Setback For Debt MF| STT On Options & Future Hiked | Dearness Allowance Hiked To 42% | Top Headlines

As per the latest bulletin on The Economic Times,
In a setback for debt mutual funds, the government has proposed in Finance Bill that investment in mutual fund where not more than 35 percent is invested in equity shares of Indian company will now be deemed to be short-term capital gains.
Finance Minister Nirmala Sitharaman hiked the securities transaction tax (STT) on sale of options as well as futures by 25% each.
Union minister Anurag Thakur on Friday announced that the government has increased the dearness allowance or DA for central government employees by 4 per cent to 42 per cent with effect from January 1, 2023.
Keep watching The Economic Times to get more such quick updates on finance!

#mutualfund #stt #dearnessallowance #finance #budget #latestnews
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