THE NEWS WHICH WILL RULE WEEK AHEAD IN INDIAN MARKET.
The Expert Committee on General Anti-Avoidance Rule (GAAR) headed by Parathasarthi Shome has recommended that overseas investors who directly or indirectly hold stakes foreign institutional investors, should be exempt from the provisions of GAAR.
The draft guidelines on GAAR had proposed that when an FII chooses to take the benefit of a tax treaty, GAAR provisions may be invoked in the case of the FII, but not for unit holders invested in the scheme.
The expert committee on General Anti Avoidance Rules (GAAR) today recommended postponement of the controversial tax provision by three years and abolition of capital gains tax on transfer of securities.
As a step towards reassuring global investors, the Committee in its draft report, suggested that GAAR provisions should not be invoked to examine the genuineness of the residency of entities in Mauritius.
Federal Reserve Chairman Ben Bernanke said that monetary authorities remain poised to stimulate the economy if it doesn't show signs of improvement soon and Fed remains ready to intervene with stimulus measures.
TECHNICAL WHICH WILL RULE WEEK AHEAD IN INDIAN MARKET.
Both above news will try to rule next week in Indian market and may lift nifty upside. The chart given below also on support level. Nifty daily chart has taken support at 50 day moving avrages and nifty weekly chart has also taken on falling trendline and rising trend line around 5245.
The Expert Committee on General Anti-Avoidance Rule (GAAR) headed by Parathasarthi Shome has recommended that overseas investors who directly or indirectly hold stakes foreign institutional investors, should be exempt from the provisions of GAAR.
The draft guidelines on GAAR had proposed that when an FII chooses to take the benefit of a tax treaty, GAAR provisions may be invoked in the case of the FII, but not for unit holders invested in the scheme.
The expert committee on General Anti Avoidance Rules (GAAR) today recommended postponement of the controversial tax provision by three years and abolition of capital gains tax on transfer of securities.
As a step towards reassuring global investors, the Committee in its draft report, suggested that GAAR provisions should not be invoked to examine the genuineness of the residency of entities in Mauritius.
Federal Reserve Chairman Ben Bernanke said that monetary authorities remain poised to stimulate the economy if it doesn't show signs of improvement soon and Fed remains ready to intervene with stimulus measures.
TECHNICAL WHICH WILL RULE WEEK AHEAD IN INDIAN MARKET.
Both above news will try to rule next week in Indian market and may lift nifty upside. The chart given below also on support level. Nifty daily chart has taken support at 50 day moving avrages and nifty weekly chart has also taken on falling trendline and rising trend line around 5245.
