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Research Panel - Yes, Bank shares fall, govt may increase the limit of tax exemption



BUDGET 2019 - 

The government may increase the limit of income tax exemption - If the government raises the tax exemption limit from Rs 2.5 lakh to Rs 3 lakh, then it will add at least 2500 rupees to the country's 5 crore taxpayers. However, the budget deficit will increase if this is done. In the current fiscal year, it has 3.4 percent of GDP. 

Farmers do not have interest on loans up to Rs 1 lakh! - On May 31, 2019, PM Modi held a cabinet meeting after taking the oath. This meeting was said to increase the scope of PM-Kisan scheme. Under this scheme all the farmers, whether they have land or not- they will be given 6000 rupees per year. However, this benefit will not be given to those farmers, who have more than 2 hectares of land.


STOCK NEWS - 

All international traffic rights of Jet Airways meet other companies- Jet Airways was once the country's largest international operator with a 14 percent stake in the Aviation Market. After this Air India came. For routes like India-UAE, Jet Airways used to provide 13,006 seats per week. There were 14 flights per week for Hong Kong. Every week on the India-Qatar route, the company had 8559 seats, 12,076 seats each week on India-Singapore Route and 28 flights per week on the India-UK route. 

MARKET NEWS - 

1) A huge drop in UPL's share - Heavy selling is being seen in UPL's stock with large volumes. In two days this stock has broken more than 15 percent. HSBC has expressed concern in its report that the company's soybean business may be affected. Trade tension, the impact of swine flu in Africa will show on the company's soybean business. The company's soybean business is in Latin America. 

2) Yes, Bank shares fall to 5-year low - UBS Group AG recently reduced Yes Bank's price target because the bank has given loans to low-rated companies. Credit Suisse Group AG had said in April that the bank has given loan to some companies which have a lot of debt. 


Budget 2019 | Market News | Income Tax | Jet Airways Crisis | Yes Bank Shares | Rupee

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  1. CapitalStars07June 27, 2019 at 1:42 PM

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    ReplyDelete

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