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TMS, Ep 100: Cryptocurrency tax, defence industry, markets, and green bonds

How will new tax rules impact crypto investors? How will the domestic defence industry get a fillip? Why are bond yields rising after Budget 2022? Get answers to these questions in today's episode

Topics
Budget 2022 | Nirmala Sitharaman | Decoded

Team TMS  |  New Delhi 

One of the highlights of Union Budget 2022-23 was the proposal to levy a steep 30% tax on gains made from digital assets, beginning April 1. The budget also proposed a 1% TDS on payments towards virtual currencies beyond Rs 10,000 in a year. We explain the new tax proposals and the impact it will have on crypto investors in India. ***

Notwithstanding the prickly ties with China, the government gave a modest 4.43% hike to its budget this year, taking it to 5.25 trillion rupees. But, at the same time, it gave a big push to Make in India in defence, which could bring some cheer to India Inc. A massive 68% of the capital procurement allocation has been earmarked for the domestic industry.

What does mean for the indigenous industry?

***

The Union Budget has unnerved the bond markets. The 10-year government have risen nearly 3% in two days, quoting at their highest levels in two years. We explore key reasons behind the sharp upswing in yields, and what it means for equity investors.

***

Budget not just lifted the sentiments of investors giving some leg up to the market, but it also made environmental activists happy. They hailed the government’s proposal to issue Sovereign . An explainer on what these bonds are, and why they have been named green.

Listen to these and more in this edition of The Business Standard Morning Show podcast.

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First Published: Thu, February 03 2022. 08:00 IST
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