[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 »Covid-19: what you need to know today
[ad_1] Finance Minister Nirmala Sitharaman announced the first part of the economic package that India has been waiting for since the end of March, when a blockade was imposed to combat the rapid spread of the Covid-19 pandemic. While some economic activity has resumed in the country, especially since May …
Read More »How many zeros in 20 Lakh Crore? Netizens turn to Google after FM address
[ad_1] File photo of Union Minister Nirmala Sitharaman. Sitharaman announced a series of measures on income tax, real estate and the contribution of the EPF under the Rs 20 lakh crore economic package of the Center to alleviate the losses suffered due to the blockade. News18.com Last update: May 13, …
Read More »Narendra Modi’s Rare 20 lakh crore stimulus combines cunning geoeconomics with Swadeshi-coated reinforcement, but may not be a panacea for job growth
[ad_1] “Look at London, talk to Tokyo” is an expression that is sometimes used to describe a wink or a squint. But this could literally be a fitting metaphor for Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus announced to revive India’s economy affected by the COVID-19 pandemic. Behind Modi’s obvious …
Read More »In the midst of a pandemic, the government offers credit to MSMEs, capital support
[ad_1] NEW DELHI : Finance Minister Nirmala Sitharaman on Wednesday offered struggling small businesses, the country’s top job creator, a bailout package that includes credit guarantees, capital support and a better chance of winning government contracts as part of ₹20 trillion package to revive the economy. Sitharaman sought to address …
Read More »Sitharaman begins the restart of the economy with liquidity boosters for small businesses, fiscal relaxations
[ad_1] Finance Minister Nirmala Sitharaman (Image: Amlan Paliwal) The announcements, described by Sitharaman as the first in a series of tranches to be presented in the coming days, are part of the Rs 20 crore fiscal and monetary package of Rs 20 announced by Prime Minister Modi on Tuesday to …
Read More »Booster Shot for MSMEs, income taxpayers get new refund deadline and TDS, TCS rate reductions
[ad_1] For the MSME sector, the minister detailed six measures, including the new definition of the sector. Consequently, the investment limit to define MSMEs has been revised upwards. In addition, he stressed that additional criteria such as rotation have been considered to define MSMEs. The Center has also decided not …
Read More »Five announcements on EPF and income tax made by FM Nirmala Sitharaman today
[ad_1] Keeping in view PM Modi’s vision of a “self-reliant India”, FM Nirmala Sitharaman announced a slew of personal finance measures to boost demand in the country, which is ravaged by the pandemic. Here are the five announcements made by her: 1) Due date for all income tax returns has …
Read More »Nirmala Sitharaman on measures taken for EPF, TDS rate for non-salaried, tax and real estate sectors
[ad_1] After announcing measures to MSMEs, Finance Minister Nirmala Sitharaman on Wednesday he turned his attention to EPFs, TDS and taxation-relationship issues. The Finance Minister also sought to clarify the environment around the Prime Minister’s call for self-sufficiency, saying that does not mean that India will look only inward and …
Read More »25% TDS cut to benefit individuals
[ad_1] MUMBAI : The government’s move to reduce the rates of tax deduction at source (TDS) and tax collection at source (TCS) by 25% is set to benefit investors and professionals. While this doesn’t bring down the tax liability of taxpayers, it leaves more money in their hands during the …
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