On Friday, the Indian stock market completed the shift to a “T+1” settlement system, which started in February last year, where every transaction will be completed within one working day post-trade. That makes India the only large market apart from China to move to T+1. But India intends to fully transition all financial assets that are traded on the exchange, including derivatives. Though the shortened settlement cycle will do much to increase liquidity in the system, overseas investors in differing geographies may find it hard to handle, the top edit says. Read it here
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Tamal Bandyopadhyay assesses the tax slabs for the middle class and says many exemptions don’t reflect reality and need to be reworked to consider the cost of inflation. Read it
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