Revenue mobilisation is the single biggest impediment in the investment and consumption oriented budget announced on Friday. Reliance Securities' prognosis is that the GST collections have been below estimate for FY20 at Rs 1,050 billion against government's expectation of Rs ...
The Finance Ministry has sent out informative guide on various indirect tax proposals in the Union Budget to senior field officers for implementation. In a letter to Principal Chief Commissioner, Chief Commissioner and Principal Commissioner, the revenue department has advised them to guide trade and ...
he Union Budget maintained the governments stance of fiscal prudence and continued focus on infrastructure creation. The budget, presented on Friday, has provided impetus to the banking sector with recapitalization of PSU banks to the tune of Rs 700 billion which was ...
Since the time Prime Minister Narendra Modi has set a bold target of making India a $5 trillion economy by 2024 at a NITI Aayog meeting early last month, the conversations in the mass media have disproportionately centred on the idea. The Economic Survey - released a day before the Budget was presented in ...
An Indian woman has won a jackpot of 12 million dirhams ($3.2 million) at the Big Ticket raffle in the United Arab Emirates (UAE) capital and said she wants to use a part of the money to support underprivileged people, especially women. Sopna Nair, who hails from Kollam in Kerala, won the money in the Wednesday ...
In a move to attract more foreign funds into the Indian market, Finance Minister Nirmala Sitharaman on Friday proposed to allow foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) to invest in debt securities issued by non-banking finance companies (NBFCs)....
South Korean tech giant Samsung is staring at a big slump in its profits in the second quarter (Q2) of 2019. The handset maker has warned that its profits were likely to drop about 56 per cent year-over-year to 6.5 trillion Won ($5.6 billion) in the wake of falling chip market and global industry downturn....
The Supreme Court on Friday issued notice to the Centre and Unique Identification Authority of India (UIDAI) on a PIL challenging the validity of the Aadhaar Ordinance 2019. Interestingly, the hearing on the matter ended in half-a-minute, and the bench ...
The government has asked market regulator Sebi to look at raising the minimum public shareholding level in listed companies to 35 per cent from the current 25 per cent, Finance Minister Nirmala Sitharaman said on Friday. Presenting the Union Budget 2019-20 in Parliament, Sitharaman said: "We have ...
Finance Minister Nirmala Sitharaman on Friday announced a 'Pradhan Mantri Matsya Sampada Yojana to modernize the fishery sector. Presenting the Budget for 2019-20 in the Lok Sabha, Sitharaman said fishing and fishermen were closely aligned with farming and were crucial to rural India. ...