Budget Briefs:Taxation
Corporate Tax: The lower rate of 25 % Corporate Tax will be extended to all companies with annual turnover up to Rs. 400 crore.Currently,this rate is only applicable to companies …
Read MoreBudget Briefs: Growth capital for public sector banks
Finance Minister in the Budget 2019 speech has announced that the public sector banks(PSBs) will be provided with a capital infusion of Rs 70,000 crore. This bank recapitalisation is aimed …
Read MoreBudget Briefs: A shot in the arm for struggling MSMEs
Presenting the Budget 2019-20,the finance minister has unveiled a slew of initiatives and new provisions to tackle issues related to the Micro, Small and Medium Enterprises(MSME) sector in the country. …
Read MoreBudget Briefs: Fiscal deficit target revised downwards to 3.3%
Finance Minister has announced the fiscal deficit target for 2019-20 at 3.3% of GDP from 3.4% set in the Interim Budget presented on February 1, 2019. Fiscal deficit is the …
Read MoreBudget Briefs:Policy Measures to promote Growth and Employment Generation in Indian Economy
The Tax Policy Measures in the direction of Growth and Employment generation are: Profit-linked deduction was introduced for start-ups. The scope of investment-linked deduction was broadened by including certain new …
Read MoreBudget Briefs: Tax break to rev up electric vehicle sales
The Government has proposed a slew of measures to boost electric vehicles(EVs). The government has already moved to the Goods and Services tax (GST) council to lower the GST rate …
Read MoreBudget Briefs:India to move towards harnessing its space capability commercially,New Space India Limited (NSIL) incorporated towards this end
Finance minister has said that New Space India Limited (NSIL) has been incorporated as a new commercial arm of the Department of Space. The Company will spearhead commercialization of various …
Read MoreBudget Briefs:Government to encourage and facilitate role of women in India’s growth story
The government has proposed to expand the women self help groups (SHGs) interest subvention programme to all districts. The minister has proposed that for every verified women Self Help Group …
Read MoreBudget Briefs:Government to bring greater ease of living through technology
Finance minister has said that the government aims to bring greater ease of living in the lives of its citizens. This can be achieved through the use of technology as …
Read MoreBudget Briefs:Government proposes measures to deepen Corporate Debt markets
Finance minister has said that the government will work with the Reserve Bank of India(RBI) and Securities and Exchange Board of India(SEBI) to deepen the corporate debt market with a …
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