Category: Economy
budget 2023: Budget: Balancing growth priorities with fiscal consolidation
The Union budget announced against the backdrop of multiple global challenges, even as India is well positioned, comes across as balanced and progressive; it accords…
EPF withdrawals will be less taxing now. All about the big budget announcement
Withdrawals from an EPF account before the completion of five years will now be less taxing. Finance Minister Nirmala Sitharaman, in the Union Budget, has…
US emerges as India’s top destination for goods exports during April-Dec 2022
New Delhi: The US has emerged as India’s top destination for merchandise exports during April-December this fiscal at USD 59.7 billion, Parliament was informed on…
Fishmeal duty cut to help revive shrimp exports to US, other countries
Indian shrimp exporters will become competitive, particularly in their largest market the US, as the decision to cut import duty on fish meal and other…
Foreign portfolio investors in India to pay higher tax on debt securities, official says
Foreign portfolio investors will lose a preferential tax rate on interest from Indian government securities and corporate and foreign currency bonds, a senior tax official…
Tax on high premium policies won’t impact insurance penetration, says FM Sitharaman
The budget proposal to scrap tax benefits for income from high value insurance policies will not impact depeening of insurance penetration because it will plug…
India’s new income tax regime brought in to simplify country’s direct tax system, FM Sitharaman says
India’s exemption-less tax regime, which is expected to see half of taxpayers migrating to, has been brought in to simplify the direct tax system in…
india privatisation: Dent in India’s aggressive privatisation plans is not unsettling New Delhi’s ambition
Many were confused, if not surprised, by the end of Finance Minister Nirmala Sitharaman’s Budget speech earlier this week after there was no mention of…
Budget 2023: View: Budget 2023 to allow consent based use of GST data, to unleash benefits for taxpayers
Given that the structure of GST decision making is federal, the budget changes are mostly procedural with respect to the GST. Therefore, the presentation of…
Budget 2023: Swimming against the current
The Finance Minister presented the pre-election budget in the backdrop of recessionary global headwinds, serious concerns of inflation and supply chain constraints emanated from geo-political…