Clipped from: https://www.business-standard.com/article/companies/pli-deadline-device-makers-likely-to-knock-on-pmo-door-for-extension-121040100018_1.html The scheme was the first among the 10 new PLI schemes across various sectors which was announced last September The move comes close
Category: Budget
Slippery slope | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/slippery-slope-121033101333_1.html Guaranteeing DFI debt will increase systemic risk Parliament has cleared the way for setting up the National Bank for Financing Infrastructure and Development
Inflation targeting has been a success – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/inflation-targeting-has-been-a-success/article34208320.ece This policy has done well to reduce inflation and improve transparency, and the Centre is rightly continuing with it In May 2016, the
Can’t let PLI scheme go bust, nurture it – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rational-expectations-cant-let-pli-scheme-go-bust-nurture-it/2224379/ This includes carrying over FY21’s PLI due to force majeure, allowing Chinese players in & ensuring WTO compatibility Since such localisation targets are
PLI scheme for IT hardware: Deadline to file application extended to April 30 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/pli-scheme-for-it-hardware-deadline-to-file-application-extended-to-april-30/2224259/ The scheme aims at providing incentive of 4% to 1% on net incremental sales over base year (2019-20) to the selected companies. “The
Cabinet approves Rs 10,900 crore PLI scheme for food processing industry–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cabinet-approves-rs-10900-crore-pli-scheme-for-food-processing-industry/story/435351.html The PLI scheme will incentivise manufacturing of four major food product segments — ready to cook/eat foods, processed fruits and vegetables, marine products
Cabinet approves Rs 10,900 crore PLI scheme for food processing industry–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cabinet-approves-rs-10900-crore-pli-scheme-for-food-processing-industry/story/435351.html The PLI scheme will incentivise manufacturing of four major food product segments — ready to cook/eat foods, processed fruits and vegetables, marine products
A billion for every chip-maker who ‘makes in India’ – The Hindu
Clipped from: https://www.thehindu.com/sci-tech/technology/a-billion-for-every-chip-maker-who-makes-in-india/article34207041.ece How to disburse the cash incentives has yet to be decided and the government has asked the industry for feedback, said a second
New Income tax rules 2021: Tax on PF interest, reduction in time limit of ITR filing, other changes–economic times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-on-pf-interest-pan-aadhaar-non-linking-fine-other-money-rules-that-change-from-april-1/articleshow/81759692.cmsSynopsis With the start of the new financial year on April 1, various tax and money rules come into effect. Here is a look
Non-repatriable investments will now be treated at par with domestic investments by resident Indians – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/non-repatriable-investments-will-now-be-treated-at-par-with-domestic-investments-by-resident-indians/articleshow/81774092.cmsSynopsis When an NRI invests in India, she has to mention in the KYC form whether the funds will be repatriable or not. As
Status check of PLI schemes that aim to make India world’s factory | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/status-check-of-pli-schemes-that-aim-to-make-india-world-s-factory-121032900021_1.html Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction
Over 4 cr old vehicles on Indian roads, Karnataka tops list at 70 lakh – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/over-4-cr-old-vehicles-on-indian-roads-karnataka-tops-list-at-70-lakh/articleshow/81734751.cmsSynopsis The Ministry of Road Transport and Highways has digitised the data of such vehicles throughout the country, excluding Andhra Pradesh, Madhya Pradesh, Telangana
India Budget 2021: The Direct Tax Fine Print–bloomberg quint
Clipped from: https://www.bloombergquint.com/business/budget-2021-the-direct-tax-fine-print BloombergQuintOpinion The Union Budget was presented in the backdrop of possibly one of the worst ‘black swan’ events in the last 100 years.
‘PLI scheme to nudge OEMs towards local sourcing for greater Made-in-India capacity utilisation of MSMEs’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-pli-scheme-to-nudge-oems-towards-local-sourcing-for-greater-made-in-india-capacity-utilization-of-msmes/2222274/ Ease of Doing Business for MSMEs: The PLI scheme has an anchor-led model that will enable OEMs to adopt an import-substitution approach and
10 most common mistakes taxpayers can avoid while saving tax – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/10-most-common-mistakes-taxpayers-can-avoid-while-saving-tax/2221531/ Common Income Tax Mistakes: Completing one’s tax planning exercise at the fag end of the financial year comes with its own share of
Budget signals focus on improving tax compliance, increasing transparency–SURANJALI TANDON WRITES: indian express
Clipped from: https://indianexpress.com/article/opinion/columns/union-budget-tax-compliance-economy-gdp-growth-7190263/ With little flexibility to change rates or to redefine the tax base, it is expected that the rate of growth in tax revenue
Neelkanth Mishra writes: Govt is carefully supporting industrial and consumer sentiment to take economy back to pre-pandemic path–indian express
Clipped from: https://indianexpress.com/article/opinion/columns/union-budget-2021-nirmala-sitharaman-post-pandemic-economic-recovery-7170474/ Despite being acutely aware of the plight of the urban poor, given the lack of efficient channels to provide direct help, the government
Budget 2021 fails to give priority to boosting jobs–ASHWINI DESHPANDE–indian express
Clipped from: https://indianexpress.com/article/opinion/columns/india-budget-2021-msme-sector-covid-19-impact-economy-nirmala-sitharaman-7170475/ The budget should have shown how serious it was about inclusive growth by announcing direct cash support to informal workers, circular migrants, agricultural
Budget balances next quarter with next quarter-century, blends prudence, ambition–MANISH SABHARWAL WRITES: INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/budget-nirmala-sitharaman-coronavirus-pandemic-economy-rbi-7170476/ This budget reflects policymaking that is risk-taking and ambitious. More importantly, when seen with the three Covid mini-budgets and seven previous annual budgets,
Sitharaman has faced down critics to unshackle India’s economic growth story | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/nirmala-sitharamam-indian-economy-budget-7176525/ Surjit S Bhalla writes: What is even more remarkable is that the good budget came in the year of the farmers protests. Fianance
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