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The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Highest personal I-T rate in India still lower than in China, US,...

Following increase in surcharge, effective income tax rate for individuals with income of Rs 2-5 crore will go up to 39...

7 July 2019 4:00 PM IST

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Govt assessed smuggling dimension while raising import duty on gold:...

Finance Minister Nirmala Sitharaman hiked import duty on gold and other precious metals in Budget to 12.5 pc from 10 pc.

7 July 2019 1:45 PM IST

The organic hub plan for the Northeast seeks to encourage natural farming of crops, vegetables and fruits in the eight states without the use of fertilisers and pesticides. (Representational image)

Kharif sowing hit by deficit rains; acreage down 27 pc so far

Rice, the main kharif crop, was sown in 52.47 lakh hectare till last week, down from 68.60 lakh hectare in the year-ago...

7 July 2019 12:18 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Govt working as an accountant for every taxpayer: CBDT Chairman

The CBDT Chairman said he is confident of achieving the Rs 13.35 lakh crore target for direct tax collections in...

6 July 2019 5:16 PM IST

Noted economist Rajiv Kumar interacts with the the media after taking charge as the Vice-Chairman of NITI Aayog, in New Delhi. (Photo: PTI)

Budget clean break from past, sets out agenda for Modi 2.0 govt: Rajiv...

Narendra Modi government had exempted people with earnings of up to Rs 5 lakh from payment of income tax.

6 July 2019 4:30 PM IST

...former French President, Hollande, is countering statement made against him with regard to a conflict of interest in his dealing with the Reliance Defence, Finance Minister Arun Jaitley wrote. (Photo: Twitter | @ANI)

Budget lays down roadmap for India to get back on high growth track:...

India's economic growth slowed to a five-year low of 5.8 per cent in the January-March quarter.

6 July 2019 12:29 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Budget 2019 puts onus on RBI to spur growth

In the fourth quarter of the fiscal year to last March 31, economic growth slumped to 5.8 per cent, the slowest pace in...

6 July 2019 12:24 PM IST

Finance Minister Nirmala Sitharaman

Blueprint for a $5 trillion economy

The Budget advocates policies via four pillars of thrust that can push the India economy to a level of $5 trillion in...

6 July 2019 2:28 AM IST

Additionally, the hasty implementation of GST has again hit the economy hard, resulting in a serious economic slowdown.

Budget 2019: Little done to address economic slowdown, says FICCI...

FICCI felt there was little done to address the economic slowdown while health and education did not get the required...

5 July 2019 8:01 PM IST

Indias forex reserves have shot up considerably.

Forex reserves hit new high of USD 427.67 billion

In the previous reporting week, the reserves had surged by USD 4.215 billion to USD 426.42 billion.

5 July 2019 7:45 PM IST

The upcoming elections, rising inflation and interest rates could further dampen the buying sentiment in the real estate, making the task of loan recovery difficult.

Budget 2019: Tax deduction on home loan interest to boost housing...

Many, however, rued that real estate sector was not given 'industry' status and no stress fund got created for stalled...

5 July 2019 7:17 PM IST

The Cabinet Committee on Economic Affairs on Thursday gave its approval for continuation of Pradhan Mantri Gram Sadak Yojana (PMGSY) beyond the 12th five-year plan period.

Budget 2019 stresses on massive infra investments to grow into USD 5...

Infrastructure financing needs have been estimated at around Rs 20 lakh crore a year, said Nirmala Sitharaman.

5 July 2019 5:48 PM IST