View: How a reform oriented govt can offer compelling opportunity for investors
The Covid-19 pandemic has unravelled long-established alliances and global production networks. Supply chains were earlier designed to take advantage of resource availability, customer proximity and cost arbitrage.
Apple suppliers chose to make in India even amid Covid: Ravi Shankar Prasad
Prasad said during the pandemic, global smartphone manufacturers ...
President-elect Joe Biden's tax policies could be a boon for India, feel experts
“If the US under Joe Biden does indeed go ahead with higher ...
Govt to offer incentives for affordable rental housing complexes development: Hardeep Singh Puri
The govt is extending several incentives including free Floor Space Index (FSI), concessional project finance, free of cost trunk infrastructure facilities amongst others to push the participation in the Affordable Rental Housing Complexes (ARHCs) scheme for urban poor and migrants.
Govt Incentives to help MSMEs, says Dye Chem Industries chief
The government has announced Rs 3 lakh crore collateral free automatic loans for businesses including MSMEs, Rs 20,000 crore subordinate debt for stressed MSMEs and Rs 50,000 crore equity infusion through a fund of funds.
No investment-linked deduction available if audit report not submitted with income tax returns: Delhi Tax Tribunal
The Tribunal ruled that in the absence of the audit report being furnished along with the tax return, claim for deduction of incentive benefit was rightfully denied to the Taxpayer while processing the tax return.
Cap on exports incentive by govt to hurt handset, component exports, says industry
The government on Tuesday notified that benefits to each exporter under the Merchandise Exports Incentive Scheme (MEIS) for the September-December period is capped at Rs 2 crores.
Exporters fear uncertainty over govt’s move to cap export incentives
Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said exports that will be made during September-December 2020 are based on the orders which have already been negotiated much earlier, factoring the existing benefit under the scheme.
Stressed sectors are being identified; interventions will be announced at right time: Ajay Bhushan Pandey, Finance secretary
"We have announced PLI (Production-Linked Incentive) scheme for some sectors. We have received some suggestions about whether PLI can be expanded to some more areas. The government will respond, as this scheme is differently designed," Bhushan said.
UP govt's decision to give sops to companies to diversify supply chains from China yield results
UP CM Yogi Adityanath had directed ministers and government officials in April to hold discussions with companies having their manufacturing bases in China, and find ways to offer them sops that would encourage them to shift their existing facilities out of China.
Telangana EV Policy: First two lakh electric two-wheelers exempted from road tax, registration fee
The policy also gives 100 per cent exemption on road tax and registration fee for electric tractors purchased and registered in the state as per the existing rules/guidelines applicable for tractors by the Transport Department.
View: A leg-up to really start things up
Till date, the Department for Promotion of Industry and Internal Trade (DPIIT) has recognised over 36,000 startups providing employment to 4.2 lakh people, which is an almost 300% growth since 2016.
Govt plans to bring voluntary pension scheme for small traders, unorganised workers under EPFO
“We are looking at bringing the Pradhan Mantri Shram Yogi Maandhan for unorganised workers and the National Pension Scheme for traders and self-employed persons under the administrative control of EPFO,” an official aware of the deliberations told ET.
Economy to be among the fastest growing next year: Finance Minister Nirmala Sitharaman
Nirmala Sitharaman said India’s foreign direct investment between April and August had risen 13% compared to the previous year, despite the disruption caused by the pandemic. She said investors were attracted by various factors including low tax rates and automatic approvals for 95% of the economy.
Industry seeks easier Income Tax rules for foreign nationals
Industry bodies are seeking that India taxes only the local income of foreign nationals or expats staying in India for extended periods for investing or monitoring large amounts of FDI or for bringing in technical and management expertise.