Tips to save IPO listing gains tax!
In the years 2023 and 2024, many IPOs brought huge earnings for the investors. But tax also has to be paid on this! What is the tax rule on booking listing gains from IPO? How can tax liability on listing gains be reduced? How will the tax be calculated on selling IPO shares?
In the coming five years, the Export-Import Bank of India (Exim Bank) is planning to achieve financing of $7 billion of projects exports, with the government’s announcement of a fund infusion, which amounts to Rs 1,650 crore to boost projects in the National Export Insurance Account (NEIA). The corpus infusion will enhance the project export possibility by about Rs 33,000 core (equal to $4.5 billion), which is already covered by NEIA, the bank said in a statement.
Exim’s financing options are well recognised
It said that the capital infusion will help tap huge potential of project exports in focus markets. At present, the bank has supported 31 projects valued at $2.74 billion in 14 countries under the Buyer’s Credit under NEIA programme, it added.
It also said that there is a significant opportunity for Indian exporters, given the fact that the project exporters have developed substantial competitiveness in several sectors already and the Exim Bank’s financing options are well recognised.
The Ministry of Commerce and Industry had set up the NEIA Trust back in March 2006, providing export credit insurance cover for promoting Indian medium and long-term projects.