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Why fiscal deficit should be the least of worries for govt

Analysts say it's time to loosen strings & let fiscal deficit cross targetted 3.3% until economy is back on feet.

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Nov 18, 2019, 06.53 PM IST

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Beat the flu: Ketogenic diet may improve body's ability to fight virus

Keto diet, containing high fat and low carbohydrates, activates a subset of the immune system's T cells in the lungs.

Tax optimiser: Salaried Kumar can save over Rs 68,000 in tax via NPS, perks

Not only should you ask your employer for the NPS benefit, but yo...

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  • The amendment comes after industry sought clarity on whether software development could be treated as manufacturing and be eligible for the reduced tax rate. On September 20, FM Sitharaman slashed the corporate tax rate to 22% for companies that do not seek exemptions or incentives, and to 15% — from the current 25% — for new manufacturing companies.

    The public face of its lobbying effort, which included a tax proposal of its own, was FedEx’s founder and chief executive, Frederick Smith, who repeatedly took to the airwaves to champion the power of tax cuts. “If you make the United States a better place to invest, there is no question in my mind that we would see a renaissance of capital investment,”.

    Finance minister said the verdict had reinforced the credibility of the insolvency code.

    According to the Act, the distribution of taxes suggested by the 15th Finance Commission to the state of Jammu and Kashmir will have to be apportioned to the Union Territories of J&K and Ladakh. The award made by the Fourteenth Finance Commission to the existing state of Jammu and Kashmir will be apportioned between the successor Union territories of J&K and Ladakh.

    The human body's ability to generate energy by burning the belly fat reduces with age.

    India first filed its complaint at the WTO in 2012, after Washington imposed duties of nearly 300 per cent on imports of products including carbon-quality steel pipes, after complaining that Indian steel manufacturers were benefitting from unfair subsidies.

    People living in colonies in C, D and E categories may end up paying more property tax if the budget proposed by SDMC commissioner is implemented. To cover up deficit and increase revenue, it has been proposed to increase the tax from 11% to 12%.

    The fiscal deficit rose by 9.6 per cent to Rs 6.5 lakh crore in the April to September period (H1 FY20) from Rs 5.9 lakh crore in H1 FY19. This was equivalent to 92.6 per cent of the revised budget estimate for FY20, largely similar to the situation in H1 FY19 (92.2 per cent of the FY19 provisional accounts).

    IT said they had conducted search action in Mumbai and Surat on November 6 on entry providers and beneficiaries who have been engaged in execution of civil contracts mainly BMC.

    Signature Global is mainly into development of affordable housing and has launched 12 such projects, comprising over 11,000 units, so far, under the Haryana Affordable Housing Policy. Two projects having 1,800 units have been handed over to buyers. The company has started two new projects 'Aspire' and ' Prime', which have in total about 1,450 units.

    The tax department has started questioning top companies and banks if they were passing on some of the common costs like salaries of chief e...

    It has proposed providing work orders and pilot projects from the government, ranking of ministries and central public sector undertakings for their increased engagement with startups, and organising a global startup event in the country.

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