Page 1839 - Economy & Policy News

FM Nirmala Sitharaman's TDS, TCS move will not ease tax burden: Experts

The move will help release liquidity worth Rs 50,000 crore, according to government estimates. Experts, however, feel that its impact will be limited as tax incidence remained the same.

FM announces Rs 90,000 cr liquidity infusion in power distribution sector

PFC, REC to extend one-time loans with riders

Govt move to extend project timelines will help stressed realtors: Experts

Home buyers, on the other hand, will have to wait longer to take possession

Fiscal stimulus 2.0: No global firms in govt tenders below Rs 200 crore

For this purpose, the general financial rules (GFR) will be amended to disallow global tender enquiries.

Covid-19 package: MSME definition changed, loans worth Rs 3-trn announced

Govt announces 10,000 crore fund of funds for MSMEs to grow, cancels global tenders below Rs 200 crore

Lot will depend on how India exits from lockdown, says Kaushik Basu

The basic issues at present are the concerns about the food chain, jobs and migrant workers, which have to be resolved immediately, Basu said

Banks to breathe easy as govt's Rs 3.7 trn package brings relief for MSMEs

Wednesday's package also addressed some concerns in power and real estate

India's window of opportunity for attracting companies is closing

The window of opportunity for attracting companies looking to divert investments from the Asian manufacturing giant is closing

Maharashtra to fast track industrial approvals to 24 hrs from 6 months

Many companies are backing out from China (after coronavirus outbreak) and we are closely watching the developments, industries minister said

UN lowers India growth rate projection to 1.2% in 2020, to recover in 2021

India's economic growth is forecast to slow to 1.2 per cent in 2020, a further deterioration from the already slowed growth of 4.1 per cent in 2019

India Inc cheers stimulus package, says will provide relief to businesses

Industry bodies said the measures will infuse liquidity in the market and inject a fresh lease of life in distressed micro, small and medium enterprises

Need to be cautious about slipping into permit Raj: Kaushik Basu

With a record capital outflow of $16 bn in March, the biggest in a month, India must be careful about the future, he said

Punjab govt to allow home delivery of liquor, impose Covid cess on sale

CM Amarinder Singh sets up three-member panel of senior officers to assess losses from closure of liquor vends because of lockdown

Mamata calls Modi's mega Rs 20 trillion package a 'big zero and eyewash'

West Bengal CM says extension of the deadline to file tax return is not a benefit as people are under lockdown and in any case they cannot meet the earlier deadline

Clear picture of April GST collections will come by June-end: Finance secy

The government had in March extended the deadline to file GST returns for taxpayers with turnover of over Rs 5 crore by 15 days till May 5

15 different measures FM Nirmala Sitharaman announced today

Among 15 measures announced - 6 are for MSMEs, 2 related to EPF and 2 related to MFIs, 1 to discoms, 1 to contractors, 1 to real estate, and 2 tax measures

Small businesses to taxpayers get share in govt's stimulus package

Dates for filing income tax returns and other assessments extended as Finance Minister lists details of Rs 20 trillion help for economy.

Centre asks sugar mills to divert excess cane, sugar for ethanol production

In order to encourage mills to divert sugarcane to produce ethanol in the interest of farmers and sugar industry, soft loans of Rs 18,600 crore are being extended through banks to 362 projects

TDS rate cut by 25%; period for tax returns extended in Rs 20-trn stimulus

Sitharaman further said the income tax department will fast track processing of pending refunds to charitable trusts, LLPs, non-corporate businesses and proprietorship firms, among others

Tax break to provident fund: What stimulus has for you and economy

Government support in the form of 12% employer and 12% employee contribution extended for another three months - June, July and August