Diversification of revenue streams has emerged as a critical buffer for brokerage firms amid rising regulatory and tax-related headwinds, according to a report by Crisil Ratings.
Talking about the recalibration of the Securities Transaction Tax (STT) mentioned in the budget, BSE's MD and CEO Sundararaman Ramamurthy said that it is designed to discourage speculation and encourage investor focus on long-term equity participation.
The Pradhan Mantri Kaushal Vikas Yojana (PMKVY), launched in 2015, has skilled 1,60,33,081 candidates till 2024, the government said on Wednesday.
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
Direct tax collections for 2023-24, as on June 17, stood at Rs 3,79,760 crore, compared to Rs 3,41,568 crore in the corresponding period of the last fiscal, representing an increase of 11.18 per cent.
