Budget: Govt may tweak customs duties on host of goods

The government may tweak customs duties in the Budget next week on several goods, including furniture raw materials, copper scrap, certain chemicals, telecom equipment and rubber products, to promote domestic manufacturing and exports, sources said. Continue Reading

India within striking distance of attaining positive growth: RBI

India’s GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter ‘V’ in the V-shaped recovery stands for vaccine. Continue Reading

PSU asset monetisation likely to get fillip in Budget

Government’s asset monetisation programme involving development and sale of surplus land parcel and other non-core assets of central public sector enterprises (PSEs) is expected to be a big focus of Budget 2021-22 that is constrained to look at various innovative models to mobilise additional resources amidst a Covid-hit economy. Continue Reading

Professionals urge FM to extend ITRs, tax audit

Direct tax professionals have sought extension for tax audit report, income tax returns for audit cases and time limit for AGMs in the wake of the ongoing pandemic scenario. Continue Reading

Pre-Budget meetings wrapped up by Finance Minister

Finance Minister Nirmala Sitharaman on Wednesday concluded pre-budget consultation meetings for budget 2021-22 held in virtual mode. Continue Reading

Finance Minister reviews major macroeconomic developments

Union Finance Minister Nirmala Sitharaman on Tuesday reviewed the major macroeconomic developments and Financial Stability issues (global and domestic) with special reference to vulnerability related issues, chairing the 23rd Meeting of the Financial Stability and Development Council (FSDC) through video conference, said an official statement. Continue Reading

Finance Ministry reviews implementation of ANBP with secretaries

Banks have sanctioned additional credit amounting to Rs 2,05,563 crore to 80,93,491 borrowers under the Emergency Credit Line Guarantee Scheme (ECLGS). Continue Reading

Nirmala Sitharaman, Kiran Shaw among Forbes’s most powerful women

Finance Minister Nirmala Sitharaman, US Vice President-elect Kamala Harris, Biocon Founder Kiran Mazumdar-Shaw and HCL Enterprise CEO Roshni Nadar Malhotra have been named among the world’s 100 most powerful women by Forbes, a list topped by German Chancellor Angela Merkel for the 10th year in a row. Continue Reading

Farm reforms not done in a jiffy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Friday said the farm reform legislations were brought in after elaborate stakeholder consultations and a lot of homework, and will benefit farmers. Continue Reading