Meghna Mittal
Capex intensity of corporates likely to increase after Lok Sabha polls: India Ratings
The companies are likely to speed up their capex plans after the Lok Sabha results come in as they will analyse their growth drivers, assuming the commodity prices will remain controlled, India Ratings said on Monday.“Various companies are evaluating thei...
6 months ago
No changes in new tax regime from April 1: Finance Ministry
No changes are being made to the new tax regime from the financial year 2024-25, which begins April 1, the finance ministry has said, describing as misleading some social media posts that said otherwise.Though the new tax regime is the default one, taxpay...
6 months ago
RBI to undertake study after May to assess India’s potential growth
The Reserve Bank of India (RBI) will undertake a study to assess India’s potential growth and real growth rate after the estimate of national income for 2023-24 is released at the end of May, RBI Governor Shaktikanta Das said on Friday.“We will undertake...
6 months ago
Above-normal monsoon rains likely to ease food prices, says finance ministry
The government expects an easing of the food prices with the India Meteorological Department (IMD) predicting above-normal rainfall this year, which will lead to higher production, the finance ministry has said in a report.“Further easing of food prices i...
5 months ago
Vegetable prices may stay elevated till June on above-normal temperatures: Crisil
Price of vegetables, the most volatile component of food inflation, may be elevated for the next few months due to above-normal temperatures till June, rating company Crisil said.Prices may ease after the monsoon starts in June, as forecast by the India M...
5 months ago
Online gaming: Understanding the tangled web of taxes
The taxability of online gaming services under goods and services tax (GST) has always been tricky, hinged on the distinction of whether they are classified as 'gambling' or 'skill-based' activities. While gambling activities such as betting and casino ga...
5 months ago
FinMin reviews bankruptcy proceedings of Jaiprakash Associates, Arch Pharma Labs, other high-profile cases
The Finance Ministry has reviewed some high-profile cases pending for admission into the National Company Law Tribunal (NCLT). Among the companies discussed was Jaiprakash Associates, which have seen delays in admission under the Insolvency and Bankruptcy...
5 months ago
GST has given a boost to tax buoyancy: FM Sitharaman
The Goods and Services Tax (GST) has improved tax buoyancy, which has increased to 1.22 and thus has also improved the revenue for states despite the end of the five-year compensation period, Finance Minister Nirmala Sitharaman said on May 6.“GST has impr...
5 months ago
Bank of Maharashtra may meet 25% MPS norm in FY25: DFS Secy
The government may look at reducing its stake in the Bank of Maharashtra (BoM) in FY25 to comply with Minimum Public Shareholding (MPS) regulations, while the remaining four public sector banks will not be able to meet the norm in current fiscal, Departme...
2 months ago
Govt asks public insurers to move out of motor, health insurance to reduce losses: DFS Secy
The Union government has asked the public sector insurance companies, who are struggling to improve their solvency ratio and profits, to come out of motor and health insurance segments, which have been identified as significant loss-making areas. This dir...
2 months ago
Salary payments, PF contributions could determine credit line for MSMEs
In a significant move aimed at enhancing the accessibility of credit for MSMEs and individual home loan seekers, public sector banks (PSBs) are on track to finalise a novel credit assessment model based on digital footprints by October.This innovative app...
2 months ago
India’s growth likely to be closer to 7.5% in FY25: NCAER DG Poonam Gupta
Based on the momentum in the high frequency indicators, normalised monsoon, a relatively benign global outlook and receded electoral uncertainty, both in India and in the rest of the world, growth will likely turn out to be higher than 7 percent, and poss...
2 months ago
Sovereign gold bonds will get at least 12% total return: Revenue Secy
The sovereign gold bonds will get at least 12 percent total return, including interest, for the investors despite the Union budget cutting customs duties on gold and silver to 6 percent from 15 percent, Revenue Secretary Sanjay Malhotra said on July 30.“I...
2 months ago
Govt may introduce decriminalisation of delay in TCS filing in Finance Bill: CBDT Chairman
The Union Budget has proposed a number of tax simplification measures, and the Finance Bill is likely to include decriminalisation of delay in filing of Tax Collected at Source (TCS), according to Ravi Agarwal, Chairman, Central Board of Direct Taxes.Any...
2 months ago