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
Category: Economy
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
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
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