Budget

The Confederation of Indian Industry (CII) has shared Pre-Budget Memorandum recommendations focusing on providing impetus to Consumption and Investment with Ajay Bhushan Pandey, Finance Ministry’s Revenue Secretary.

The Government has slashed corporate tax rates to 22% for domestic companies and 15% for new domestic manufacturing companies.

The Finance Minister plans to announce two more tranches of economic growth support measures over the next fortnight, along with accommodative monetary policy, said DBS Group Research in its report on 26 August 2019.

60-day GST refund to help MSMEs   The roll back of the higher tax on foreign investors and the release of funds to recapitalise public sector banks will go a long-way in easing liquidity and further giving a much needed...

In a major boost to the slowing economy that comes literally in the nick of time, the Finance Minister Nirmala Sitharaman has hit a sixer with a slew of announcements for the banking and financial sector including NBFCs, HFCs and...

In a bid to check with weakening economic growth, Finance Minister Nirmala Sitharaman announced on 23 Aug 2019 withdrawal of enhanced surcharge on Foreign Portfolio Investments (FPIs), Goods and Services Tax (GST), Non-Banking Finance Companies (NBFCs), Automobile and property sectors.

The Government has taken measure to reduce the cost of the capital raised by companies through issue of debentures which is expected to significantly deepen the Bond Market.

The post-Budget rally in the Indian bonds has lost steam, said Singapore-based DBS Group Research in its daily market report on 23 July 2019.

The Indian airline industry has renewed a call to include aviation turbine fuel in the Goods and Services Tax (GST), pointing out the urgent need to correct the high 35% tax.

Envoy highlights investment opportunities   High Commissioner Jawed Ashraf (file picture).   India is set to deepen the corporate bond market for the infrastructure sector as well as monetizing and securitising infrastructure assets, Jawed Ashraf, India’s High Commissioner to Singapore,...