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.
Economy News

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.

housing, real estate, steps to boost housing sector, HFC, 10000 cr additional liquidity News

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.

rbi, digital payment, digital payment fraud, cash, digital india, digital payment boost News

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.

Corporate tax cut, Moody's Investors Service, Moodys, rural financial stress, IT services companies, GDP, corporate income tax revenue News

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.

FM, Nirmala Sitharaman, corporate tax, income tax, slew of measure, GST, gst News

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?

FM Nirmala Sitharaman, economy, weak economy, slowdown, low demand, govt steps to boost economy, corporate tax slashed, corporate tax News

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.

Donald Trump, US 2020 elections, US china trade deal, china, chinese goods, American goods, Chinese economy, global economy, US tariffs on china News

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

 PM Kisan, Aadhaar verification, Aadhaar card, farmer scheme, Pradhan Mantri Kisan Samman Nidhi  News

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

Economy News

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.

Economy News

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.

gst council, gst council meet, gst council meet in goa, gst council next meeting, gst council next meeting date, gst council meet outcome, FM Nirmala Sitharaman, finance minister News

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

corporation tax rate, corporation tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019 News

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.

corporation tax rate, corporation tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019, fiscal math News

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.

IAS, Anil Kumar Jain, coal secretary, Sumanta Chaudhuri,Niti Aayog, coal ministry News

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.

Rajasthan, hefty cess, inter state solar project, (Economy news, solar energy, solar power News

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

Forex reserves, RBI, RBI data, Reserve Bank of India, central bank data, Gold reserves, International Monetary Fund, foreign currency assets News

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.

consumer firms Earning, corporation tax rate, corporation tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019 News

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.

rbi, digital payment, digital payment fraud, cash, digital india, digital payment boost News

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, tax cut, new corporate tax, corporate tax slashed, corporate tax cut, corporate tax india, corporate tax us, fiscal deficit, fiscal deficit in 2019, fiscal deficit india, Nirmala Sitharaman News

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

Economy News

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.

GST Council meet, GST Council, rate cut, economy news, IT service, 37th GST Council, Karnataka, NHAI News

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.

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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.

trade, economy News

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

Economy News
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