Swift's influence is impacting every corner of the world and how after boosting economies and setting Trends with her Eras Tour Swift has now reached the halls of Canada's governmental Chambers. The billionaire singer has found a place in the Canadian budget as in the recently unveiled 2024 budget proposal to the Canadian government introduced a groundbreaking policy aimed at curbing fraudulent concert ticket reselling.

Canada 2024 budget: Taylor Swift finds a spot

Building on his Thursday State of the Union speech, US President Joe Biden's first volley in his re-election battle with former US president Donald Trump is a new budget proposal. The US president's new proposal includes a $7.3 trillion budget for the fiscal year 2025.

US: Biden's budget plan an opening Salvo in his re-election battle

Aramco raised its dividend despite falling output and oil prices. The $31 billion payout gives a financial boost to Saudi Arabia while its budget deficit continues to grow.

Aramco's $31 bn boon for Saudi budget

UK Finance Minister Jeremy Hunt has presented a crucial pre-election budget. This is possibly the final fiscal event before what is set to be a challenging general election for the ruling conservative party. Hunt has announced that the government will abolish the non-domiciled tax status, implementing a long-standing policy priority for the main opposition labour party. Watch to know more!

UK Finance Minister Jeremy Hunt announces tax cut of 2 pence off National Insurance

UK Finance Minister Jeremy Hunt has presented a crucial pre-election budget. This is possibly the final fiscal event before what is set to be a challenging general election for the ruling conservative party. Hunt has announced that the government will abolish the non-domiciled tax status, implementing a long-standing policy priority for the main opposition labour party.

UK: Finance Minister Jeremy Hunt presents Spring budget

Prime Minister Narendra Modi's marathon meeting with his council of ministers has brought to light crucial discussions on India's future trajectory. At the heart of this gathering was the unveiling of the 'Viksit Bharat 2047' vision document, outlining a comprehensive roadmap for the nation's development. But can it really prove effective in the face of growing geopolitical uncertainties? While recent reports highlight India's economic resilience and projected growth, challenges persist on the development path. Geopolitical instability, subdued global demand, and high debt-to-GDP ratios present formidable obstacles.

Spotlight on 'Viksit Bharat 2047' vision

The Chinese government has proposed a defense budget of 1.67 trillion yuan ($231 billion) for the 2024 fiscal year, a 7.2 percent year-on-year increase, according to a draft budget report submitted to the national legislature on Tuesday morning.

NPC: China raises defence spending by 7.1 percent, to improve childbirth policies

To strengthen his ailing conservative party before the election, Jeremy Hunt must provide eye-catching tax cuts in his yearly budget next week. That even as the UK public finances are fragile. A Bloomberg report quoting sources showed that on March 6, the chancellor of the exchequer will announce personal tax cuts of at least 1 percentage point off either the basic rate of income tax or national insurance.

UK's Jeremy Hunt trapped between tax cuts & fragile finances

The Delhi government has announced its budget for the financial year 2024-25. Finance minister Atishi presented the budget in the state assembly and spoke about how Delhi has transformed in the last 10 years under the Aam Aadmi Party government.

Delhi Govt presents FY25 budget, focus on SOPs & 'Ram Rajya'

Six Congress MLAs who defected to support the BJP during the recent Rajya Sabha election have been disqualified from the Himachal Pradesh Assembly. Speaker Kuldeep Singh Pathania announced their disqualification on February 29, citing violations of the anti-defection law.

Six Congress MLAs disqualified from Himachal Pradesh Assembly for cross-voting BJP

Amidst the ongoing political drama in the state capital Shimla, the Himachal Pradesh Assembly budget session came to an abrupt end as the budget was passed. Watch in for more details!

India: Budget passed in Himachal Pradesh House, session adjourned indefinitely

Argentina under its libertarian president Javier Milei achieved a budget surplus in January, the first full month of his presidency.

Argentina achieves first budget surplus since 2012

WION's exclusive interview with Dr. V Anantha Nageswaran, the Chief Economic Advisor to the Government of India. What are the risks to the robust growth outlook for India, which the government says will be a developed economy by 2047? Watch to learn more about the thought process behind the government's focus on women, farmers, the poor, and the youth. Watch the candid conversation with the Chief Economic Advisor to the Government of India, who breaks down India's fiscal discipline plan and calls the path "realistic", not "ambitious".

Chief Economic Advisor on India's interim budget

In the latest episode of WION's "Billion Dollar Idea" show, the spotlight is on Shrinivas G. Shirgurkar, the driving force behind India's largest manufacturer of machine tools - Ace Micromatic Group. Ace Micromatic is a pioneer in the manufacturing sector, revolutionising industries with state-of-the-art technology and is recognised for its expertise in precision machine tools and automation solutions. Join Jasper Reid as he delves into Shrinivas G. Shirgurkar's leadership journey at Ace Micromatic Group. Shirgurkar, Benedict Machado and their mentor, Ashok Sathe, built the specialist firm. Together, they transformed an idea into a multi-million-dollar company. For a closer look at Shirgurkar's journey and to discover what he envisions as his lasting impact, don't miss the "Billion Dollar Idea" show. Watch the unfolding narrative of leadership, innovation, and success in manufacturing solutions.

Billion Dollar Idea episode 13 - Ace Micromatic Group

Decoding India's interim budget. How India spends every rupee. India unveiled a $580 billion interim budget for the next Fiscal year which begins on April 1st but have you ever wondered how the government earns and spends each rupee accounted in the budget? Watch to know more!

India unveils $580 billion interim budget for New Fiscal year

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