Taxation

Banks need to push digital plans now; pandemic an opportunity to revive products, services: Former RBI deputy governor

Asserting that data confidentiality and infrastructural challenges are critical in the banking industry, Khan said many banks lack common shared repositories and databases, which have now become important.

Coronavirus Outbreak: Tax reliefs announced by govt to cost 2-3% of GDP, say experts

Taxation experts have welcomed the measures announced by the government, saying these steps will add up to 2-3 percent of GDP but will go a long way in addressing the issue of liquidity and deferment of payment obligations

Budget 2020: Startup sector needs relevant reforms, right support and opportunities to play crucial role in India's growth

To reduce startup 'infant mortality' and encourage angel investments, risk-taking, creation of jobs, it is hoped the government will allow for tax exemption for amounts invested in accredited startups.

CJI SA Bobde calls for speedy resolution of tax disputes, says move will free funds locked in litigation

The Chief Justice said tax judiciary plays a very important role in resource mobilisation of the country and expressed concern over pendency of cases.

Govt taking steps to simplify taxation, curb harassment of honest taxpayers: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the government is taking various steps to simplify taxation system and eliminate harassment of honest taxpayers

From GST to Insolvency and Bankruptcy Code, Arun Jaitley, Modi's consensus man, defied status quo after a lull in policymaking

Arun Jaitley spearheaded the consensus generation process interacting with opposition ruled states and finally managing to get the required approval from majority states.

Penal action for violation of CSR norms: Modi govt going after asset creators as if profit-making is a crime

In contrast, Modi has strengthened the command-and-control bureaucratic structure and seems to be doubling down on Gandhian socialism as the backbone of economic policymaking

Shadow banking crisis: State Bank of India tightens lending terms for auto dealers, says report

As part of the revised terms, State Bank of India, the largest bank in the country by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral, according to a memo

Taxation imbalances in Indian aviation sector need to be corrected: SpiceJet chief Ajay Singh

Asserting that Indian aviation sector has terrific potential, SpiceJet chief Ajay Singh has said imbalances in regulatory and taxation structure need to be corrected for the sector, which can be a bright spot of the economy

Income Tax Department proposes new norms for taxing MNCs in India; invites comments from stakeholders

MNCs incurring global losses or a global profit margin of less than 2% and have operations in India will be deemed to have made a profit of 2% of Indian revenue or turnover and will be taxed accordingly.