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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 ,
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
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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