Nifty 50: Select companies from auto, finance, IT, oil and gas sectors to lead the Q1 show

[ad_1] The all-India average cement price rose 5.7% year-on-year to ₹390 per 50 kg in the June 2022 quarter. essence Samples’ total revenue for the June quarter is expected to grow 37.2% year-on-year, according to ETIG estimates. This will be the sixth consecutive quarter for double-digit topline growth. Net profit is likely to grow 43.6% on account of a sharp jump of three times in the year-ago quarter due to a lower base in the June 2020 quarter, which was badly hit by the first Covid wave. Mumbai: Nifty 50…

What do political parties think about the gas tax holiday? Depends on who proposes it

[ad_1] Looking for a case study of our ultra-partisan politics? No need to search further than your local gas pump. The ongoing debate over the gas tax holiday in Washington and several state capitals has become a classic example of our toxic partisan politics. When Democrats propose one, Republicans explicitly oppose it. And when Republicans ask for one, Democrats reject the idea. Opponents of suspension of gas tax on merits are correct. At best, drivers see no more than some of the relief money, while the rest of the profit…

Market Cap: Steel, oil and gas stocks saw a drop of Rs 2.6 lakh crore in market cap on new taxes

[ad_1] Mumbai: Market capitalization of Rs 2.6 lakh crore has been wiped out steel and oil and gas shares After the government implemented the new taxes Analysts on these two sectors have warned that the new taxes will impact corporate earnings and may also raise a fair level of concern among investors about the overall investment climate in the country. Sanjeev Prasad said, “The recent imposition of new taxes or increase in tax rates in some sectors may help the government to generate additional revenue and fight inflation, but it…

Advance tax breaks for retirement savings, a bleak gas tax holiday

[ad_1] Senate Finance Committee unanimously approves retirement savings bill, The catch-all bipartisan measure includes nearly three dozen proposals affecting both retirement savings and account withdrawals. The Enhancing American Retirement Now (EARN) Act encourages employers to offer retirement savings plans, expands savers credits, increases “catch-up” contributions for older workers and is withdrawn from retirement accounts at age 75. Delays essential delivery, but not until 2032. It fails to crack down on the “Super-IRA”. Senate Finance Also Goes After Easing Conservation, The committee also agreed to tackle the retirement bill as a…

A Federal Gas Tax Holiday?

[ad_1] Biden close to gas tax decision. President Joe Biden says a Decision on gas tax holiday Could come this week. “I hope to make a decision by the end of the week based on the data I’m looking for,” he said. Over the weekend, Treasury Secretary Yellen said the administration was open to the idea. This could come in the form of a temporary suspension or some sort of waiver check. Most Hill Republicans oppose the tax holiday. But no gas tax holiday in RI. Gov. Dan Mackie says…

A Federal Gas Tax Holiday?

[ad_1] Biden closes on gas tax decision. President Joe Biden says a Decision on gas tax holiday Could come this week. “I hope to make a decision by the end of the week based on the data I’m looking for,” he said. Over the weekend, Treasury Secretary Yellen said the administration was open to the idea. This could come in the form of a temporary suspension or some sort of waiver check. Most Hill Republicans oppose the tax holiday. But no gas tax holiday in RI. Gov. Dan Mackie says…