Page 2137 - Economy & Policy News
From ONGC to Coal India, PSUs set to pay higher dividend with tax savings
The PSU stocks, though, could see risk due to greater disinvestment for fiscal 2020, global financial firmBank of America Merrill Lynch said
 "From ONGC to Coal India, PSUs set to pay higher dividend with tax savings")
Corporation tax cut: Bond yields may harden, rupee likely to remain stable
The liquidity framework is expected to make rate management conditioned on the prevailing liquidity in the system
 "Corporation tax cut: Bond yields may harden, rupee likely to remain stable")
No need to ban petrol, diesel vehicles; EVs picking up pace naturally: Govt
Gadkari says all buses would be electric in two years
 "No need to ban petrol, diesel vehicles; EVs picking up pace naturally: Govt")
SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1
Also, link pricing credit to Medium units to the repo rate
 "SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1")
Late southwest monsoon surge limits kharif season production shortfall
The reduced shortfall is largely because of good rainfall after-June, the government's first advanced estimate of 2019-20 foodgrains and commercial crop production has revealed
 "Late southwest monsoon surge limits kharif season production shortfall")
Handle income tax related issues of startups with utmost care: CBDT
On August 30, the CBDT had notified creation of a five-member special cell to address grievances of startups with relation to angel tax and other tax-related issues
 "Handle income tax related issues of startups with utmost care: CBDT")
Govt aims to revive closed sugar mills by using land for ethanol production
Gadkari said the ethanol economy has the potential to reach Rs 1 trillion from about Rs 25,000 crore and can reduce the annual Rs 7 trillion crude imports
 "Govt aims to revive closed sugar mills by using land for ethanol production")
Tax cuts will attract FDI in manufacturing, benefit auto industry: Icra
Indian auto manufacturers have imported components worth $17.6 billion during 2019-20 (till now) and this is likely to increase further in 2020-21 given the transitionary phase towards stricter safety
 "Tax cuts will attract FDI in manufacturing, benefit auto industry: Icra")
Odisha small scale units fear 300,000 job losses over switch to GeM
The rate contract system has proven to be a time tested process of procurement of quality goods at a reasonable price and within the stipulated time frame
 "Odisha small scale units fear 300,000 job losses over switch to GeM")
Economic slowdown due to structural changes, not cyclical: Amit Mitra
Mitra said the structural changes have been ushered in due to demonetisation and 'faulty' GST implementation along with the collapse of IL&FS
 "Economic slowdown due to structural changes, not cyclical: Amit Mitra")
DBS Bank expects modest rate cut at RBI's MPC meeting in October
The new effective rate takes India closer to its regional peers, on par with China, South Korea, Indonesia and OECD average
 "DBS Bank expects modest rate cut at RBI's MPC meeting in October")
Average residential flat sizes in top 7 cities down 27% in 5 years: Anarock
Surprisingly, NCR one of the worst-hit residential markets in recent years - has seen the least decline of merely 6 per cent
 "Average residential flat sizes in top 7 cities down 27% in 5 years: Anarock")
Tax cut, push for auto sector: What Sitharaman has done to rescue economy
Meeting traders, experts, entrepreneurs to gauge the pulse of the nation, Sitharaman has become a reformer, pulling all stops to get the economy out of a six-year-low growth rate
 "Tax cut, push for auto sector: What Sitharaman has done to rescue economy")
No plans to revise fiscal deficit target or cut spending now: Sitharaman
The government cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low.
 "No plans to revise fiscal deficit target or cut spending now: Sitharaman")
Corporation tax rate cut to simplify tax administration, reduce litigation
The corporation tax rate has been reduced from the existing 30-25 per cent to 22 per cent all the domestic companies
 "Corporation tax rate cut to simplify tax administration, reduce litigation")
PM Modi hails corporation tax rate cut as historic move for economic boost
The government on Friday slashed corporate tax rates for companies by almost 10%
 "PM Modi hails corporation tax rate cut as historic move for economic boost")
It's a bold move: RBI Guv Shaktikanta Das welcomes corporation tax cuts
The measures will augur extremely well and will be highly positive for our economy, Shaktikanta Das said at an event in Delhi
 "It's a bold move: RBI Guv Shaktikanta Das welcomes corporation tax cuts")
FM Nirmala Sitharaman announces corporation tax rate cuts: 7 Highlights
The finance minister announced a slew of measures to boost the slowing Indian economy
 "FM Nirmala Sitharaman announces corporation tax rate cuts: 7 Highlights")
How're corporation tax cuts going to be financed? Is this helicopter money?
Slashing the government's take from corporate profits to 25.2 per cent from 34.9 per cent has given a boost to stock-market sentiment
 "How're corporation tax cuts going to be financed? Is this helicopter money?")
Repo rate to be external benchmark for floating rate loans from Oct 1: SBI
The bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole
 "Repo rate to be external benchmark for floating rate loans from Oct 1: SBI")