Tax department going after CXO pay cheques
The tax department has started questioning top companies and banks if they were passing on some of...
CBDT mops up Rs 6 lakh cr in direct tax collection so far
"During the beginning of the year, we were given the tax collection (target) of Rs ...
PM Modi meets Chinese President Xi Jinping in Brazil; discusses trade and investment issues
During the meeting held on the margins of the 11t...
Co-op banks’ body proposes Rs 5 lakh cover for deposits, risk-based premium
In a letter to FM Nirmala Sitharaman, representatives of Sahakar Bharati, which is associated with more than 20,000 co-operatives across India, have suggested raising the deposit insurance limit for individual account holders to Rs 5 lakh from Rs 1 lakh while that for institutional customers to Rs 25 lakh.
Indian economy currently facing challenges, says Sitharaman
India's economic growth slumped to an over six-year low of 5% in the first quarter ended June this fiscal due to slower consumer demand and private investment amid deteriorating global environment. This has prompted many global agencies to cut India's GDP growth for 2019-20. The RBI too has cut sharply its economic growth projection.
Govt to seek NABARD's help for procuring farm produce in J&K: Nirmala Sitharaman
"Now I'm ensuring that I will take the chairman of NABARD to J&K even if it's winter now because I want ... the next crop of saffron, peaches and walnuts and other agri produce of J&K to get that kind of support which through NABARD the central government can extend to Jammu and Kashmir," said Finance Minister Nirmala Sitharaman.
Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties
While the ministry holds pre-budget consultations with representatives of different sectors and stakeholders, the Department of Revenue in the finance ministry perhaps for the first time put out circular seeking suggestions for changes in income tax rates for both individuals and corporates as well as in indirect taxes such as excise and customs duty.
States should dismantle APMCs, adopt eNAM for farmers' benefit: Nirmala Sitharaman
e-NAM is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
Government to ensure farmers get right price with the formation of producer organisations
The finance minister urged states to dismantle Agriculture Produce Marketing Committees (APMC) and switch to National Agriculture Market (eNAM), which is a pan-India electronic trading portal that networks the existing APMC mandis to create a unified national market for agricultural commodities.
Have a house in a stalled project? Here's all you need to know about Nirmala Sitharaman's realty fund
Last week, FM Nirmala Sitharaman had a bunch of relief-laden announcements to make for the stressed real estate sector. The cabinet approved...
Three months after govt’s guarantee scheme, NBFCs still awaiting funds
Lack of clarity on whether to treat the transactions between the banks and NBFCs as ‘securitisation’ deals or as ‘pass-through certificates’ (PTC) is also impeding any movement, given that these have accounting implications. While ‘securitisation’ allows the entire profit to be booked upfront, in a PTC the profits must be booked over the tenor of the loan.
View: All NBFCs shouldn't be painted with the same brush
Many unbanked borrowers avail credit from NBFCs & later use their track record to become bankable.
Sabka Vishwas Scheme gaining traction; over Rs 5,000 cr dues declared so far
Finance Minister Nirmala Sitharaman had unveiled the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 with the objective of settling pending disputes of Service Tax and Central Excise in the budget. A mid-term review reveals that a total amount of Rs 5,472 crore inclusive of pre-deposit amount of Rs 4,225 crore has already been declared under the scheme.
Edelweiss set to close last-mile realty financing fund with S korea’s meritz
Edelweiss has partnered South Korea’s Meritz Financial group to launch the first fund of $425 million.
Market Movers: What changed for D-Street while you were sleeping
The NSE barometer has fallen below its five-day exponential moving average and analysts said the reclaiming of 11,946 level will be initial step to recovery.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service