MF association pitches for debt-linked savings plans
The Hindu
It seeks tax parity between ULIPs, MFs
Ahead of the Union Budget, industry body AMFI has asked the government to bring uniformity in taxation on listed debt securities and debt mutual fund (MFs) and bring parity in tax treatment between MFs and unit-linked insurance plans (ULIPs).
Both MFs and ULIPs invest in securities.
In its Budget recommendation for 2022-23 to the Finance Ministry, the industry body has requested that mutual funds should be allowed to introduce low-cost, lower-risk, tax-exemption-linked debt-linked savings schemes (DLSS) on the lines of equity-linked saving schemes (ELSS).
The Banyan launches the Keshav Desiraju Lived Experience Repository in Chennai to preserve mental illness narratives across various formats.
MetLife Stadium will host the FIFA World Cup 2026 final on July 19, with 104 matches across North America.
Former IAS officer Pradeep Sharma sentenced to five years for money laundering, causing ₹1.20 crore loss to the government.
The Dr. Mrs. YGP Centenary Annual Festival of Music and Dance launched at PSBB, celebrating classical arts and education.
CMC hosts a torch rally with 125 volunteers in Vellore to celebrate 125 years of dedicated service.
Government Women's Polytechnic in Nellore faces urgent repairs, yet funds remain unrequested due to budget constraints, risking student safety.
Author Salma and ‘Ervadi’ S. Radhakrishnan honored with Kaviko award at a ceremony in Vellore, receiving recognition and cash prize.
Mangaluru police arrest four individuals and seize half a kg of MDMA worth ₹50 lakh intended for local youth.
Uddhav Thackeray calls for appointing Leaders of Opposition in Maharashtra Assembly, stressing the need for constitutional compliance ahead of the Winter Session.
Shashi Tharoor highlights English's significance in India, emphasizing its enriched lexicon through Indian word borrowings at a literature festival.
Cricket fans in Vizag enjoyed a thrilling ODI as Kohli, Rohit, and Jaiswal delivered memorable performances for Team India.
Congress leaders, including Kharge and Gandhi, meet to address the Karnataka leadership struggle, planning further discussions.
Kerala's local body polls focus on regional issues and candidates, not a referendum on the LDF government, experts say.