Aanchal Magazine

Articles By Aanchal Magazine

Big-bang India Inc.entive: Historic step, will attract global pvt investment, says PM

The government further announced a rollback back of the higher surcharge on capital gains on sale of equity shares announced in this Budget for individuals, HUFs, Association of Persons (trusts).

GST rates on hotel tariff cut, pay more now for caffeinated beverages

These measures, estimated to result in a revenue loss of around Rs 1,500 crore a year, are expected to give a boost to the tourism and hospitality sectors ahead of the festive season. The decisions were taken at the Council’s 37th meeting.

Lower taxes likely to revive investment, but govt may find managing fiscal deficit tougher

When asked about the impact of the measures on the fiscal deficit, Finance Minister Nirmala Sitharaman said the government is conscious of the impact and expects the economic buoyancy resulting from these changes to generate significant resources.

Corporate tax rate slashed for domestic companies: FM Nirmala Sitharaman

"Tax concessions will bring investments in Make in India, boost employment and economic activity, leading to more revenue," said Finance Minister Nirmala Sitharaman.

Slowdown: Direct tax collections now a crawl, shrink Govt’s space to cut GST

Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore — against year’s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government’s fiscal math

Women get more Mudra jobs than men — but only in smallest loan group

Over 90% of these jobs come on account of Shishu loans which has the smallest ticket size of up to Rs 50,000, according to the Draft Report of Mudra Survey reviewed by The Indian Express.

Maharashtra gets just 4% of all Mudra loans but generates most new jobs

Maharashtra does not rank among the top five states in terms of loans disbursed. It could garner just 4% share in the total loans but generated the maximum additional jobs of 15%.

Just 1 in 5 Mudra beneficiaries started new business, half of extra jobs were self-employment: Govt survey

The Mudra Yojana was launched in April 2015 to provide funding to the non-corporate small business sector through various financial institutions like banks, NBFCs and Micro Finance Institutions (MFIs).

GDP growth slides to 5%, slowest in six years; Govt says more boosters coming

Data showed that the growth has slowed down in five out of eight sectors, reflecting the widespread weakness in the overall economy.

India Inc looks to govt for stimulus, but fiscal space limited as revenue falters

The emerging consensus within India Inc. on the need for a government-led stimulus notwithstanding, the Centre has limited fiscal space given the lower tax collections. The Budget was a missed opportunity in terms of signalling reforms

IMF takes note of slowdown, ‘asks FinMin about revenue targets’

The IMF is learnt to have posed questions to the Finance Ministry on whether revenue targets for direct, indirect taxes, including GST estimates in Budget, appear achievable.

Direct tax revenue growth for April 1 to August 15 slows to 4.7% from 9.6% in April-June

The single-digit growth in tax revenue has, in fact, worsened over the last two months.

Coming generations of Kashmiris deserve better. Let’s give peace a chance

A promise of hope, change and transformation. A promise of getting rid of deceit, terror and the power nexus. A promise to give our much beloved motherland, Kashmir, a chance of peace. Will the promises hold?

Finance in talks with FPIs to provide relief from surcharge

Discussions with FPIs are currently underway and there are indications that investors impacted by the move could be extended some relief from the levy.

Tax revenue growth: Widening run rate gap may hit govt’s fiscal math

In July-March, gross tax growth need to grow at run rate of 22.3%; net tax growth at 29.5%.

Ready for submission, direct tax panel report gets 16-day extension

The Finance Ministry in a statement said the government allowed the deadline extension as more time was sought by new members of the Task Force to provide further inputs.

Goods and Services Tax: Panel to look into automated system to tag risky taxpayers

The GST Council has formed a 10-member ‘Committee of Officers on Risk-Based Management of Taxpayers under GST regime’, which will submit its report within a month.

Shunted out, Finance Secretary Subhash Chandra Garg puts in papers the day after

A top Finance Ministry bureaucrat being moved out and seeking voluntary retirement puts a question mark on key announcements in the Union Budget 2019-20 including the planned overseas bonds.

GST Council meeting: State FMs connect via video link, Centre defers meet last minute

Officials said Sitharaman was required to be present in Parliament as Rajya Sabha was scheduled to take up discussion for amendments to the Insolvency and Bankruptcy Code along with the introduction of The Companies (Amendment) Bill, 2019 in Lok Sabha.

Credit agencies bent over backwards for IL&FS: Forensic report

These revelations are at the heart of a scathing indictment of top agencies in a draft forensic report on alleged wrongdoing as IL&FS slipped into default.