‘Bona fide Indian workers abroad won’t be affected by NRI rule tweak’

‘Bona fide Indian workers abroad won’t be affected by NRI rule tweak’

🕔16:47, 2.Feb 2020

New Delhi, Feb 2 (IANS) A day after Union Budget proposed to tweak the rule to prevent NRIs from evading tax in India, the Finance Ministry has clarified that bona fide workers in other countries including in the Middle East who

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LIC listing in FY21 H2 with 10% dilution : Govt

LIC listing in FY21 H2 with 10% dilution : Govt

🕔14:57, 2.Feb 2020

New Delhi, Feb 2 (The government will list LIC in the second half of the next fiscal on the exchange with minimum 10 per cent equity dilution which is the extract norm, a senior government official said on Sunday. “The

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All tax exemptions will have to go eventually : Sitharaman

All tax exemptions will have to go eventually : Sitharaman

🕔14:56, 2.Feb 2020

New Delhi, Feb 1 After slashing income tax rates for individuals on condition that they give up exemptions and deductions, Finance Minister Nirmala Sitharaman on Saturday said the government intends to remove all IT exemptions in the long run. Speaking

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PM hails ‘visionary’, ‘action packed’ Budget

PM hails ‘visionary’, ‘action packed’ Budget

🕔14:54, 2.Feb 2020

New Delhi, Feb 1 (IANS) Prime Minister Narendra Modi lauded Finance Minister Nirmala Sitharaman for her second Budget on Saturday, calling it “visionary” and “action packed”. Unemployment has been a major concern for the government, for which it has faced the

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Removal of DDT & its financial impact

Removal of DDT & its financial impact

🕔14:53, 2.Feb 2020

Earlier effective Dividend Distribution Tax (DDT)was 16.995 per cent on the dividend declared. The tax was then grossed up in Budget 2014 and the current effective DDT rate was 20.56 per cent on the dividend declared. Further resident (non-corporate) shareholders

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Govt goes bullish on startups with ESOP holiday, tax relief

Govt goes bullish on startups with ESOP holiday, tax relief

🕔14:51, 2.Feb 2020

New Delhi, Feb 1 In a major boost for the growing startups community, Finance Minister Nirmala Sitharaman on Saturday announced five-year tax holiday on employee stock ownership plans (ESOPs) and other tax incentives for startups. “To boost startups, tax burden

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Talks on with Law Min on legislative changes for LIC listing : Fin Sec

Talks on with Law Min on legislative changes for LIC listing : Fin Sec

🕔14:49, 2.Feb 2020

New Delhi, Feb 1 Finance Secretary Rajeev Kumar on Saturday said the Ministry is in talks with the Law Ministry for the legislative changes needed on account of LIC listing. “We have started talks with the Law Ministry on the

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Global furniture, footwear brands hit by custom duty hike

Global furniture, footwear brands hit by custom duty hike

🕔14:23, 2.Feb 2020

New Delhi, Feb 1 In bad news for global furniture and footwear brands like Swedish home furnishing multinational IKEA that aim to expand in India, the government on Saturday announced a raise in customs duty on imported footwear to 35

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ADDRESS  by the President of Uzbekistan  Shavkat Mirziyoyev to the Oliy Majlis

ADDRESS by the President of Uzbekistan Shavkat Mirziyoyev to the Oliy Majlis

🕔12:47, 2.Feb 2020

Dear deputies and senators! Esteemed fellow countrymen! Distinguished guests! Ladies and gentlemen! Our beloved Uzbekistan is stepping into a new decade. The achievements we have secured turned into history and enormous tasks and opportunities are emerging before us in terms

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