Budget 2024: Deloitte India unveils tax changes impacting sovereign wealth funds and pension funds
The recent budget brings unexpected extensions in tax benefits, including exemptions for sovereign wealth funds, pension funds, and startups.
sovereign wealth funds
February 2024
April 2021
January 2021
February 2020
NIIFL invests ₹2,100 cr in Manipal Hospitals
The funding comes close on the heels of billionaire entrepreneur Ranjan Pai-led Manipal Hospitals acquiring Columbia Asia Hospitals in India for ₹2,100 crore last November.
Biocon’s biosimilar biz tops $4 bn in valuation
Abu Dhabi-based sovereign wealth fund ADQ has picked up 1.80% stake in Biocon Biologics for $75 million; The company already raised $255 million from global marquee investors last year.
SWFs to buoy investments in low-cost housing, logistics
As the Budget 2020 gave 100% tax exemptions on interest, dividend and capital gains income to sovereign funds, consultancy firm JLL says it will “boost investments” in key real estate verticals.
A try-hard Budget
Nirmala Sitharaman’s second Budget attempts to do too many things to boost consumption and growth but ends up falling short of expectations.
