Business

Corp tax cut credit positive, raises fiscal risks: Moody’s

Mumbai,  Corporate tax reduction is credit positive for companies but increases the government’s fiscal risks, global rating agency Moody’s said on Saturday. On September 20, Finance minister Nirmala Sitharaman announced a reduction in the base corporate tax rate to 22% …

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NRAI slams Zomato for extending ‘Gold’ programme to delivery

New Delhi, The National Restaurant Association of India (NRAI) on Saturday slammed Zomato for extending its “Gold” programme on its delivery platform, saying it is a desperate attempt by the online food aggregator to shore up the sinking fortunes of …

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Aadhaar may be made mandatory for claiming GST refunds: FM

Panaji,  The Goods and Services Tax Council chaired by Union Finance Minister Nirmala Sitharaman on Friday took an in-principle decision to link Aadhaar with registration of taxpayers under the GST and examine the possibility of making Aadhaar mandatory for claiming …

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Corporate tax reliefs to spur growth, create jobs: India Inc

Bengaluru, The series of tax reliefs Union Finance Minister Nirmala Sitharaman announced in New Delhi on Friday would revive the economy, boost investment, spur growth and create jobs, said India Inc honchos across the sectors. “The corporate tax relief measures …

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Historic trade session ends with Sensex gaining 1,921 pts

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Mumbai,  Sensex closed Friday’s session with an unprecedented 5.32 per cent advance as Finance Minister Nirmala Sitharaman announced yet another big ticket announcement to kickstart the economy. Indian benchmark indices logged the biggest-ever gains in over 10 years as the …

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Jet insolvency: RP, Dutch administrator agree to cooperate

New Delhi,  In a major development in the Jet Airways insolvency matter, the resolution professional (RP) of Jet Airways and the Dutch court administrator have agreed to cooperate in the insolvency proceedings of the airline. The RP and the Dutch …

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Volatile oil prices potential risk to CAD: RBI Governor

Mumbai,  Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said global slowdown, trade and geopolitical tensions currently pose major downside risks for the Indian economy, while volatile crude prices also have the potential to increase the country’s current …

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No stressed MSME to be declared NPA till March 2020: FM

New Delhi,  In a major relief for micro, small and medium enterprises (MSME), Finance Minister Nirmala Sitharaman on Thursday announced that stressed MSMEs would not be declared non-performing assets (NPA) till March 31, 2020. The minister also said that banks …

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Sensex slumps 470 points, Yes Bank down 15%

New Delhi,  The key Indian equity indices slumped over 1 per cent on Thursday with the BSE Sensex closing 470 points lower, owing to heavy selling in oil, metal and IT stocks amidst mixed global cues. Selling acitivity was witnessed …

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FM to review PSU banks’ merger preparedness

New Delhi , Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process within the stated timeline of April 1, 2020. “Tomorrow’s PSB meeting will take …

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