Capex injects funds directly into the spending stream and is hence superior to even direct cash transfers where the action of the beneficiary can never be guessed accurately
Various tax exemptions for salaried class has outlived utility; time for Nirmala Sitharaman to enhance them
Currently, the maximum tax rate of 30 percent is triggered at an income exceeding Rs 10 lakh per annum
Budget 2020: Having showered confetti on corporates, Nirmala Sitharaman cannot disappoint salaried class
The one-size-fits-all standard deduction of Rs 40,000 from salary needs to be upped to a third of the salary or Rs 1 lakh whichever is less
Budget 2020: Converge multiple corporate tax rates to 15% by April 2023; CII urges govt to make announcement on 1 February
The government last year reduced corporate tax rates to 22 percent, plus surcharge and cess
Indian IPOs fall to four-year low as economy falters; potential govt reforms may boost stock markets in 2020, say analysts
Financials and industrial sectors led the declines in IPO issues, with proceeds more than halving.
India needs to keep fiscal deficit target; requires increased revenue mobilisation: IMF chief economist Gita Gopinath
India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, Gita Gopinath said.
Chief Economic Adviser KV Subramanian on Friday said that the government recognised the need to cut the corporate tax to boost investments
Fitch said it was revising the fiscal deficit forecast as revenue collection may fall far short of the projections in the FY2019/20 Union Budget due to weak GST and corporate income tax collections.
Venture investments up 69% at $16.4 bn in Q2; strongest-ever quarter by deal values for PE, VC industry: Report
Venture capital investment in India strengthened during the September quarter led by a slew of large deals of over $100 million
The Central Board of Direct Taxes (CBDT), in a clarification, said companies will be allowed to utilise such credits only against regular taxes under the old regime
Industry, stock market experts term Sitharaman's corporate tax cut 'revolutionary', say will make Indian firms globally competitive
In a major fiscal booster, the government on Friday slashed effective corporate tax to 25.17 percent inclusive of all cess and surcharges for domestic companies.
Direct Tax Code: Government proposes to overhaul taxation system; here is how new rules will affect you
Direct Tax Code appears to be a simpler version as compared to the existing income tax law, which is a welcome measure
Union Budget 2019: Finance Minister should consider bringing down corporate tax rate for all companies, irrespective of turnover
In February 2019, the then Interim Finance Minister Piyush Goyal adopted a pragmatic approach by providing a pro-growth and fiscally prudent Budget
US stocks, which had rallied broadly on Wednesday after the results of the US congressional elections, turned lower as the Fed’s statement offered no indication the central bank might slow the pace of its rate increases.
Absence of a standard deduction puts the salaried taxpayers at a disadvantage particularly when the inflation is all pervasive in the economy
"Private investments have not happened. Substantial reduction of tax rates will attract growth rate," Sunil Kanoria, President of Assocham, said in an interview with BTVi.
Industry chambers including CII and Ficci also suggested that withdrawal of incentives should be in tandem with the reduction in corporate tax rate besides removal of MAT
Industry lobby groups have been demanding a cut. If the government obliges, that will offer a big boost to the industry
Government is likely to cap subsidy burden at about 1 per cent of gross domestic product in FY16 while restricting fiscal deficit at 3.6 percent, global consultancy firm EY said.