Power generation deemed manufacturing, pay lower 15% corp tax

Power generation deemed manufacturing, pay lower 15% corp tax

🕔20:05, 1.Feb 2020

New Delhi, Feb 1 (IANS) As part of efforts to attract investment in the power sector and make its operations viable, the Budget 2020-21 on Saturday extended the benefit of lower corporate tax rate of 15 per cent to generating units

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Proposed new tax rates may impact LIC valuations : Experts

Proposed new tax rates may impact LIC valuations : Experts

🕔20:03, 1.Feb 2020

Chennai, Feb 1 Union Finance Minister Nirmala Sitharaman, announcing the disinvestment of Life Insurance Corporation of India (LIC), has scored a self goal against that proposal with her new tax slabs that would impact sales of insurance policies and valuation

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DDT removed, recipients to pay tax

DDT removed, recipients to pay tax

🕔20:02, 1.Feb 2020

New Delhi, Feb 1 In a relief to companies and a boost to equity markets, Finance Minister Nirmala Sitharaman on Saturday announced the removal of dividend distribution tax (DDT) and now tax will be paid only by the recipients, a

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Tax concessions to Co-ops & 5-fold increase in MSME audit

Tax concessions to Co-ops & 5-fold increase in MSME audit

🕔20:01, 1.Feb 2020

New Delhi, Feb 1 Finance Minister Nirmala Sitharaman said the government has decided to give concessional tax rate to co-operative societies and also raised the audit threshold for Micro, Small & Medium Enterprises (MSME) from Rs 1 crore to Rs

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Railways gets Rs 70,000 cr in budget, salary remains headache

Railways gets Rs 70,000 cr in budget, salary remains headache

🕔20:00, 1.Feb 2020

New Delhi, Feb 1 Railways has got a budgetary allocation of Rs 70,000 crore and the highest-ever outlay for capital expenditure amounting to Rs 1.61 lakh crore from Finance Minister Nirmala Sitharaman in the Union Budget for 2020-21 presented on

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Slew of plans to give India employability edge : Budget

Slew of plans to give India employability edge : Budget

🕔19:58, 1.Feb 2020

New Delhi, Feb 1 With the government identifying skills as an important component in employability, Finance Minister Nirmala Sitharaman said that moves are afoot to stimulate the education sector with a new education policy. Presenting the Union Budget, her second

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National Recruitment Agency for all computer based exams soon

National Recruitment Agency for all computer based exams soon

🕔19:57, 1.Feb 2020

New Delhi, Feb 1 Emphasising on creating more employment, Union Finance Minister Nirmala Sitharaman on Saturday announced that a National Recruitment Agency (NRA) will be set up for all computer-based examinations for recruitment to non-gazetted government and public sector banks

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Budget extends period of lower withholding tax on ECB

Budget extends period of lower withholding tax on ECB

🕔19:56, 1.Feb 2020

New Delhi, Feb 1 (IANS) Indian companies seeking foreign debt may continue to see their cost of capital fall amidst a rise in overseas investor interest with government extending a concessional 5 per cent withholding tax on these overseas papers. Presenting

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ndustry lauds govt proposal for agri flight, rail services

ndustry lauds govt proposal for agri flight, rail services

🕔19:55, 1.Feb 2020

New Delhi, Feb 1 Industry observers and analysts have lauded the government’s proposal to introduce dedicated rail and flight transport services for the agri-allied sector. Under the 16-point plan to boost agriculture and allied sectors, Sitharaman announced in her Union

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National Logistics Policy will be Released Soon

National Logistics Policy will be Released Soon

🕔19:16, 1.Feb 2020

Policy to Create a Single Window E- Logistics Market By TN Ashok New Delhi, Feb 01 : A National Logistics Policy will be released soon specifying  the roles of the Union Government, State Governments and key regulators,  said Finance Minister, Nirmala

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Budget 2020-21”s Roadmap for Boosting Economy

Budget 2020-21”s Roadmap for Boosting Economy

🕔19:13, 1.Feb 2020

National Statistical System to be reformed, Chief Statistician Secretary, (MoSPI) By TN Ashok New Delhi, Feb 01: The Governments’ initiatives and programmes envisaged under the three themes, viz., aspirational India, economic development, caring society would drive the economy towards holistic

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Ease of doing business and Ease of living main theme of budget FY 2020-21 – FM

Ease of doing business and Ease of living main theme of budget FY 2020-21 – FM

🕔16:28, 1.Feb 2020

GDP expected to touch 10% by FY 2021. FDI, FPI to raise and LIC & Air India divestment enhance hopes By TN Ashok New Delhi, Feb 01 : Presenting a “ Scream Budget against a Dream budget “ to parliament today ,

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V. K. Singh assumes charge of Director (Personnel), POWERGRID

V. K. Singh assumes charge of Director (Personnel), POWERGRID

🕔16:25, 1.Feb 2020

Gurugram, Feb 01 Vinod Kumar Singh has assumed the charge of Director (Personnel) of Power Grid Corporation of India Limited (POWERGRID) on 1st February, 2020. Prior to his joining as Director (Personnel), he worked as Senior General Manager (Human Resource

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‘All-round development of J&K, Ladakh top priority of govt’

‘All-round development of J&K, Ladakh top priority of govt’

🕔16:21, 1.Feb 2020

New Delhi, Feb 1 (IANS) For development works in newly-created Union Territories of Jammu & Kashmir and Ladakh, Union Finance Minister Nirmala Sitharaman has allocated Rs 30,757 crore and Rs 5,958 crore, respectively, for the financial year 2020-21. In the Lok

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Govt sets Rs 2.1 lakh cr disinvestment target for FY21

Govt sets Rs 2.1 lakh cr disinvestment target for FY21

🕔16:19, 1.Feb 2020

New Delhi, Feb 1 (IANS) The government has set a divestment target of Rs 2.1 lakh crore for FY21 on the back of planned listing of LIC and privatisation of Air India and BPCL, and it’s around Rs 1 lakh crore

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Budget 2020: IDBI Bank to be privatized post Govt exit

Budget 2020: IDBI Bank to be privatized post Govt exit

🕔16:18, 1.Feb 2020

New Delhi, Feb 1 Finance Minister Nirmala Sitharaman said on Saturday the government would sell its entire stake in IDBI Bank to private players. After the announcement, shares of IDBI Bank surged over 12 per cent to Rs 38.25, gain

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Govt to ensure improved flow of funds to northeast : FM

Govt to ensure improved flow of funds to northeast : FM

🕔16:17, 1.Feb 2020

New Delhi, Feb 1 The northeast region has a very high priority in government’s developmental agenda, said the Union Finance Minister Nirmala Sitharaman on Saturday, stressing upon that the government will to ensure smooth access to financial assistance from funding

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Breaking down the new Income Tax structure (Opinion)

Breaking down the new Income Tax structure (Opinion)

🕔16:14, 1.Feb 2020

BY VED JAIN  The Union Budget presented by Finance Minister Nirmala Sitharaman has proposed major changes in Income Tax rates. A new Section 115 BAC is being introduced whereby an individual and HUF can opt to pay tax as per

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Mixed Bag of Fortunes in Modinomics in FY 20-21 Budget of unenviable FM Nirmala Sitharaman

Mixed Bag of Fortunes in Modinomics in FY 20-21 Budget of unenviable FM Nirmala Sitharaman

🕔15:58, 1.Feb 2020

Heightened expectations in a depressed economic scenario fall flat – Markets react negatively By TN Ashok New Delhi, Feb 01 : Expectations rode high on the FY 2020-21 budget presented today in parliament by the Finance Minister Ms. Nirmala Sitharaman

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Income tax rates, slabs changed; those earning up to Rs 15 lakh benefit

Income tax rates, slabs changed; those earning up to Rs 15 lakh benefit

🕔14:12, 1.Feb 2020

New Delhi, Feb 1 In a major relief to middle class, Finance Minister Nirmala Sitharaman has proposed to cut income tax rates and change slabs to lower tax incidence for those earning upto Rs 15 lakh a year. The Minister

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