Economy

Niti Aayog meet: Spoke on Mahadayi, mining, says Goa CM

Corporate tax giveaway to have little impact on fiscal goals: Niti Aayog

8:15 pm September 21, 2019

Mumbai : The Rs 1.45- trillion tax giveaway is unlikely to widen fiscal deficit much as the shortfall will be met through increased tax collections due to higher growth which the massive tax cuts are expected to achieve, Niti Aayog Vice Chairman Rajiv Kumar said here on Saturday. On Friday, the government had announced tax cuts for […]

Rajasthan: Around Rs 4.5 crore cash seized from car

Rupee rallies 40 paise on corporate tax cut

7:31 pm September 20, 2019

Mumbai: The Indian rupee on Friday rose by 40 paise to settle at 70.94 to the US dollar after forex market sentiment was buoyed by the government decision to slash corporate taxes. The news of lowering corporate tax rejoiced the equity market as well, but the bond market did not take the announcement very well. […]

Economy needs surgery, govt is applying balm: Congress

6:44 pm September 20, 2019

Mumbai: The Union government is applying only a balm to the economy when what is needed is a surgery, the Congress said on Friday, demanding that the focus should be on job-creating sectors such as construction and textiles. Addressing a press conference here, Congress spokesperson Gaurav Vallabh also said the GST structure should be reformed, […]

Need robust global cooperation to fight cross-border tax evasion, avoidance: FM

Govt slashes corporate tax rates to boost economy, investments

12:16 pm September 20, 2019

The government on Friday slashed the income tax rate for companies (corporate tax) by almost 10 percentage points to 25.17 per cent and offered a lower rate to 17.01 per cent for new manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs. Finance Minister Nirmala Sitharaman […]

Xi said Sino-US relations were at a "critical juncture", CCTV said, adding that cooperation was mutually beneficial and "the only right choice." "I hope that the US will take substantive actions to improve Sino-US relations, and both sides can work together to strengthen cooperation in fighting the epidemic," he said. Some provinces, cities and companies in China have provided medical supplies and support to the US as well, Xi added.

Trump moving ahead with new tariffs on Chinese products

10:02 pm August 31, 2019

Washington : Washington is moving ahead Sunday with new tariffs on Chinese imports as it steps up a high-pressure campaign aimed at coercing Beijing to sign a new trade deal even amid fears of a further slowing of US and world growth. The additional 15 per cent tariffs, affecting a portion of the USD 300 […]