Clipped from: https://www.financialexpress.com/opinion/simplify-the-tax-put-more-cash-in-taxpayers-hands/2264740/ The government should increase the Section 80G deduction limit from 10% to 30% for this year The government should consider doubling the limits
Category: ART
Structural weakness | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/structural-weakness-121060301490_1.html India needs to overhaul the tax system Tax collection recovered swiftly towards the end of the last fiscal year with a pickup in economic
The farm factor | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-farm-factor-121060301520_1.html Agri sector did quite well in a pandemic year While growth in most sectors of the economy seems set to succumb under pressure
Extended lifeline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/extended-lifeline/article34719958.ece ECLGS is a useful lifeline to stressed borrowers, but its expanding scope calls for checks and balances As the Centre weighs the need
Excise duty mop-up up by 62% in FY21, highest during Modi regime – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/excise-duty-mop-up-up-by-62-in-fy21-highest-during-modi-regime/article34719631.ece Petrol, diesel shore up govt’s revenues to ₹3.89-lakh crore The Centre has collected over ₹3.89-lakh crore through central excise duty during FY21; this
Ending encryption: On enforcing traceability on popular messaging apps – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/ending-encryption-on-enforcing-traceability-on-popular-messaging-apps/article34693043.ece Enforcing traceability on popular messaging apps will encroach into user privacy Barely a day before the Information Technology (Intermediary Guidelines and Digital Media Ethics
Monetary policy must remain accommodative – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/monetary-policy-must-remain-accommodative/article34710357.ece As the space for fiscal stimulus is limited, monetary policy needs to play a critical role until the growth outlook improves With the
Ministry notifies amendment in GST law for levying interest on net cash liability – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/finance-ministry-notifies-amendment-in-gst-law-for-levying-interest-on-net-cash-liabilty-wef-july-1-2017/article34707667.ece Taxpayers who have already paid interest on gross liability can seek refund The Finance Ministry notified amendment in Central Goods and Services Tax
Why supporting MSMEs during Covid -19 will help socially backward groups? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/why-supporting-msmes-during-covid-19-will-help-socially-backward-groups/article34701707.ece?homepage=true Govt data show that such groups own almost 66% of MSMEs With State governments imposing restrictions and lockdowns to control the second Covid-19
Fault lines in RBI’s surplus transfer to govt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fault-lines-in-rbis-surplus-transfer-to-govt/article34701274.ece?homepage=true The higher transfer is an attempt to lower the fiscal deficit, reduce borrowing cost and cushion the weak cash management The RBI’s account
How RBI’s Resolution Framework 2.0 can help MSMEs tide over Covid mess; is Udyam registration required? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-rbis-resolution-framework-2-0-can-help-msmes-tide-over-covid-mess-is-udyam-registration-required/2263186/ For borrowers who had availed restructuring under Resolution Framework 1.0, RBI Governor Shaktikanta Das had allowed lenders to modify their plans to increase
Income Tax Return: From mobile app to new payment options – know benefits of new e-filing site – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-from-mobile-app-to-new-payment-options-know-benefits-of-new-e-filing-site/2263115/ The ITR filing process will resume from June 7, 2021, a day after launch of the new e-filing site – incometax.gov.in – on
India Inc must contribute to the ‘stimulus’: Given bumper profits & cost-cuts of Rs 4 lakh crore, it could cut a cheque for the have-nots – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/india-inc-must-contribute-to-the-stimulus-given-bumper-profits-cost-cuts-of-rs-4-lakh-crore-it-could-cut-a-cheque-for-the-have-nots/2262627/ The pandemic may have hurt thousands of small businesses and killed many MSMEs, but given their financial and management muscle, the larger corporations
High government cash balance likely to limit additional borrowing – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/high-government-cash-balance-likely-to-limit-additional-borrowing/articleshow/83119486.cmsSynopsis The fears of additional borrowing due to GST shortfall may not be as substantial as bond dealers anticipated initially. Any large additional borrowing
All you wanted to know about Stagflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article34691993.ece?homepage=true In India we have hardly had any periods without inflation, while developed markets besides inflation, also experience deflation occasionally. But it’s been decades
Tweeting trouble – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/tweeting-trouble/article34691665.ece?homepage=true The likes of Twitter, WhatsApp should work with govt to develop regulations rather than question them The unseemly public spat between social media
How RBI managed to boost its surpluses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-rbi-managed-to-boost-its-surpluses/article34691702.ece?homepage=true Revenue from foreign and domestic investments apart, there was a spike in RBI’s holdings of GSecs for which it earns interest The transfer
GDP growth number: A pleasant surprise, but will it help in FY22? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gdp-growth-number-a-pleasant-surprise-but-will-it-help-in-fy22-121053101050_1.html With the second wave leading to a close down of services, in particular, progress will remain retarded Madan Sabnavis The GDP growth number
Can the rich help? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/can-the-rich-help-121053101220_1.html The recovery cannot be investments-led because most enterprises are nursing excess capacities Thanks to the second wave of Covid-19, India’s economic recovery process is stalled.
Cannot adjust LTCG gains against payments for flat made over 5 years – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-cannot-adjust-ltcg-gains-against-payments-for-flat-made-over-5-years/2262545/ The long-term capital gains from sale of a residential house property (held for more than 24 months) can be claimed as exemption under
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