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Government will require to scale back expenditure in the second half of the year to keep the overall deficit near 3.5-3.6 per cent of GDP. (Photo: AFP)

DBS expects modest rate cut at RBI's MPC meeting in October

RBI Governor Shaktikanta Das also reinforced his dovish bias due to weak inflation and negative output gap.

23 Sep 2019 3:12 PM

Sitharaman also said the government would decide on additional market borrowings for the second half of 2019-20 later. (Photo: Asian Age)

Govt says no plans to revise fiscal deficit target or cut spending now

Govt cut corporate tax rates in a surprise move designed to woo manufacturers, revive private investment and lift growth from a 6-year low.

23 Sep 2019 10:58 AM

This is the sixth straight daily increase and has taken the cumulative price hike since September 17 to Rs 1.59 per litre in case of petrol and Rs 1.31 for diesel.

Post Saudi attacks, in last 6 days petrol price rises to highest in 2 years: Report

Petrol price was on Sunday hiked by 27 paise to Rs 73.62 a litre in the Delhi market.

22 Sep 2019 12:13 PM

Manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs.

Reduction in corporate tax rates, expert says move to arrest slowdown

Govt slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent.

21 Sep 2019 2:01 PM

Commodity and information technology (IT) services companies will benefit most from the tax rate cut.

Corporate tax cut positive but growth faces headwinds: Moody's

On Friday, the Centre announced a reduction in the base corporation tax rate to 22 per cent from 30 per cent.

21 Sep 2019 1:16 PM

Council also decided to a withdraw a circular issued in June which prescribed that the additional discount given by a company to a dealer.

In-principle decision to link Aadhaar with GST registration

The GST Council may consider merging the two brackets 12 per cent and 18 per cent to a single bracket.

21 Sep 2019 10:42 AM

Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.

US corporate sector hails India's move to slash income tax rate for companies

Government slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent.

21 Sep 2019 9:49 AM

Commerce and industry minister Piyush Goyal. (Photo: File)

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

Corporate tax rate cut for companies by almost 10 percentage points to 25.17 per cent.

20 Sep 2019 2:14 PM

Debroy also said GST collection has been revenue negative so far instead of being revenue neutral.

Wrong to say India on 5 pc growth trajectory: Bibek Debroy

The GDP growth in the April-June quarter of the 2019- 20 fiscal was 5 per cent, according to government data.

20 Sep 2019 2:10 PM

GDP growth slowed for the fifth consecutive quarter in April-June 2019 to 5 per cent, the lowest in six years.

Industry, market cheer slashing of corporate tax rate

Corporate tax rate cut from 30 pc to 25.2 pc to spur growth- this is a great move which will firmly revive growth and investment.

20 Sep 2019 1:21 PM

State finance ministers and the federal finance minister as the chair, will shortly meet to decide on reducing tax rates to boost growth that has fallen to a six-year low.

GST panel likely to recommend tax cuts on 20-25 products: sources

The proposed GST tax cuts will have limited impact on government revenue.

20 Sep 2019 12:12 PM

Sitharaman said the revenue foregone on reduction in corporate tax and other relief measures will be Rs 1.45 lakh crore annually.

Govt slashes corporate tax to 25.17 per cent for domestic cos

The changes in the Income Tax Act and Finance Act will be made effective through an ordinance.

20 Sep 2019 11:15 AM

However, the survey showed that the number of factories increased to 2,37,684 in 2017-18 from 2,34,865 a year ago. (Representational image)

Factory investment at 3-year low of Rs 3.31 lakh cr in 2017-18: Survey

The number of employees also increased to 1.55 crore in 2017-18 from 1.48 crore in the previous year.

19 Sep 2019 7:43 PM

We are working on two important Bills -- the Pesticide Management Bill and the Seeds Bill. They are pending for long. We are pursuing them very seriously. I hope they will be passed in the next session of Parliament, said Minister of State for Agriculture Parshottam Rupala. (Photo: File)

Parliament nod on pesticide and seed bills likely next session: MoS Agri

Pesticide Management Bill seeks to regulate the pesticide sector by fixing prices and setting up of a regulatory authority.

19 Sep 2019 2:01 PM

Finance Minister Nirmala Sitharaman. (Photo: Asian Age)

FinMin to hold review meeting with public sector banks today

The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.

19 Sep 2019 8:50 AM

At present, 18 per cent GST rate is applicable for hotel tariff up to Rs 7,500 per night.

Fitment panel rejects GST rate cut for auto, biscuits; favours relief for hotel industry

Automobile industry has long been demanding reduction in GST rate from the present 28 per cent to 18 per cent.

18 Sep 2019 7:51 PM

Amending FDI norms for the manufacturing sector, it said foreign investment in 'manufacturing' sector is under automatic route.

DPIIT notifies FDI relaxation norms in coal mining, contract manufacturing, single-brand retail

It also notified the decision to allow 26 per cent FDI in digital media, a move over which certain industry and experts have raised issues.

18 Sep 2019 7:18 PM

The government is active, the fundamentals of Indian economy is intact and we will continue to do whatever it required to take india back to high trajectory growth rate, said Niti Aayog CEO Amitabh Kant. (Photo: File)

Govt doing everything possible to bring India back on high growth path: Kant

We need to think what kind of innovation we need to undertake to attain a high growth, said Niti Aayog CEO Amitabh Kant.

18 Sep 2019 6:16 PM

There is a whole bunch of things that the finance minister just announced. There will be more. Of course, there is a Budget in few months from now where bigger and more clear vision for next few years will be unveiled," said Principal Economic Adviser Sanjeev Sanyal. (Photo: File)

More space on monetary side than fiscal for boosting growth: Sanyal

Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.

18 Sep 2019 12:42 PM

The first set of announcements was made on 23 August that included rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors. (Photo: File)

'Blueprint ready': Govt mulling fourth booster dose to revive economy

Last week, the government announced a slew of measures to boost exports and the real estate sector.

18 Sep 2019 9:24 AM

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Krishna Shastri Devulapalli