[ad_1] NEW DELHI: Two health advocacy groups have written to the Indian government asking it to terminate patents granted to Gilead Sciences for drug remdesivir so that it can be more fairly distributed to coronavirus patients worldwide, particularly in the poorer nations. Drug patents in India are an important issue …
Read More »Housing Subsidy Plan for Middle-Income Families Extended to March 2021
[ad_1] Representative image NEW DELHI: Minister of Finance Nirmala Sitharman on Thursday announced an increase of Rs 70,000 crore to accommodation sector by expanding the affordable housing subsidy scheme for the middle-income group. The credit-linked subsidy scheme for the middle-income group with an annual income of Rs 6 lakh to …
Read More »Chidambaram raises doubts about the use of Rs 1 billion rupees allocated by PM-CARES for migrant workers
[ad_1] NEW DELHI: Leader of Congress and former finance minister of Union P Chidambaram On Thursday, he said that the one billion rupees allocated by the PM-CARES Fund to help migrant workers affected by the blockade across the country will not reach them. “PM-CARES has allocated Rs 1 billion to …
Read More »India stimulus package: government tries to ease cash crisis and help small businesses restart | India Business News
[ad_1] NEW DELHI: One day after Prime Minister Narendra Modi announced a stimulus of Rs 20 lakh crore, the government released on Wednesday more than Rs 5.5 lakh crore package as the first installment of the “atmanirbhar (self-sufficient) campaign” with a focus on MSMEs (micro, small and medium enterprises), seen …
Read More »Tax on dividend, rent, insurance payment cut by 25%
[ad_1] NEW DELHI: Tax deducted on payment of dividend, insurance policy, rent, professional fee and on the acquisition of immovable property has been cut by 25 per cent for a period up to March 31, the tax department has said. Following finance minister Nirmala Sitharaman‘s announcement of a reduction in …
Read More »Nirmala Sitharaman will announce the next set of measures today at 4 p.m.
[ad_1] NEW DELHI: Union Finance Minister Nirmala Sitharaman It will announce the second tranche of measures in the government’s Rs 20 lakh crore economic package at a press conference at 4 pm Thursday. Information on the press conference was given through a tweet by the finance ministry earlier that day. …
Read More »Vijay Mallya asks govt to accept loan repayment offer, close case against him
[ad_1] NEW DELHI: Embattled liquor baron Vijay Mallya, who is fighting against his extradition to India, on Thursday asked the government to accept his offer to repay 100 per cent of his loan dues and close case against him. While congratulating the Indian government over the Rs 20 lakh crore …
Read More »ITR Due Date Extended: Deadline to file ITRs extended till November 30; 25% cut in TDS / TCS rate for non-salary payments | India Business News
[ad_1] ANI photo NEW DELHI: In a relief to taxpayers, the government on Wednesday extended the deadline for filing of all income tax returns for 2019-20 fiscal till November 30, 2020. Announcing a slew of relief measures for the coronavirus-hit economy, Finance Minister Nirmala Sitharaman also slashed TDS (tax deducted …
Read More »Nirmala Sitharaman relies on banks and institutions to finance the package
[ad_1] Finance Minister Nirmala Sitharaman (file photo) NEW DELHI: the first package in the Atmanirbhar Bharat Abhiyan presented by FM Nirmala Sitharaman On Wednesday it seems to have leaned more on banks and public sector institutions (PSB), and the budget outflow seems to be minimal. While the Rs 3-lakh-crore auto …
Read More »Expiration date of extended ITR: filing date of extended ITR, reduced EPF contribution | India Business News
[ad_1] NEW DELHI: In great relief to taxpayers, Finance Minister Nirmala Sitharaman announced key reforms to the tax structure on Wednesday. The measures, announced as part of the government’s Rs 20 lakh crore economic stimulus package, aim to increase available cash and ease liquidity pressure facing people due to the …
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