Will try to lift more banks from PCA
1.The government said they will try to help lift the restrictions on other public sector banks too after the Reserve Bank of India (RBI) lifted restrictions under prompt corrective action …
Read MoreEconomy
Startups to be listed for Angel tax exemption
1.The government on Friday agreed to compile a list of startups eligible for angel tax exemption, based on their audited financial statements and income tax returns of the previous year.2.The …
Read MoreStartups to be listed for angel tax exemption
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 …
Read MoreTaxpayers, MPs, MLAs can’t avail farm income support
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 …
Read MoreOnly 50% of PAN linked to Aadhaar
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 …
Read MoreGovernment proposed no modification in February 12 circular of the RBI.
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 …
Read MoreRBI cuts repo rate by 25 bps:Loan EMIs likely to reduce
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 …
Read MoreCabinet clears amendments to Banning of Unregulated Deposit
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 …
Read MoreNo unemployment data post-demonetization: Labour Minister
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’ …
Read MoreSpending on Government subsidy on rise
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 …
Read More