20 September was yet another day of surprise for our economy when Finance Minister Nirmala Sitharaman told that the government has cut corporate tax rate for companies that do not avail of any tax incentive to 22 per cent. News Today reached out to Chennai-based chattered accountants and financial experts to hear their opinion. Continue Reading
The council also decided to a withdraw a circular issued in June which prescribed that the additional discount given by a company to a dealer in certain cases will be liable for Goods and Services Tax (GST). Continue Reading
The BSE Sensex advanced over 1,300 points to a high of 37,421.70. Led by the spike in equities, the market capitalisation of BSE-listed companies climbed Rs 2,11,086.42 crore to Rs 1,40,79,839.48 crore. Continue Reading
Finance Minister Nirmala Sitharaman on Saturday announced an over Rs 70,000 crore package for the exports and real estate sectors, including setting up of a stressed asset fund, as the government continued with firefighting measures to pull the economy out of a six-year low growth rate. Continue Reading
The task force set up by the government to boost investments in infrastructure projects is in the process of identifying sectors requiring funding from the Centre, Finance Minister Nirmala Sitharaman said here on Tuesday, while stressing the need to speed up spending. Continue Reading
Morale boosting messages poured in from various quarters for ISRO as several leaders asked the space agency not to get disheartened after Chandrayaan-2’s Vikram lander lost contact with ground stations minutes before its planned touchdown on the lunar surface. Continue Reading
Finance Minister Nirmala Sitharaman allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation. Continue Reading
Punjab National Bank (PNB) on Saturday said its board of directors will meet on September 5 to consider the lender’s merger with Oriental Bank of Commerce and United Bank of India. Continue Reading
Union Finance Minister Nirmala Sitharaman has made a major announcement on State-owned banks, that will see 10 of them being merged to form four bigger lenders to strengthen a sector struggling with a bad-loan cleanup. Continue Reading
A series of measures was announced by the Finance Ministry that includes rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption of start-ups from ‘angel tax’, a package to address distress in the auto sector and upfront infusion of Rs 70,000 crore to public sector banks, in efforts to boost economic growth from a five-year low. Continue Reading