UNION BUDGET 2019 20
Centre releases Rs 553 cr to states to promote mechanization in agriculture sector
The Sub-Mission on Agricultural Mechanization (SMAM) was launched in April 2014 with an aim to have inclusive growth of farm mechanization to boost productivity.
Sale of used cars in top gear in India amid coronavirus pandemic
Pandemic is only the latest blow; the headwinds have been gathering for th...
View: Make every day a payday to bolster finances and reduce stress
There is a need to transfer cash to the individual to perk up the demand ...
1.78 lakh smartphones to be given to class 12 students by November: Punjab Cabinet
The phones will be equipped with various smart features such as touch screen, camera and pre-loaded government applications like 'e-Sewa App' with e-content related to class 11 and class 12, as approved by the department of school education.
States should not be made to bear the burden of borrowing: Punjab FM Manpreet Badal
“States should not be made to bear the burden of borrowing, which in any case is likely to be higher than the rate at which the central government will be able to borrow,” Badal said in the letter dated July 3, a copy of which was seen by ET.
Compute tax demand for all assessees by August 31, dispose of pending appeals: CBDT chief to taxmen
The Central Board of Direct Taxes (CBDT) chief also set a monthly target of disposing of pending appeals by sending communication through the e-filing portal and or through emails only.
Telecom department forecasts 70 per cent shortfall in revenues from communications
Govt won’t get payments from spectrum auctioned earlier because stressed telcos were granted a two-year moratorium to ease strain on cash flow.
MCE industry is likely to see a contraction in demand leading to a volume drop of 20% in 2020
"During Q1 CY2020, the industry reported over 23% volume decline, with volumes in March’20 falling by ~50%," ratings agency ICRA said in its latest research report on the sector.
TDS levy on cash withdrawal of over Rs 20 lakh from bank account if you haven't done this
As per the amended law, if an individual withdraws cash exceeding Rs 20 lakh in an FY from his/her bank account and has not filed ITR during the last three financial years then TDS will be leviable at the rate of 2 per cent on the amount of cash withdrawn.
Fiscal deficit widens to 4.6% of GDP in 2019-20
As per CGA data, the FY20 fiscal deficit worked out to be 4.59% of the GDP, while the revenue deficit was 3.27%.
Defence Budget: Pakistan's misplaced priorities
A closer look at the budget details revealed that Rs 1,289 billion figure does not include Pakistani Rs 369 billion allocated for pensions of retired military personnel and Pakistani Rs 324 billion for the armed forces development programme.
Huge potential between India & the EU to take economic partnership to next level: Germany's Envoy
At the July 15 India-EU summit the two sides decided to work towards balanced, ambitious and mutually-beneficial trade and investment agreements.
SGX Nifty up 40 points; here's what changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 38 points, or 0.34 per cent higher at 11,139, in signs that Dalal Street was headed for a positive start on Friday.
State refiners spent more than they had planned in 2019-20
ONGC, a heavy spender traditionally, invested Rs 30,100 crore, the highest last year. Indian Oil Corp followed with Rs 28,300 crore. However, in terms of achieving the annual capex target, HPCL topped the table with a spending of Rs 13,800 crore, or 145% of its annual target.
Andhra Pradesh government presents Rs 2.24 lakh crore budget for FY 2020-21
The 1.4 per cent decrease in the budget estimates was on account of major economic slowdown during the COVID-19 pandemic, the Finance Minister said. The state's debt burden increased to Rs 3.02 lakh crore at the end of March 2020,up from Rs 2.59 lakh crore a year ago.