Page 362 - Economy

Job schemes not a mandate, but a nudge to firms, says FM Sitharaman

The finance minister said the private sector shouldn't feel the pressure as it is not mandatory

First draft of revised direct tax code in 6 months: Revenue secretary

Malhotra said that the exercise is not linked to bringing a new Direct Tax Code, but a comprehensive review of the income tax law

Labour minister to meet with 20 ministries on 'capturing' employment data

Meeting will on Friday review steps taken by ministries and departments for generating employment

India-UK unveil futuristic Technology Security Initiative; to seal FTA soon

The British foreign secretary also held separate talks with National Security Advisor Ajit Doval

Union Budget 2024-25: Emphasis on bringing simplicity in direct tax system

Tax proposals aim to bring in uniformity, improve compliance and reduce litigation

Credit rating agencies upbeat on India's fiscal consolidation plan

Moody's Ratings notes that the Budget is credit positive

66% taxpayers opted for new ITR filing in current season: CBDT chairman

So far, the CBDT chief said, as the new tax regime is concerned, the government is nudging the taxpayer towards opting for it and therefore this is being sweetened also, by way of changing tax slabs

'Vision-setting Budget for Viksit Bharat 2047,' says FM Sitharaman

Finance Minister spoke on issues ranging from the private sector's role in job creation to coalition needs in making Budgets, at her North Block office

Rlys on the move, eyes to ferry 7.4 bn passengers, 1,650 mt freight in FY25

Railways Minister Ashwini Vaishnaw said phased rollout plan of Kavach would be released soon

Gains in new orders, biz activity surge pushes flash PMI to 61.4 in July

According to the survey carried out by the global banker, the headline flash composite Purchasing Managers' Index (PMI) figure rose to 61.4 in July, compared to 60.9 in June

Govt will come out with new shipbuilding policy soon: Shipping Minister

The industry had shown several concerns about the policy, which are now being deliberated on by the ministry before it unveils the final policy

Govt prepares for Rs 10,000 crore war chest to fight food inflation

Within the whole inflation basket, food inflation has been stubbornly high

Shouldn't have fiscal incentive or disincentive towards savings: DEA secy

We are moving in the direction of fiscal prudence as well as finding adequate money for priority expenditure, he says

Top firms' profit drop led to cut in corporation tax forecast: Revenue secy

In conversation with Shrimi Choudhary, the senior bureaucrat discusses several tax-related announcements in the Union Budget

Govt cannot go alone in skilling, pvt sector crucial: Finance Secretary

Finance secretary discusses the Union Budget's emphasis on employment, skills, and state-level reforms

I-T dept says changes in capital gains tax to promote ease of compliance

The holding period of gold, unlisted securities (other than unlisted shares) is also reduced from 36 months to 24 months for calculating LTCG

Union Budget 2024-25: Govt aims on strengthening social sector reforms

Budget's focus is to create jobs and improve workforce skills

Union Budget 2024-25: Lightening the indirect burden on taxpayers

The Budget has taken up several welcome measures for their benefit and overall trade facilitation

Govt changes stance on fiscal consolidation, prioritises debt reduction

Finance Secretary said the figure of 3% for fiscal deficit does not take into account the specific dynamics of a fast growing economy like India

Govt notifies governing council to set up framework for Data Innovation Lab

The council will also have representation from NITI Aayog, the Indian Statistical Institute, and the Department of Science & Technology (DST)