GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in August; slowdown in economy impact revenue collections
The GST, which was introduced two years ago, has subsumed most of the indirect taxes
Foreign investors pull out Rs 2,881 cr in just two trading sessions in August; impact of domestic, global headwinds
Foreign investors withdrew more than they invested as the US-China trade war has started brewing again which is not helping investors' sentiments
The government's plan to mobilise funds through overseas sovereign bonds has triggered a debate on its efficacy
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.
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
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.
Nirmala Sitharaman said the big picture presented in the Budget is backed with a plan to increase investment without compromising on the fiscal consolidation roadmap.
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
Weak growth prospects for India will complicate the government's fiscal consolidation efforts, weighing on the sovereign's credit quality, Moody's Investors Service said on Tuesday
Budget 2019 has delivered quick fixes; govt seems to have made attempt to address several policy gaps
The maiden Budget speech of Finance Minister Nirmala Sitharaman, perhaps the longest in recent years, witnessed a flurry of policy announcements, both for rural and urban India.
Payments Council says abolishing MDR charges to dry up investment capital; will kill revenue source for industry
Abolishing merchant discount rate (MDR) to facilitate digital transaction in the country will dry up foreign capital investment besides leaving the sector without sources of revenue generation, the Payments Council of India (PCI) said on Tuesday
Startups should not have any concern related to taxation and the government is putting in place an administrative mechanism to resolve the legacy issues, CBDT chief PC Mody said on Tuesday
Shaktikanta Das said the Budget provision of Rs 70,000 crore towards bank capitalisation is a very positive development