Aanchal Magazine

Articles By Aanchal Magazine

Centre readies list of land assets for disinvestment

The government has a list of 29 companies that will be put up for strategic sales to private companies.

DIPAM secretary Atanu Chakraborty: ‘Will keep putting products for sale on the conveyor belt’

Chakraborty said that the Budget proposal to increase public shareholding from 25 per cent to 35 per cent will allow more capital flows, which will help fill the savings-investment gap.

Tax on super rich is like giving back to society: Revenue Secretary Ajay Bhushan Pandey

With the Indian economy expected to grow only marginally higher this fiscal, the government has set a realistic target for Goods and Services Tax (GST) and anti-evasion measures will be taken to increase the efficiency of revenue collections, Revenue Secretary Ajay Bhushan Pandey said Saturday.

Union Budget 2019: Steep hike in surcharge on income of super-rich

Finance Minister Nirmala Sitharaman said the new surcharge rate will increase effective tax rate by 3 per cent and 7 per cent for those earning between Rs 2 crore and Rs 5 crore, and those earning above Rs 5 crore, respectively.

Union Budget 2019, Black Money Act: NRIs included with retro effect

The change in definition of the assessee is expected to provide power to tax authorities to take action against those who were residents at the time of acquisition of the undisclosed asset and then turned into non-residents.

Private investment key, stick to fiscal glide path: Economic Survey 2019

Suggests sunset clause in incentives for MSMEs, tax-payer friendly policy

PM-KISAN: Discrepancies force stop payment to 2.69 Lakh farmers, disbursal to 1.19 Lakh of them reversed

Out of the total 1,19,743 cases of reversal of transactions recorded for eight states, Uttar Pradesh topped with reversal of 86,314 transactions, followed by Maharashtra with reversal of 32,897 transactions.

Modi II, Budget I: Come July 5, eyes on plan to revive growth

Union Budget 2019 Date, 5 July 2019: Expected to outline the economic trajectory of the new NDA govt, the Budget, come July 5, will be watched as much for any big ideas to kickstart growth as the government’s patchy record on fiscal prudence. The Indian Express does the maths

IL&FS default: EPFO moves to secure risky investments, may stall rate hike

EPFO’s investment in IL&FS is pegged at Rs 574.73 crore, while investments by exempted firms, which manage EPF accounts on their own for their employees, is over and above this amount.

Explained: What does ESI rate cut mean?

Government says reduced contribution rates will bring relief to workers, encourage more to join formal sector, besides making establishments more viable. Unions say employers benefit more, deal was for smaller cut.

Ex-CEA Arvind Subramanian cutting GDP growth 2 pc points: Govt defends its data

Arvind Subramanian, in a recent research paper published at Harvard University that formed the basis of his piece in The Indian Express Tuesday, concluded that the country’s growth has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17.

Monthly GST may have topped Rs 1 lakh crore, but required run rate short by Rs 13,500 crore

The widening gap between the GST revenue and the monthly target will put strain on the government to meet its total budgeted target for the 2019-20 fiscal.

Unemployment trend moves up age brackets, higher in 20-29 age group

The shift in the unemployment pattern is more noticeable for females, especially in rural areas.

Nirmala Sitharaman gets Finance, task cut out: at 5.8%, lowest growth in 20 quarters

This is the lowest growth rate in 20 quarters and puts India behind China after almost two years. The rate was lower than this at 5.3 per cent in the last quarter of UPA II or January-March 2013-14.

Budget priorities, arresting slowdown, reviving financial sector on Finance Minister’s table

Sitharaman would draw upon her experience of serving the previous Narendra Modi government, as a Minister of State for Finance, then Corporate Affairs and later as a Minister of State (Independent charge) for Commerce and Industry.

Modi 2.024, Ministry of Finance: Investment and liquidity concerns as slowdown looms

Here's what to expect from the new Finance Minister, at a time when an economic downturn looms large.

As Arun Jaitley opts out, his imprint on policy reforms may stay the course

As Arun Jaitley underwent a surgery in the US in January for a reported soft tissue cancer in his left leg, the Modi government’s sixth and final budget of its current term was presented by Railway and Coal Minister Piyush Goyal, who was the stand-in finance minister.

Creating fiscal room for big-ticket infra spend, financial sector reforms key priorities

Friday marked the first of the Budget meetings in the Finance Ministry’s Department of Economic Affairs.

Govt clears restructuring of statistical system, proposes NSSO, CSO merger

The order states that the proposed NSO would be headed by Secretary (Statistics and Programme Implementation), but skips any mention of National Statistical Commission (NSC), which has been the overseeing body for all the statistical work done in the country.

On the cards: Consumption, liquidity issues, labour reforms on the table of the new govt

The next phase of reforms roadmap is expected in the backdrop of a cyclical downturn. Gross Domestic Product (GDP) growth figures for January-March, to be released on May 31, are expected to depict a loss of momentum in India’s growth.