15th Finance Commission to incentivise states for adopting agricultural reforms
The commission, on Thursday, submitted its report for financial year 2020-21 to the President for further necessary action. The recommendations will be effective from next financial year.
Payment banks can convert into small finance banks after 5 years
A minimum Rs 200 crore net worth is needed for the license of small finance ...
Modi put a Finance Minister who has no idea about economics: Rahul Gandhi
Congress leader Rahul Gandhi on December 05 lambasted at Finance Mi...
FM Nirmala Sitharaman’s onion faux pas: Here’s what she said in Parliament
Speaking in Lok Sabha, the Finance Minister yesterday said that she doesn't eat much of onion or garlic and hails from a family where these ...
Hear Bajaj Finance plea: SAT to Sebi
Bajaj Finance’s petition before SAT on Monday had called on Sebi to hear its concerns.
Social obligation costs should be excluded from Operating Ratio to reflect true picture of Railways' finances: Piyush Goyal
The Indian Railways recorded its worst operating ratio in 10 years in 2017-18 at 98.44 per cent, the Comptroller and Auditor General (CAG) said in a report tabled in Parliament on Monday.
Bajaj Finance challenges SEBI decision on Karvy
Mumbai: Bajaj Finance moved the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India’s order barring Karvy...
View: It's time for a fair distribution of GST proceeds between Centre and states
A lion’s share of GST goes to states. Actual transfers of the Centre’s gross tax collections are about 36%.
DHFL insolvency process starts, investors' claims sought
The move comes ahead of the Supreme Court hears a group of investors who have moved it on the matter, and barely three days after the National Company Law Tribunal's Mumbai bench admitted the RBI's application for initiating insolvency proceedings against the cash-strapped firm, and permitted it to go ahead in the matter.
Parliament okays corporate tax cut; FM says software developers, miners not eligible for lower rates
Replying to a debate on the legislation, Sitharaman said a negative list of activities that do not constitute manufacturing has been created and will not be eligible for the lower 15 per cent tax rate for manufacturing firms that are set up after October 1 and that begin operations by 2023.
IFC to invest USD 200 million in Mahindra Finance
"IFC (International Finance Corporation) has invested USD 75 million from its own account and is mobilising another USD 125 million as parallel loans," it said.
Will consider suggestions for personal I-T cut: Finance minister Nirmala Sitharaman
Her comments on personal income tax rates came in response to a question from TMC member Saugata Roy during a discussion in Lok Sabha where she was piloting the bill to amend corporate tax rates. She said she valued everybody who earned their living, paid their tax and took care of their family and business. “So, personal income tax will be considered for its merit.
Buzzing stocks: Vodafone Idea, YES Bank, Bajaj Finance, Dish TV
The NSE Nifty index was trading 12.60 points down at 12,035.60.
Tax rate cut aimed at attracting investments: Finance Minister
Nirmala Sitharaman said the move will help attract investment from multinationals looking to shift operations from China in view of its trade war with the US. The finance minister also ruled out lowering tax rate for limited liability partnerships or partnership firms, saying their structure was different from a corporate vehicle.
Ujjivan’s microfinance AUM continues to grow, there’s no slowdown in demand: Nitin Chugh
The core business of microfinance is reasonably insular to all kinds of cycles.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service