Sunny Verma

Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.

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More From Sunny Verma - Page 23

Union Budget 2018: Why should we give concession to one class of people, asks Finance Secy Hasmukh AdhiaSubscriber Only

February 03, 2018 04:01 IST

Hasmukh Adhia said, "In GST, we will have to bring an e-way bill as well as the matching of invoices, which is the final thing which will help us in GST."

Sat, Feb 03, 2018

Subhash Chandra Garg, DEA secretary, economy, Budget 2018, Union Budget, fiscal consolidation, GDP, healthcare, MSP, Business news

We will not do populist giveaways as fiscal consolidation is a priority, says DEA Secretary Subhash Chandra GargSubscriber Only

February 03, 2018 03:41 IST

DEA Secretary Subhash Chandra Garg said the average fiscal deficit between 2009 and 2014 was 5.5 per cent and the government has brought it down sharply to 3.5 per cent of GDP this year.

Sat, Feb 03, 2018

Budget, Union budget 2018-19, election manifesto, general elections 2019, Lok Sabha elections, India express column

Union Budget 2018: Rural poor is focus, cost is breach of fiscal target Subscriber Only

February 02, 2018 05:22 IST

In the 35 minutes of Finance Minister Arun Jaitley's 105-minute Union Budget speech, during which he unveiled his agriculture and health schemes, there were 38 references to the word ‘agri,’ 39 mentions of the word “farm,” 35 references to “rural.”

Fri, Feb 02, 2018

Across the aisle: Southern flames may scald the nation

FY19 revenue loss estimated at 7K crore: Corporate tax on SMEs with up to 250 crore turnover cut to 25%Subscriber Only

February 02, 2018 05:05 IST

In a big boost to the small and medium enterprises, the finance minister Arun Jaitley announced a reduction in corporate tax rate from existing 30 per cent to 25 per cent, for companies with turnover of up to Rs 250 crore.

Fri, Feb 02, 2018

Union Budget 2018 Transparency push for companies, individuals

Union Budget 2018 — E-assessment: Transparency push for companies, individualsSubscriber Only

February 02, 2018 02:04 IST

The government said that by amending the Income-tax Act, a “team-based assessment with dynamic jurisdiction” will be rolled out across the country that will almost eliminate person-to-person contact.

Fri, Feb 02, 2018

Rural economy, farmers in Union Budget 2018

Union Budget 2018, Macro: Despite farm push, govt spending slowest in three pre-poll yearsSubscriber Only

February 02, 2018 01:50 IST

Union Budget 2018: Growth rate of govt expenditure in 2018-19 is also lower than the 12.3% seen in spending in 2017-18 over the actual spending of preceding fiscal.

Fri, Feb 02, 2018

Budget 2018, Indian Budget 2018, Union Budget 2018, Central Budget 2018, Pradhan Mantri Jeevan Jyoti Bima Yojana, Arun Jaitley, Modi Government, Budget 2018 News, Arun Jaitley Speech, National Health Protection Scheme, healthcare services and budget, Narendra Modi, indian express

Centre to breach fiscal deficit target of Gross Domestic Product by 30 basis pointsSubscriber Only

February 01, 2018 14:07 IST

Finance Minister Arun Jaitley on Thursday pegged the Revised Estimate for fiscal deficit for 2017-18 at 3.5 per cent.

Thu, Feb 01, 2018

bankruptcy code, bankruptcy code passed, india bankruptcy code, india, business, Bankruptcy law, Filing Bankruptcy, Industrial Companies Act, business news, india insolvency law, india news

First 10 cases under IBC: Creditors recover 33.5 per cent of total dues from defaulting borrowersSubscriber Only

January 31, 2018 00:55 IST

Lowest recovery rate of 6 per cent witnessed in the case of Synergies Doorey Automotive.

Wed, Jan 31, 2018

CAD worsens to 2.9% in September quarter on higher trade deficit

Cut loans to firms, focus on retail: Govt to smaller banksSubscriber Only

January 27, 2018 02:42 IST

Boards must approve policies on monetising non-core assets

Sat, Jan 27, 2018

GST, Goods and Services Tax, Arun Jaitley, Finance Minister, GST regime, Economy News, Indian Express

Disinvestment: Government may target Rs 1 lakh crore for next fiscalSubscriber Only

January 26, 2018 01:40 IST

The Centre has met its disinvestment target for the first time ever in 2017-18.

Fri, Jan 26, 2018

Rs 1,00,000 crore boost: Centre infuses cash, unveils reforms map for public banksSubscriber Only

January 25, 2018 05:18 IST

Banks have also been asked to ring fence the cash flow of corporate borrowers and to ensure that their earnings are not diverted for other purposes.

Thu, Jan 25, 2018

LTCG tax, long term capital gains, finance secretary, hasmukh adhia, tax investments, individual tax net, taxation, banking, india business, indian express

Budget 2018-19: To cut graft, govt plans to take tax assessment beyond state bordersSubscriber Only

January 23, 2018 04:41 IST

A jurisdiction-free assessment implies that a taxpayer in Delhi, for instance, could be assessed by a tax officer randomly selected by the online system of the tax department and located in any other part of the country.

Tue, Jan 23, 2018

Budget 2018-19: FM Arun Jaitley may tweak tax slabs to encourage savingsSubscriber Only

January 22, 2018 04:31 IST

The change in direct tax laws are expected to bring in much needed relief to the individual tax payers as the government goes for polls in 2019.

Mon, Jan 22, 2018

jobs, private sector jobs, private sector, freelance jobs, freelancing, contract jobs, temporary jobs, indian express, education news, c-suite jobs

In jobs report, new findings and ways to interpret dataSubscriber Only

January 22, 2018 00:29 IST

The study does not provide the full picture of the country’s jobs situation, as the big unorganised sector — which was impacted severely by demonetisation and the implementation of GST — remains uncaptured.

Mon, Jan 22, 2018

Budget 2018-19: Capital gains tax relief, plan to change holding period to two yearsSubscriber Only

January 19, 2018 04:54 IST

Short-term capital gains (STCG) from sale of shares within a year are currently taxed at 15 per cent while the long term capital gains (LTCG) from sale of shares after one year are tax free.

Fri, Jan 19, 2018

GST, Goods and service tax, GST India, Arun Jaitley, PM Modi, Narendra Modi, GST rates, GST filing, yashwant sinha, demonetisation, demonetisation effect, Indian economy, bjp, GSTR, make in india, gst compliance, ease of business, gst, business news, latest news, indian express

Sudden change in govt stance on borrowing sparks relief rallySubscriber Only

January 18, 2018 02:14 IST

On December 27, govt decided to make an additional borrowing of Rs 50,000 crore; it is now reduced to Rs 20,000 crore

Thu, Jan 18, 2018

DRI seized gold, gold smuggling from China to India, 27 kn gold seized, west bengal, kolkata, indian express

Till FY18 October : Govt detects ‘restricted material’ worth ‘1,086 cr’Subscriber Only

January 16, 2018 05:15 IST

805.56 cr worth of smuggled material detected in FY17

Tue, Jan 16, 2018

GST council approves simplified tax return filing system

Government turns down requests to lower GST rate on lottery businesssSubscriber Only

January 15, 2018 01:50 IST

Higher rate has adversely impacted the lottery business in many states.

Mon, Jan 15, 2018

Swachh Bharat Mission, Smart Cities Mission, PMAY, Narendra Modi, AMRUT, HriDay, government schemes, Government funds

Between 2014-15 and November 2017: Govt funding for various development schemes was Rs 68,270 croreSubscriber Only

January 13, 2018 01:21 IST

Uttar Pradesh, Tamil Nadu, Madhya Pradesh, Maharashtra and Gujarat are the biggest beneficiaries in terms of funds allocated for schemes such as Swachh Bharat Mission, Smart Cities Mission and PMAY (Urban)

Sat, Jan 13, 2018

Wealth per adult in India at $7,020, China at $47,810

Foreign banks make a beeline for India, lenders include China, IranSubscriber Only

January 10, 2018 04:45 IST

The number of foreign bank branches in India fell to 288 in 2016-17 from 317 in 2015-16, according to RBI data.

Wed, Jan 10, 2018

GST: Action against 17,527 ‘tax evaders’, Uttar Pradesh tops listSubscriber Only

January 10, 2018 00:58 IST

Only one action recorded by Central authorities in Punjab, rest taken by state authorities.

Wed, Jan 10, 2018

Five more cases of Aadhaar-related frauds at two PSBsSubscriber Only

January 05, 2018 01:35 IST

Indian Overseas Bank had the maximum of 15 such cases wherein Rs 5.89 lakh were siphoned off, followed by State Bank of India.

Fri, Jan 05, 2018

Economic Survey, Economic Survey 2017-18, Economic Survey India, How to download Economic Survey, How to see Economic Survey, Arun Jaitley, Economic Survey and Budget, Economic Survey Live, Economic Survey Highlights, Economic Survey Analysis

Poll bonds life 15 days, donor name secret but KYC mustSubscriber Only

January 03, 2018 05:35 IST

Finance Minister Arun Jaitley, in a statement in Lok Sabha, said electoral bonds can be bought for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh or Rs 1 crore.

Wed, Jan 03, 2018

electoral bonds, political funding, funds to political parties, Arun Jaitley, bonds for political funding, SBI, black money, Lok Sabha, Congress, BJP

Poll bonds life 15 days, donor name secret but KYC mustSubscriber Only

January 02, 2018 21:31 IST

Arun Jaitley said the bonds would bring in “substantial and significant amount of transparency” in electoral funding where there is “nil transparency” as of now.

Tue, Jan 02, 2018

Figures for April-November 2017: SBI collected Rs 1771 crore as charges from below minimum balance accountsSubscriber Only

January 02, 2018 04:48 IST

This is more than the bank’s July-September quarter net profit of Rs 1,581.55 crore and nearly half of the Rs 3,586 crore it earned as net profit April-September.

Tue, Jan 02, 2018