Large taxpayers yet to take benefits of Sabka Vishwas amnesty scheme; deadline not to be extended beyond 15 January
As many as 87.5 percent of the eligible taxpayers have taken advantage of Sabka Vishwas, a dispute resolution-cum-amnesty scheme
Corporate tax cuts: Govt bites bullet to balance tax competitiveness, but will this attract India a major global investment hub
A nearly double-digit tax reduction in the effective tax rate, unmistakably, pegs India as one of the most competitive investment destinations not only across its Asian peers, but globally too.
'Strong, decisive' leadership seen as desirable, but Sitharaman's reversals to boost economy display its limitations
A few things happened this week that may have surprised those who were under the impression that India was doing very well economically.
No 'out of ordinary steps' in Nirmala Sitharaman's presser, but willingness to offer solution is positive sign for investors
The biggest takeaway from Nirmala Sitharaman's presser is that the government seems to have finally woken up to the economic slowdown and is showing a willingness to offer solutions
Tracking India's economic slowdown: Narendra Modi's $5 trillion goal is wishful thinking unless Rs 100 lakh cr infra puzzle is solved
If the Modi government finds a way and manage to implement the Rs 100 lakh crore investment as announced, this will indeed act as a big stimulus to the economy and help revive the job market.
Former Reserve Bank of India (RBI) governor, Bimal Jalan, has warned that the higher income taxes the government introduced in its budget could lead to a flight of funds from the country
Subhash Chandra Garg’s exit and Bimal Jalan report: Did dissent on surplus transfer trigger top official’s ouster from FinMin?
The ECF is one issue, but Garg has spearheaded too many controversial battles for the Finance Ministry with the RBI.
SEBI chief Ajay Tyagi writes to PMO, finance ministry seeking to reconsider Budget proposal on surplus fund transfer
Last week, a SEBI employees' body had reportedly sent a letter to Sitharaman opposing the Budget proposal that seeks to transfer 75% of the regulator’s surplus funds to the Consolidated Fund of India.
The Narendra Modi government’s ambitious target of a $5 trillion economy by 2024 has triggered interesting debates.
Enhancing delivery of quality health care: Biomedical engineers act as a bridge between modern medicine, engineering
From the concept to market reach and clinical trials, biomedical engineers are part of the health care ecosystem contributing to meeting the SDGs, especially universal health coverage.
Relaxing FDI limit in insurance intermediaries to strengthen distribution capabilities: Fitch Ratings
The Budget proposal of relaxing foreign investment limit in insurance intermediaries will strengthen distribution capabilities and increase international involvement, particularly from developed markets, Fitch Ratings said on Monday
Spat between Nirmala Sitharaman, scribes over North Block 'gag' undermines credibility of media, govt
Many journalists invited by Finance Minister Nirmala Sitharaman to her post-Budget dinner on Friday night have decided to boycott it in response to an order barring even government-accredited journalists access to the finance ministry’s North Block offices without prior appointments
Budget 2019: FMCG sector disappointed over lack of big announcements to revive consumption; govt measures for rural push give some hopes
Other FMCG products such as soap, toothpaste and hair oil now come under 18 percent tax bracket against the previous 23-24 percent rate.
Budget 2019 failed to make necessary provisions for improving education infrastructure, skill development
The central government is substituting regular budgetary outlays with this cess and a part of education cess is diverted elsewhere.
Budget 2019: Proposal to remove ambiguity on tax neutrality of demerger is a positive move in right direction
The taxpayer’s position for claiming tax neutrality for the entire transaction of demerger has been a matter of concern due to compliance with the applicable accounting framework.
FPIs can opt for corporate route to avail lower surcharge; hike is to provide benefit to taxpayers at lower end of slab: CBDT chief
Experts said surcharge on capital gain on companies is lesser and, therefore, these FPIs could choose to come as a company, if they wanted to pay a lesser surcharge.
Direct tax collection target of Rs 13.35 lakh cr for current financial year is achievable: CBDT chairman PC Mody
The government has re-calibrated and fixed the direct taxes collection target for this financial year at Rs 13.35 lakh crore, a task that the CBDT chief said is difficult but achievable
Around 450 entities withdrew over Rs 100 cr each in cash from bank accounts in one year, prompting govt to levy TDS
Just 448 entities withdrew over Rs 100 crore each taking the cumulative withdrawal to Rs 5.56 lakh crore in cash from bank accounts in one year, prompting the government to clamp down with a TDS on withdrawals of more than Rs 1 crore
Nirmala Sitharaman’s Budget is high on ambition but low on details; how will the big numbers be achieved?
Echoing Prime Minister Narendra Modi, Sitharaman said in her Budget speech that India would be a $5-trillion economy in 5 years.
Union Budget 2019 outlines reforms to support economy, but lacks plan for fiscal consolidation: Fitch Ratings
India's budget outlined some reforms that could support the economy, but its fiscal stance was left broadly unchanged with no plans for meaningful consolidation, Fitch Ratings said on Wednesday