Economy
‘Completely doable’: Piyush Goyal on making India a $5 trillion economy
The minister also thanked the Indian diaspora in the UAE for the excellent work they had done to support Modi develop a strong bonding between the two countries.
Slowdown mode: Five ways to boost housing real estate during festive season
Though housing is on a slowdown mode; once the liquidity is injected into the system; the market scenario is bound to improve.
UPI payments shot up 8.7 folds in one year; these reasons still keep cash in game
In just a matter of one year, UPI payments in India shot up 8.7 folds to Rs 8.7 lakh crore in FY19. Similarly, overall mobile transactions also grew rapidly to Rs 29.5 lakh crore in FY19.
Corporate tax cut positive but growth faces headwinds: Moody’s
On Friday, the Centre announced a reduction in the base corporation tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth.
Explained: Why not a cut on GST, income tax when it can benefit more people
On GST, a cut may have been more difficult to achieve because the decision is not contingent just on what the Centre wants.
Explained: How much benefit can companies fetch from corporate tax cut
After Finance Minister Nirmala Sitharaman slashed the corporate tax rate on Friday to 22% from 30%, the key question is: will it kickstart the economy just as it did the equity markets?
No need to have trade deal with China before 2020 elections, says Donald Trump
The world's two largest economies have been locked in a bruising trade war since Trump in March last year imposed tariff hikes of up to 25 per cent on USD 250 billion of Chinese goods.
PM-Kisan: Centre tells states to speed up Aadhaar verification
After the finance ministry took up the issue of slow disbursal of Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) benefit with the agriculture ministry earlier this week, there has been a considerable im
Government slashes taxes, Sensex soars
Public spending this year could, however, get a boost from state governments and their companies, while some decline estimated earlier of central PSU capex this year could be partly addressed as they
Lower corporate tax can lead to consumption growth as well: Sudhir Kapadia, partner and national tax leader, E&Y India
Those who are in SEZs, such as software companies, will likely continue with the old regime, as their effective tax rates in certain cases may be lower.
GST relief for hotels, outdoor catering; hefty hike in rate for caffeinated drinks
The Council did away with the requirement of filing annual returns for taxpayers up to Rs 2 crore turnover, as part of the moves to reduce compliance burden.
Rate cuts to widen taxpayer net, spur investments, says FM Nirmala Sitharaman
The details of the recommendations in the DTC will come out sometime. At the moment, we have come out with these rate cuts essentially to give a boost to Make in India, newer domestic and foreign inve
Corporate tax largesse upsets fiscal maths
Fiscal deficit being a percentage point of nominal GDP, a lower GDP number would push up the deficit number even if the absolute fiscal deficit number remains unchanged from Budget estimate level.
Anil Kumar Jain appointed as new coal secretary
The development closely follows the coal ministry recently rejecting the recommendations of a Niti Aayog high-level committee on ramping up coal production.
Rajasthan proposes hefty cess for upcoming inter-state solar projects
According to industry sources, such cess, if implemented, could raise solar power tariffs by Rs 0.20-0.25 per unit, depending on the location.
Forex reserves fall by $649 million to $429 billion
Movement in the FCA occurs mainly on account of purchase or sale of foreign exchange by the RBI, income arising out of the deployment of foreign exchange reserves, external aid receipts of the governm
Enhanced surcharge on capital gains from share sales rolled back
The measures announced by Sitharaman are positive for high net worth individuals (HNIs), super HNIs and FPIs, and experts believe this may help them return to the market.
Failed transactions: RBI asks banks to strictly enforce reversal time; pay to customers for delay
RBI has clearly defined reversal time for failed transactions, failure to adhere to the time limit will require banks to pay to the customers on daily basis.
Massive fiscal slippages? Sitharaman’s tax cut gift may take deficit to 4.1%, warn analysts
The budget has pegged fiscal deficit at 3.3 percent of GDP for FY20 and the government has already crossed 77 percent of that in the first four months itself. The government had to initiate the measur
Corporate tax cut to boost liquidity of developers, boost demand: Realty industry
Taranpreet Singh, Tass Advisors Partner, said: "A pre-Diwali bonanza announced by the Finance Minister with primarily 2 objectives -- firstly to promote industrial production and achieve the Make in I
GST Council meet: From coffee to hotel rooms, check what became costlier and what got cheaper
With an aim to simplify and rationalise taxation, GST Council on Friday announced a host of measures ranging from increasing rates on caffeinated drinks to reducing tariff on hotel rooms.
Donald Trump says US has sanctioned Iran’s central bank
US Treasury Secretary Steven Mnuchin said the bank was Tehran's last source of funds.
India and Chile seek to further liberalize tariff lines and ink terms of reference in New Delhi
The South American country is of interest to India as it is not only rich in Lithium but also in copper and gold.
RBI Governor Shaktikanta Das says more rate cut hinges on incoming data
The governor also said RBI started noticing signs of slowdown in the economy from February and blamed the lowest growth rate in six years in the June quarter at 5 percent to the lower government spend
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BUDGET 2019
- Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1
- Budget 2019: Hike in import duty may dampen the gold rush
- Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
- Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
