Britain is finally out of the European Union. Its citizens woke up on February 1 to mixed reactions that mirrored the narrow margin represented in
Day: February 5, 2020
TDS on MF dividends at 10%, clarifies government – The Economic Times
This offers clarity from the tax department on whether the budget proposal asking asset managers to deduct taxes on “income” made by investors in schemes
NBFC: NBFCs’ wholesale book under severe stress: Report – The Economic Times
MUMBAI: Rating agency CrisilNSE 0.05 % on Tuesday warned of potentially high stress in non-banking lenders’ wholesale book well above the reported bad loan numbers by March,
Income Tax Slab Impact on Senior Citizens: Will proposed new income tax slabs rates benefit senior citizens? Here’s the answer
The new lower income tax rate regime proposed in budget 2020 does not provide a higher tax exemption limit for resident senior and super senior citizens, unlike
Back to the dismal future on trade–Economic Times
One key tenet of this government seems to be that Indian industry can grow only behind a wall, raised ever higher year after year, of
Welcome Move to Ease Tax Compliance–Economic Times
The changes proposed in the budget to the personal incometax system — simplified for incomes up to Rs 15 lakh, the taxpayer’s charter, the reduced
Small Savings Stymie Monetary Policy–Economic Times
The increasing reliance of the Centre on small savings to finance the fiscal deficit is a source of concern. The fiscal deficit is a little
Commerce ministry preparing district export plan to boost shipments – The Financial Express
Budgetary support will be provided to make outreach at the district level and prepare this plan, the ministry said. The commerce ministry has initiated a
Govt plans GST lottery offers of Rs 10 lakh-Rs 1 cr for encouraging customers to ask for bills – The Financial Express
The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts, would vet the proposed lottery scheme. The government is planning to introduce
AI-based systems to help more SMEs get access to credit: Nandan Nilekani – The Financial Express
He added that credit decisions by artificial intelligence (AI)-driven systems will be based on business flows rather than being asset-based. Aadhaar architect Nandan Nilekani on
Beyond numbers | Business Standard Editorials
Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for 2020-21, sought to restore trust in the Indian government’s numbers. Concern has built
The protectionism path | Business Standard Editorials
The Union Budget for 2020-21 has been presented at a time when demand in India is depressed and exports growth was negative for months after
MSMEs grapple with stress even as govt grants more time for restructuring | Business Standard News
With Micro, Small and Medium Enterprises (MSMEs) grappling with the problem of delayed payments and slowdown in demand, the sector remains under major stress, even
The budget India missed | The Indian Express
Finance Minister Nirmala Sitharaman had an unenviable task on February 1. The Indian economy is now growing at its lowest rate in years. Employment is more stressed
Scrapping DDT to hit promoters, investors | Deccan Herald
Promoters of India Inc and big-ticket retail investors have been hit hard the second time in two consecutive budgets with the government scrapping the dividend distribution
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