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Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...

It has been reported that 'Tesla' has entered into an agreement with 'Tata Electronics' to purchase 'semiconductor chips, semiconductor chips US-based electric vehicle company Tesla has been trying to enter the Indian market for a long time. The company's CEO Elon Musk is said to be visiting India later this month and will meet Prime Minister Modi. He is expected to announce major investment decisions such as setting up Tesla Electric Vehicle Industrial Road in India and launching Starlink. Tesla manufactures its own electric motor, battery and charger. Other parts of the wheel are manufactured by contract manufacturers. After the Corona pandemic, the company started sourcing parts from other countries besides China. Tesla is planning to set up an electric vehicle distribution chain in India that includes electronic devices and components for electric vehicles. Following this, sources informed that Tesla has entered into an agreement with Tat...

NEW DELHI: Investments in equity mutual funds stood at Rs 22,633 crore in March last year, the Association of Mutual Funds of India (Ambi) said. This is 16 percent lower than last February's Rs 26,866 crore. Mutual fund Following disciplinary action by SEBI , investments of Rs 94 crore were withdrawn from small cap funds last month. Overall, an investment of Rs 40,188 crore has been made in this sector in the last financial year.  Inflows into mid-cap companies fell 44 per cent to Rs 1,018 crore in March compared to February. Surprisingly, investments in 'large cap' companies rose by 131 per cent to Rs 2,128 crore last month. Investments in 'hybrid' funds fell 69 per cent to Rs 5,583 crore in March from Rs 12,105 crore in February. A maximum of Rs 1.98 lakh crore was withdrawn from debt mutual funds last month. 63,808 crores had been invested in this segment in the month of February.  The value of assets under management by mutual companies declined ...

Today top news, 5000 crore IPO approval, AHF, and issuance of Rs 5 lakh crore in Mudra loan scheme, more news. Top news Disbursement of Rs.5 Lakh Crore in Mudra Loan Scheme HYDERABAD, In the financial year 2023 24, which ended last March, 5 lakh crore rupees were disbursed under the Mudra Loans Scheme and recorded a record growth. Under the 'Pradham Mantri Mudra Yojana', loans to the tune of Rs 5.28 lakh crore have been provided to small businesses in the last financial year 2023-24. It was Rs 4.40 lakh crore in the previous financial year. It is noteworthy that 70 percent of the beneficiaries of these loans are women. Since the loan scheme was announced in 2015, including the provisional figures for the last financial year, up to 46 lakh crore rupees have been disbursed so far, said a senior official of the Mudra scheme. Mudra loans are offered under the 'Chishu' category for loans up to Rs 50,000, loans above Rs 50,000 up to Rs 5 lakh under the 'Kis...

The total market value of companies listed on the Bombay Stock Exchange, Mumbai, BSE, reached 400 lakh crore rupees for the first time yesterday.   What is the market cap of the Indian stock exchange This has been helped by strong performance of 'large, mid and small' cap companies for three consecutive trading days and strong performance of major companies. In nine months, Mumbai Stock Exchange , which is the oldest stock market in Asia, has reached a market value of Rs 400 lakh crore from Rs 300 lakh crore in just nine months. Market experts said: 'HDFC', the bank's strong performance and the good sales situation of the auto industry, have increased the confidence of investors on the country's economy. Additionally, Reliance Industries, the country's largest company by market value, has also performed well. 2014 November Rs.100 lakh crore. 2021 February Rs. 200 lakh crore. 2023 July Rs. 300 lakh crore. 2024 April Rs. 400 lakh crore. Great opportuni...