Search Results for: fiscal deficit

Nirmala Sitharaman slashes corporate tax rates in big boost to flagging economy

Nirmala Sitharaman said the new effective tax rate will be reduced from 30 percent to 25.17 percent, inclusive of all surcharges and cess.

Sep 20, 2019

Nirmala Sitharaman and Kiran Mazumdar Shaw get into spat on Twitter over e-cigarette ban

Biocon chief Kiran Mazumdar Shaw wondered why the ban on e-cigarettes was made by the Union Cabinet and not by the Health Minister.

Sep 19, 2019

India to invite bids from global coal miners; will end Coal India monopoly by 2020

The government aims to allow companies with winning bids to begin development of the coal blocks - which hold proven reserves - by early 2020.

Sep 19, 2019

GST panel unlikely to favour tax rate cut for auto sector: Sources

A government study, attached to the agenda of a Sept 20 GST panel meeting, has said the total annual revenue loss could be as much as 500 billion rupees, if the panel decided to lower tax rates for the auto sector to 18% from 28%.

Sep 17, 2019

Why do Houthi strikes in Saudi Arabia make Nirmala Sitharaman sweat?

If oil becomes more expensive, the current economic downturn can snowball into a full-blown crisis. India has little headroom to cushion the inflationary impact as Trump has turned off cheaper Iranian oil supplies

Sep 16, 2019

For FM Nirmala Sitharaman, economic revival has already started

According to Sitharaman, "there is robust FDI inflows and record forex reserves. The fiscal deficit is improving and current account deficit is contained."

Sep 15, 2019

Why nobody wants to run Gurugram Rapid Metro?

Speculation remains rife whether HUDA will run the enterprise, as the current concessionaire Rapid Metro Rail Gurgaon Ltd (RMGL) has expressed its inability to run it any further.

Sep 14, 2019

Govt holding in select blue chip companies to fall below 51% under new divestment drive

The minimum government holding required for an entity to qualify as a central public sector enterprise (CPSE) is 51 per cent.

Sep 12, 2019

Modi govt's challenge now is to turn nationalism into an economic force

The economy was taken for granted in the last few quarters and the country was battered by many issues like non-performing assets, demonetization, implementation of GST and the recent NBFC crisis.

Sep 11, 2019

FM Nirmala Sitharaman thinks millennials are killing the auto sector; Twitter begs to differ

The finance minister said that the auto industry has been adversely affected because millennials do not want to commit to EMIs for buying new cars.

Sep 11, 2019

No more Vande Bharat coaches to be manufactured this fiscal due to high energy consumption

Indian Railways' plan to manufacture 40 additional trains by March 2022 remains on track.

Sep 10, 2019

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Paytm parent One97's loss widens to Rs 3,960 crore amid tough competition

The losses have mounted despite transactions through Paytm rising significantly since the demonetisation.

Sep 10, 2019

Belly dancers roped in to woo investors at Pakistan's investment conference

Some Pakistani local media sites and twitterati called it the 'Naya Pakistan way', while some others compared the belly dancing to Pakistan exporting donkeys to China.

Sep 9, 2019

Centre sets up task force to identify infrastructure to be included in ₹100 trillion plan

The task force will be headed by the finance ministry's economic affairs secretary and will draw officials from government's policy think tank NITI aayog and other senior officials.

Sep 7, 2019

What is driving Mukesh Ambani's pivot away from oil to lifestyle retail?

A recent $15-billion deal with Saudi Aramco has helped the world's largest refiner Reliance Industries deleverage the balance sheet and cut debt while freeing up resources to power diversification away from core petrochemical sector.

Sep 6, 2019

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