Govt is dedicated to turn India into $5 trillion economy: President Ram Nath Kovind
President Kovind said, "India has made significant improvement in World Bank’s Ease of Doing Business ranking."
Jan 31, 2020, 12:32 PM IST
President Ram Nath Kovind in Parliament lists steps taken to promote education among Muslims
Kovind mentioned the steps taken to promote education in general and among the Muslim community in particular.
Jan 31, 2020, 11:56 AM IST
Budget 2020: Officer stays back in North Block, ignores personal loss
Kuldeep Kumar Sharma, Deputy Manager (Press), has been in lock-in as he is one of the key staff tasked with printing of confidential Budget documents. While he was busy with the assignment, his father passed away on January 26, 2020.
Jan 31, 2020, 07:16 AM IST
Budget Session of Parliament commences; FM Sitharaman to table General Budget 2020-21 on Feb 1
The budget session of Parliament will commence on Friday (January 31). Finance Minister Nirmala Sitharaman will present the General Budget 2020-21 in the Lok Sabha on Saturday (February 1).
Jan 31, 2020, 07:08 AM IST
Budget 2020 need to rekindle animal spirit of entrepreneurs for economic growth
The forthcoming Union Budget must address the issue of how to improve the flow of savings to investments, whether in the form of equity or debt.
Jan 30, 2020, 17:14 PM IST
Budget 2020: Meet 'Fantastic Four' who give critical feedback to Finance Minister Nirmala
Even as all eyes will on the Budget, there is a "fantastic four", as they are often referred to within the BJP, who have, for months, been giving critical feedback to the Finance Minister on what the budget should be and specifically, which sectors deserve more allocations.
Jan 30, 2020, 17:10 PM IST
Ready to discuss all issues: PM Narendra Modi at all-party meeting ahead of Budget Session
During the all-party meeting, the PM also cautioned the Opposition leaders to introspect upon their stand on the Citizenship Act that has been passed democratically in Parliament, he added.
Jan 30, 2020, 16:35 PM IST
Budget expectation: Most OK with Rs 20K monthly pay but want tax free income
For the last 10 years, the demand that tax exemption should be no less than 4 lakhs per annum has continued.
Jan 30, 2020, 16:29 PM IST
Budget may unveil new amnesty scheme for legacy disputes in Income Tax
The Finance Ministry received around 1.89 lakh applications under the Sabka Vishwas (Legacy Dispute Resolution Scheme) 2019, which kicked off in September and concluded on January 15.
Jan 30, 2020, 16:18 PM IST
Budget 2020: BJP recommends tax tweaks to attract foreign investors
India charges 15% short-term capital gains tax if equity shares are sold within a year and at 10% if sold after a year. Another demand has been for an amendment to dividend distribution tax (DDT) rules.
Jan 30, 2020, 11:04 AM IST
Budget 2020: Jharkhand Industry body expects relief, exemptions for real estate
Praveen Kr Jain, vice president, FJCCI, told ANI, "Real estate contributes to a great extent in our economy. Most importantly, it provides employment."
Jan 30, 2020, 10:59 AM IST
Union Budget may have uniform LTCG duration for equity, property and gold
These asset classes more or less are the bulwark of the investment ecosystem in the country and a standard LTCG computation would introduce transparency and provide more clarity and simplicity of the regime for investors.
Jan 28, 2020, 13:33 PM IST
Microfinance institutions seek more refinance from DFIs in Union Budget
The industry has also urged the government to create a dedicated fund for MFIs which are financing water and sanitation projects.
Jan 28, 2020, 12:46 PM IST
Government may consider unveiling national logistics policy in Budget 2020
The policy, which also aimed at reducing the high transaction cost of traders, may be proposed setting up of a central portal, which will provide end-to-end logistics solutions to companies.
The portal will be a single-window marketplace to link all stakeholders.
Budget 2020: Appliances, consumer electronics industry seeks tax relief, govt incentives
The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has urged the government to offer incentives for manufacturers to produce energy-efficient products which will be in line with the government's focus on sustainability in a pre-budget memorandum.
Jan 27, 2020, 18:42 PM IST
Industry body asks FM Sitharaman to slash GST on Auto LPG in Budget 2020
High GST rates on clean fuels and conversions kits are in complete variance to the government's stated green mobility push, IAC said in a statement.
Jan 27, 2020, 12:21 PM IST
Budget 2020: Import duty cut likely on raw material for fertiliser industry
In a bid to boost domestic manufacturing, the government is likely to go ahead with cut in import duty on raw material used in the fertiliser industry, sources said, adding that lower import duty on raw material like rock phosphate and sulphur used for manufacturing of DAP (Di ammonium phosphate) would help boost domestic production and cut in import bill.
Jan 27, 2020, 11:45 AM IST
Budget 2020 may do away with capital gains on selling of property
If the property is sold within 24 months, one has to pay a short-term capital gains tax (STCG) on the gains as per an individual`s income-tax slab.
Jan 27, 2020, 11:16 AM IST
Budget 2020: Consumer electronics industry seeks tax relief, incentives
The CEAMA has urged the government to offer incentives for manufacturers to produce energy-efficient products which will be in line with the government's focus on sustainability in a pre-budget memorandum.
Jan 27, 2020, 10:58 AM IST
Budget 2020: Finance Ministry mulls options on cuts in personal income tax
The government is discussing multiple options on cuts in personal income tax (PIT) in the forthcoming Union Budget, as the clamour grows for more money into the pockets of consumers and households to boost consumption in the economy.
Jan 27, 2020, 10:46 AM IST
