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Search resuls for: "Jahangir Aziz"


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Despite its progressive intentions, the tax failed to raise sufficient revenue for the monarch, as people boarded up their windows to lower their tax liability. Window tax was a property tax based on the number of windows in a house. In addition, the minister also lifted capital gains for stock market investors who cash in within a year from 15% to 20%. While the tax raises more than £3 billion ($3.9 billion) annually, it has given birth to far riskier forms of speculation while simultaneously hurting the stock market. However, given the lofty valuations that Indian stock markets currently trade, the tax to skim the excesses might be a positive development over the longer term.
Persons: Nirmala Sitharaman, Ajay Aggarwal, King William III of, Mike Kemp, Upasana Chachra, Morgan Stanley, Siddhartha Khemka, Motilal Oswal, Michael Langham, Abrdn, it's, JPMorgan's Jahangir Aziz, Aziz, Raghuram Rajan, Suman Bery, Bery Organizations: Union Finance, Budget Press Conference, National Media Centre, Hindustan Times, Getty Images, Getty, Budget, Motilal, Institute for Fiscal Studies, Reuters, CNBC, Health, Reserve Bank of India Locations: DELHI, INDIA, New Delhi, India, Mayfair, London, United Kingdom, England, Britain, Kerala, Malaysia, Nipah
Tim Graham | Getty ImagesIndia "clearly has a problem" figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan's Jahangir Aziz said, following the country's union budget. "If you look at India over the last two years post the pandemic, recorded growth has been strong. But if you look at the drivers of growth, it's essentially these two: Public infrastructure and services export," Aziz, chief emerging markets economist at JPM, told CNBC's "Street Signs Asia" on Tuesday. According to estimates by the Ministry of Commerce and Industry, India's services exports will likely hit $30.3 billion in June, compared with $27.8 billion in the same month last year. According to the International Monetary Fund's latest World Economic Outlook, the country's growth is predicted to decline to 6.5% in 2025.
Persons: Tim Graham, JPMorgan's Jahangir Aziz, Aziz, CNBC's, V Anantha Nageswaran, Raghuram Rajan Organizations: Getty, Ministry of Commerce and Industry, Services, Reserve Bank, India's, International Monetary, University of Chicago Booth School, Reserve Bank of India Locations: Tardeo South Mumbai, India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia has a problem figuring out what its new growth drivers are, JPMorgan economist saysJahangir Aziz, chief emerging markets economist at JPMorgan, says "if you look at the drivers of growth, there's essentially been just two of them … public infrastructure and services exports."
Persons: Jahangir Aziz Organizations: India, JPMorgan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's fiscal policy 'overly biased' toward creating productive capacity: JPMorgan economistJahangir Aziz, chief emerging markets economist at JPMorgan, says "fiscal policy in particular has been overly biased towards creating productive capacity, industrial production — far less on creating demand."
Persons: Jahangir Aziz Organizations: JPMorgan
The US dollar is losing some influence in the oil markets, according to JPMorgan. The correlation between the USD's strength and oil prices has weakened, per the bank's research. The analyst drew the conclusion by looking at the impact of a strengthening dollar on oil prices. AdvertisementAdvertisementThe relationship exists because the dollar is traditionally inversely correlated to oil prices — meaning that when the greenback's value rises, oil prices fall, and vice versa. This trend is because more oil is now being transacted in non-dollar currencies, JPMorgan said in its report, such as the Chinese yuan.
Persons: Natasha Kaneva, Kaneva, Jahangir Aziz, , It's Organizations: JPMorgan, Service, Brent, Reuters, Russia Locations: Wall, Silicon, China, Russia, Ukraine, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's 6.1% GDP growth in January-March quarter shouldn't have come as a surprise, JPMorgan saysJahangir Aziz of the investment bank says other emerging markets have "all been surprising on the upside, barring … Taiwan, Czech Republic and South Africa."
Persons: Jahangir Aziz Organizations: Locations: … Taiwan, Czech Republic, South Africa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket reaction to Fed Chair Powell's speech was 'much more muted' than expected, says JPMorganJahangir Aziz of the investment bank said in the next few weeks, the market will wake up to the realization that Fed rate hikes and dollar strength are not over.
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