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New Tax Measures Incl. 10% Tax On LTCG to Kick-In From April 1 et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 31, 2018 12:22 PM 1 min read
Editorial

End of Day Wrap-up (Saturday / March 31, 2018) #Eway #tax #GST #Aircel #Idea #Vodafone #LTCG #Tesla #ModelX #Facebook #Bitcoin #Transfin

Editor's comment: E-way bill to be mandatory from April 1, Sunday for goods movement above INR50,000, except Karnataka where bill already in place. Platform now made more robust with capacity to generate c.75L bills daily after it crashed on day 1 on its initial introduction on Feb 1.

 

Aircel may enter a legal battle against Idea and Vodafone with regard to the former's outstanding dues comprising debt and interconnect usage charges. Aircel currently seeking bankruptcy protection with the NCLT.

 

New tax measures incl. 10% tax on LTCG to kick-in from April 1

 

Tesla admits Autopilot system was activated before the fatal crash of its Model X in California last week. Acknowledgement raises new questions on the robustness of the semi-autonomous system that controls the car's driving tasks. 

 

Facebook controversy fuels on leak of internal memo which pushed for growth at all expenses. Memo written by Andrew Bosworth, then Facebook VP for ads said “The ugly truth is that we believe in connecting people so deeply that anything that allows us to connect more people more often is *de facto* good.”

 

Bitcoin drops below $7,000 end of this week - biggest quarterly decline since 2011, amongst rising regulatory pressures. The cryptocurrency has risen 1,400% last year.