Three Market triggers to watch out for on Monday
Here is a list of triggers to watch out for in Monday’s trading session:
India persuades WTO to ease flow of services and IT professionals deployment: For IT professionals to work across the border with ease of mind and to support increased trade in services amid protectionism, the county is lobbying the WTO (World Trade Organisation) to increase its support toward these two factors.
GoI to look into new method to value M&A: Government’s announcements in the Union Budget 2017 allowed the income-tax department to reassess the valuations of any M&A (merger and acquisition) deals; and tax the corporate houses, private equity and venture capital funds accordingly. Now the government is looking into a new method where it can learn whether the deal was done at higher or lower valuations and then levy tax accordingly.
CSO likely to peg GDP growth below 7%: On Tuesday, the second official GDP growth data is due, and will likely show an expansion of the economy to less than 7% in FY17. Meanwhile, the first estimate pegged growth at 7.1% in FY17, on January 6.