Tax Hike? | CA Rachana Ranade

CA Rachana Phadke RanadeMarch 09, 202300:54:41

Tax Hike? | CA Rachana Ranade

President Joe Biden's budget proposal is scheduled to take place today, and it is expected that he is going to propose the tax rate hike. Further, Recently, Mark Mobius (high profile investor) reported that the China was not allowing him to repatriate his funds. This Chinese move to restrict currency outflows can probably boomerang on the authorities, and money can flow out of China because of panic. Both of these events can actually lead to an inflow of FII investment in India. This can in turn boost the Indian Equity market, which is lately very tensed. In today's livestream we are going to discuss both of these points along with Nifty option chain analysis & few stock news.

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