Buyback Tax

Why the concept of buyback tax is fundamentally flawed When KPR Mills cancelled its proposed buyback last week, it was the first signal that Indian companies and investors were unhappy with the buyback tax imposed in the Budget 2019. Why the buyback tax? In the last 3 fiscal years, the average annual buyback value was…

Inflation & Growth

How the CPI and IIP data point towards a likely rate cut by RBI The Ministry of Statistics and Program Implementation (MOSPI) announced the CPI inflation and IIP growth during the week. While the CPI inflation came in slightly above expectations, the IIP growth continued to disappoint. What are the highlights of these macro numbers…