‘Vocal for Local’ and ‘Atmanirbhar Bharat Abhiyan’ is good. But both mean the same thing: Make in India. India punishes import of consumer goods; they
Month: May 2020
Lockdown: 72% of outstanding bank credit in red zones, says report – The Economic Times
Summary Nearly 72% outstanding bank credit and 62% deposits are in the red zone districts. MUMBAI: Nearly 72 per cent of outstanding bank credit and 62 per cent
COVID-19 to have significant deflationary impact due to demand evaporation: CEA – The Economic Times
COVID has a deflationary impact because demand for non-essential goods and services will go down, he said. On growth he said, India will witness a
Big bang at last? Fiscal package complements liquidity measures. Long-term reforms remain the key
Finance minister Nirmala Sitharaman yesterday unveiled the first tranche of Prime Minister Narendra Modi’s promise of a Rs 20 lakh crore fiscal stimulus. Her announcement
MSMEs: For MSMEs, Finance Minister’s Rs 3-lakh crore credit guarantee may not lead to assured benefits – The Economic Times
The biggest stumbling block, MSMEs say, is that they wanted financial support, but instead got a collateral-free loan scheme. In the absence of demand, that
Covid impact: Companies face input tax credit denial on goods destroyed – The Economic Times
Input tax credit under the goods and services tax framework allows businesses to set off tax paid on raw materials or input services against future
I-T liability exists even when salaries, payments deferred – The Economic Times
The situation may be more worrisome for service providers who have not received payments. Companies plan to pass on tax to employees and vendors. MUMBAI:
Will provide funding to nonbanking cos via SPV: Economic affairs secretary Tarun Bajaj – The Economic Times
Summary This SPV will be the main vehicle for providing support to NBFCs as part of the economic package announced Tuesday and will carry out primary
RBI: What will the RBI do to stop the domino effect of debt defaults?
It will be interesting to see how RBI manages the domino effect of debt default once the the moratorium on interest and principal repayment is
Govt’s credit guarantee for MSMEs to boost banks’ savings with this much capital to lend more – The Financial Express
Credit and Finance for MSMEs: Finance Minister Nirmala Sitharaman on Wednesday had announced collateral-free automatic loans worth Rs 3 lakh crore to MSMEs as part
Restaurant businesses hit by Covid-19, face a long road to recovery – The Hindu BusinessLine
Multiple challenges ahead for the restaurant industry as they await guidelines to resume business. India’s organised dine-in restaurants are on course for a 40-50 per
Why setting up a ‘bad bank’ is a bad idea – The Hindu BusinessLine
It won’t prevent another NPA pile-up. Instead, the govt can improve banks’ governance and share the lending risks that they face The severe slowdown in
GST applicable on sublet accommodation, rules Karnataka AAR – The Economic Times
In a case involving about 42 single rooms having been sublet by a tenant to students for periods ranging between three months to 11 months,
RBI may have to monetise around Rs 7 lakh crore of stimulus package: BofA – The Economic Times
The Rs 3 lakh crore package for MSMEs, power sector has only Rs 23,200 crore fiscal impact. BofA also noted that the Rs 3 lakh
Work from home: IT seeks changes in laws as work from home set to become norm – The Economic Times
New Delhi | Bengaluru | Pune: India’s IT sector is seeking revisions in the country’s taxation and labour laws as over half the workforce in the
Finance Minister announces second tranche of govt’s Rs 20 lakh crore stimulus package | India Business News – Times of India
NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday unveiled the second tranche of measures of the government’s “atmanirbhar (self-reliant) campaign”. With a view to
TDS, TCS clarification by Modi govt: Who will benefit, who won’t | Income Tax announcement by Finance Minister Nirmala Sitharaman today | The Financial Express
Income Tax announcement by Finance Minister Nirmala Sitharaman: FM Makes big announcements under COVID-19 shadow Here are some important income tax announcements by FM Nirmala Sitharaman
How much was FM Sitharaman’s MSME, liquidity package worth for India, and how much it cost the govt – The Financial Express
For the economic package announced yesterday, the actual fiscal hit felt by the government should only be Rs 24,000 crore, that is, 0.12 per cent
Rs 5,000 crore credit facility to be given to 50 lakh street vendors, says FM Nirmala Sitharaman – Times of India
NEW DELHI: Finance minister Nirmala Sitharaman on Thursday announced that Rs 5,000 crore credit facility will be given to 50 lakh street vendors hit by
Financing the Covid-19 economic package – analysis – Hindustan Times
The government has been bold. Now don’t worry about inflation or capital flight, use the money financing route Pulapre Balakrishnan While the content of the
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