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Author: Birendra

Economy

Startups to be listed for angel tax exemption

February 9, 2019February 9, 2019 - by Birendra

The Department for Promotion of Industry and Internal Trade (DPIIT) and the Central Board of Direct Taxes (CBDT) soon will come up with a list of startups eligible for angel …

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Economy

Taxpayers, MPs, MLAs can’t avail farm income support

February 8, 2019February 8, 2019 - by Birendra

Government has announced income support scheme for farmers in Interim Budget 2019 which envisages the payment of ₹6,000 per annum to marginal and small farmers (each holding cultivable land up …

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Economy

Only 50% of PAN linked to Aadhaar

February 8, 2019February 8, 2019 - by Birendra

Supreme Court ruled that the linking of PAN with Aadhaar is mandatory to file income tax returns from April 1, 2019 onward, it is mandatory for even those who do …

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Economy

Government proposed no modification in February 12 circular of the RBI.

February 8, 2019February 8, 2019 - by Birendra

The February 12 circular aims at quick reporting of defaults, resolution plan for defaulting companies and a time-bound referral of defaulting companies to the National Company Law Tribunal (NCLT) and …

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Economy

RBI cuts repo rate by 25 bps:Loan EMIs likely to reduce

February 8, 2019February 8, 2019 - by Birendra

Six-member monetary policy committee (MPC) headed by RBI Governor lowered the repo rate by 25 basis points to 6.25 per cent, repo or repurchase rate is where RBI lends money …

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Economy

Cabinet clears amendments to Banning of Unregulated Deposit

February 7, 2019February 7, 2019 - by Birendra

The Banning of Unregulated Deposit Schemes Bill 2018 was introduced in Parliament on July 18, 2018 which bans unregulated deposit scheme not registered with the government. The bill will effectively …

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Economy

No unemployment data post-demonetization: Labour Minister

February 6, 2019February 6, 2019 - by Birendra

Amidst allegations of delaying the release of NSSO report on employment, the Central government has reported to the Parliament that there is no data available on unemployment post-demonetization. Labour Bureaus’ …

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Economy

Spending on Government subsidy on rise

February 6, 2019February 6, 2019 - by Birendra

Expenditure on subsidies is expected to be at 9.83% of total expenditure in 2019-20, up from the 9.65% in 2018-19. Spending on subsidy has been falling consistently from 18.2% in …

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Economy

World Economic Situation and Prospects 2019 Report and its findings

February 6, 2019February 6, 2019 - by Birendra

World Economic Situation and Prospects 2019 Report produced annually by the UN Department of Economic and Social Affairs (DESA), the UN Conference on Trade and Development (UNCTAD) and the five …

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Economy

The very idea of an ‘angel tax’ on start-ups must be reconsidered

February 6, 2019February 6, 2019 - by Birendra

Centre has set up a five-member working committee to look into revising the norms of the angel tax imposed on start-ups. Angel tax is a term used to refer to …

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