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
Month: February 2020
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
View: Growth, not blind adherence to fiscal rules, is the best antidote to an ailing economy – The Economic Times
Be careful what you wish for. Finance minister Nirmala Sitharaman’s budget on Saturday ticked almost all the boxes on the market’s wish list. Yet, the Sensex tanked, ending
Budget 2020: Fiscal pressures prompt Modi govt to raise money from finance sector – The Economic Times
by Suvashree Ghosh The fiscal pressures facing Narendra Modi’s government showed through clearly in the measures announced for the financial sector, where the priority was
Budget 2020: This Budget won’t let FM sleep all through FY21. Here’s why – The Economic Times
NEW DELHI: Finance Minister Nirmala Sitharaman’s commitment to stay on the path of fiscal consolidation in Budget 2020 did impress most economists and overseas rating agencies, but analysts find
Ajay Bhushan Pandey: Avail scheme to get out of demonetisation jam: Revenue secy Ajay Bhushan Pandey – The Economic Times
Individuals who received the income tax notices following demonetisation in 2016 will be able to take advantage of the amnesty scheme announced in the budget, revenue secretary Ajay Bhushan Pandey said. These will
Exporters likely to be exempted from ‘Tax at Source’ – The Economic Times
New Delhi: The government will soon clarify that the $300-billion exports sector would not be covered by the proposal for 1% tax collected at source (TCS), introduced by the
Budget Impact on NBFCs | Budget 2020: A big positive for NBFCs, MSMEs–Economic Times
By Dinanath Dubhashi The budget has clearly kept its focus on boosting economic growth. It is noteworthy that despite significant challenges to revenue mobilisation, the government
Budget 2020: Rajiv Kumar & Swaminathan Aiyar on Budget expectations, fiscal prudence, disinvestment target – The Economic Times
Rajiv Kumar, Vice-Chairman, NITI Aayog, says the market was expecting the government to become fiscally irresponsible, and Swaminathan Aiyar, Consulting Editor, ET Now, agrees market expectations for a
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
Follow up on follow throughs
Finance minister Nirmala Sitharaman has accomplished a difficult balancing act and essayed a growth oriented budget in the middle of a severe economic slowdown and
CBDT cuts per day cash limit for payments – Check details – The Financial Express
The rule 6ABBA is deemed to have been inserted from the 1st day of September 2019, which mentions all digital or electronic mode of payments.
Budget 2020: Commercial real estate to be biggest beneficiary of FM Sitharaman’s Budget – The Financial Express
Budget 2020: Setting up of 5 new smart cities under the PPP model, development of 100 new airports across the country along with enhanced focus
Govt takes first step towards Rs 3 lakh crore-turnover target proposed in budget for its e-marketplace – The Financial Express
The development comes days after the Finance Minister Nirmala Sitharaman proposed increasing the turnover of GeM to Rs 3 lakh crore. Ease of Doing Business
Don’t worry, GST collection would pick up soon; here’s why too many changes can be avoided – The Financial Express
Goods and services tax (GST) collection crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of
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