Since India holds an advantage of being one of the fastest growing economies in the world, it can afford to keep the corporate tax rates high, Jane McCormick, Global Tax Head at KPMG said. Global tax rates are coming down to somewhere around 20 percent, 15 percent differential can make a big difference to an investment decision, Jane McCormick said.
The POTUS Donald Trump released a $4.4 trillion budget plan for the United States of America for the financial year 2019 on Monday with a major focus on the military and defence. We take a look at 10 interesting things to know about Donald Trump’s second budget.
The popular community kitchen — better known as the “langar” — of gurdwaras in northern India is feeling the pinch of the GST regime that came into force seven months ago.
Presenting the state budget in Assembly, Rajasthan Chief Minister Vasundhara Raje on Monday announced one-time loan waiver of Rs 50,000 for small and marginal farmers in the state, costing the exchequer Rs 80,000 crore.
India’s retail inflation eased from the fastest pace in 17 months, offering some respite to policy makers and bond investors battling the fallout of Prime Minister Narendra Modi’s expansionary budget.
CPI inflation declined to 5.07 percent in January against the 5.21 percent in December, on the back of lower food prices, as per the data released by the Central Statistics Organisation on Monday. The food prices observed a plunge as vegetable prices cooled in comparison to the last month.
With robust sales across segments in January, the Society of Indian Automobile Manufacturers (SIAM) on Monday said it expects demand to be strong during the remaining two months of the fiscal.
The implementation and refund delays under the goods and services tax regime may have led to working capital constraints for firms, which in turn might have hurt their exports in October 2017, a paper put out by researchers at the Reserve Bank of India said.
As per Section 54 of Income Tax Act, any long term capital gain arising from the sale of a residential property shall be exempt to the extent such capital gain is invested in the purchase of another residential property within one year before ortwo years after the due date of transfer of the property sold or construction of residential house property within a period of three years from the date of transfer/sale of property.
While growth is expected to be strong, risks in US and valuations limit upside; FY18-20e EPS cut 2-3%.
The Budget 2018 had made an announcement that the central government would come out with a ‘National Health Protection Scheme’ that will cover over 10 crore households i.e. about 50 crore people.
The CPI inflation in the month January eased to 5.1% from previous month’s 5.21%, but continues to remain higher than the 4% target of the Reserve Bank of India; on the other hand, December IIP has beaten estimate by ET Now, but has fallen from the 25-month-high of 8.4% to 7.1%.
The GST Council will most likely come up with simplified Goods and Services (GST) return system before March 31 as it has decided the return filing under the old system of GSTR- 1, 2, 3 and 3B only until March 31.
A total wealth of $950 billion, over 28 billionaires, and 12th largest stock exchange BSE make India’s financial capital Mumbai 12th richest city in the world. And the news as good as it may sound, it does have a big challenge. Find out what it is.
Highlights of Rajasthan Budget 2018: Rajasthan chief minister Vashundhara Raje presented her last full budget in the state assembly months ahead of the Assembly elections.
Rajasthan Budget 2018: The leader of opposition today created uproar in the Rajasthan Assembly, demanding withdrawal of the ‘black law’.
Rajasthan chief minister Vasundhara Raje announced one-time loan waiver of up to Rs 50,000 for small and marginal farmers in the state, which would cost Rs 8,000 crore to the exchequer.
Rajasthan Budget 2018-19 LIVE: Vasundhara Raje government is presenting its last Budget today. The state is expected to go to polls in November-December this year.
After surging for five months, retail or CPI inflation may likely to moderate at 5 percent, PTI cites a report by Morgan Stanley as saying. The brokerage expects the retail inflation to cool down as a result of dip in vegetable prices of late.
The Centre is yet to work out the modalities of its MSP-based deficiency payments scheme, but if Madhya Pradesh’s just-concluded Bhaavantar Bhugtaan Yojana (BBY) is anything to go by, the scheme will be a costly one.
While the Centre will miss its fiscal deficit target even after cutting capital expenditure in FY18, the states are also compressing capex to finance rising revenue spending and adhere to their deficit targets.
Mitigating the impact of pollution and congestion in our cities; enabling financial inclusion and encouraging innovation are essential to enable India to realise its ambitions. And tech companies can be the catalyst for all three.
The Finance Ministry has nominated eight tax officers to handle GST-related queries on social media site Twitter. It has been decided to assign the charge of handling of queries related to the Goods and Services Tax on Twitter/Email to the eight officers with immediate effect.
FM Arun Jaitley hopes uptrend in IPOs will help meet disinvestment targets.
Finance Minister Arun Jaitley on Saturday expressed confidence over comfortable revenue collection in 2018-19.
Ranking doesn’t accurately reflect the level of business-conducive nature of the states. It reflects the willingness of states to reform and attract investments.
Finance Minister Arun Jaitley today exuded confidence that there will be no more fiscal slippages as the financial position is likely to be comfortable from the next fiscal.