Page 1954 - Economy & Policy News

Budget 2020: One-stop online portal for foreign investors coming soon

The window will map land banks, provide necessary clearances

Budget 2020: Customs duty ambiguity on imported solar power equipment

Solar modules constitute 80% of the cost of a solar power project.

Budget 2020: Exemption on corporate tax to power NTPC, renewables

The renewable energy sector is elated that the benefit will come to them, given no future pipeline of any thermal power projects

Budget to bring back economic growth momentum, says Ficci president

The Budget offers huge relief to exporters with the introduction of a new scheme for reversion of duties and taxes on exported products

Govt provides 30% higher budget allocation to agriculture for FY21

Maximum of Rs 75,000 crore has been allocated for the government's flagship scheme PM-Kisan for the 2020-21 fiscal

Divestment to help both LIC and government, says Jayant Sinha

Sinha praised Sitharaman saying she addressed the economic situation, fiscal deficit and macro-economics very well

No tax on bonafide workers in Middle East, global income of NRIs in India

Indians working in the Middle East, as well as those in Merchant Navy, will not be taxed using the new provision

Revised 3.8% fiscal deficit for FY20 looks ambitious, says SBI Research

The revised deficit target is propped on the belief that the divestment will fetch Rs 65,000 crore through the next two months

Govt raises outlay for digital India programme by 23% to Rs 3,958 crore

The government has increased allocation for National Knowledge Network to Rs 400 crore from Rs 274 crore in the current fiscal

No intention to tax global income of NRIs in India, says FM Sitharaman

'What we are doing now is that the income of an NRI generated in India will be taxed here', said FM

New tax slabs proposed in Budget to benefit taxpayers: CBDT chairman

The set target for revenue collection (personal income tax, corporate tax and others) was Rs 13.35 trillion for the 2019-20 financial year that ends on March 31

Budget 2020 bets on barren land, railway tracks to raise solar capacity

India has set a target to raise renewable energy capacity to 175 gigawatts by 2022.

Nirmala Sitharaman's Budget: Nod to international bullion exchange at IFSC

The government has also allowed rupee derivatives to be traded GIFT-IFSC, with an intention to bring all offshore rupee trading onshore with a 22-hour trading window

15th Finance Commission report: Devolution for FY20-21 cut marginally

Nirmala Sitharaman said that the Centre had decided to "substantially" accept the recommendations of the 15th FC but did not indicate which recommendations it has accepted

Union Budget 2020: Fake invoicing under GST a non-bailable offence

Sitharaman announced that the new GST return framework and e-invoicing would be implemented from April 1, to improve compliance and plug the tax revenue leakages

Budget 2020: FM proposes hike in Customs duties, outlines road map for more

Govt to trim exemptions by Sept, review customs law and procedures in line with ease of doing business

Full marks for technocratic budget that lets us embrace ease of living

India's corporate tax structure is now globally competitive! Rates of 25 and 15 per cent are completely acceptable to international investors

Budget 2020: Centre kicks off immunity scheme to settle income tax disputes

Waiver from interest and penalty if paid by March 31; estimated value of contested money over Rs 5 trillion

'Against national interest': LIC divestment move faces unions' ire

The new income tax slabs announced Saturday appear aimed at Delhi voters, particularly younger entrants to the job market or those employed in the gig economy

Budget 2020: DDT cut comes as a boon for firms, bane for shareholders

The move to remove DDT comes within months of the Centre lowering corporation tax from 30 per cent to 22 per cent