BUSINESS
Experts hope new I-T bill will end India’s tax dispute drama
A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and minimising room for aggressive interpretation.
BUSINESS
India, EFTA trade deal likely to be operational by 2025-end, says Goyal
A India-EFTA Desk was also inaugurated, which will serve as a dedicated platform to promote trade, investment, and business facilitation
BUSINESS
Common ground between Centre, states still elusive on GST rationalisation agenda
While the Centre is keen on doing away with the 12% GST slab, states on the rate rationalisation panel have, so far, only moved items between the existing rates, government sources said.
BUSINESS
RBI, FinMin to work in close-coordination keeping growth in mind, says FM Sitharaman
RBI Governor Malhotra said attributed most of the rupee's depreciation to Trump-related tariff announcements and global uncertainties.
BUSINESS
India Inc already seeing signs of consumption recovery, says FM Sitharaman
The need for private sector to step up on investments gains significance at a time when the central government's spending on infrastructure seem to have peaked.
BUSINESS
Custom duty rejig in Budget not a 'knee-jerk' reaction to global developments, says FM Sitharaman
Finance Minister Nirmala Sitharaman emphasised that while the government is committed to boosting local manufacturing by providing tariff protections to certain sectors, especially though MSMEs, it is also looking to make India more attractive for investments and trade.
INDIA
Hope to introduce new Income Tax Bill in Lok Sabha next week, says FM Sitharaman
The new bill, which will not impose any new levies, seeks to make laws around India's income taxes simpler to understand.
BUSINESS
FinMin may cut rates on small savings schemes in FY26, says govt source
The RBI's Monetary Policy Committee (MPC) on February 7 lowered interest rates by 25 basis points to 6.25 percent from 6.5 percent after almost five years.
BUSINESS
FY25 capex should be close to revised aim of Rs 10.18 lakh crore, says govt source
While, the capital expenditure target for the current financial year was reduced to Rs 10.18 lakh crore from Rs 11.11 lakh crore earlier, the Budget for 2025-26 pegged it at Rs 11.21 lakh crore, almost flat on-year versus the initial aim.
BUSINESS
RBI rate cut, income tax rebate together to boost consumption, says govt source
While the cut in income tax is expected to put more cash in the hands of the people thereby improving demand, the rate cut by RBI should help lower borrowing costs, the official added.
BUSINESS
Economists hopeful of an easing cycle after RBI’s first rate cut in five years
Crisil's Chief Economist has projected that the CPI inflation may decline to 4.4 percent in FY26, supported by a healthy kharif and rabi crop. He anticipates another 75–100 basis points in rate cuts by RBI next fiscal.
BUSINESS
India may gain nothing from the US-China trade war, say experts
A few Indian goods, such as electronics and pharmaceuticals, may gain due to the US-China tariff war, but this would also increase India’s reliance on Chinese imports and leave room for more dumping of components into the South Asian nation.
BUSINESS
FinMin may cut back FY26 green bond issuance as 10-15 bps 'greenium' remains elusive
Greenium refers to the premium that the issuer receives on green bond issuances. Investors are willing to accept lower yields on green bonds due to the sustainable nature of the projects financed by the proceeds
BUSINESS
From PM Awas to Samagra Shiksha, Centre steps up vigil on schemes to spur utilisation, says Expenditure Secy
The expenditure secretary also backed the move to put conditions on the capex-linked loans given to states.
BUSINESS
Tax cut to shield India from global headwinds, boost private investment, says CEA
V Anantha Nageswaran said that data shows that private sector has been investing, but maybe not at the pace one would like to see
BUSINESS
MC Interview |In signal to India Inc, DEA secy says need infra investment of up to 8% of GDP every year
Ajay Seth agrees that there is a message in the Budget for the Indian industry to increase investments as well as proposals to facilitate it via public-private partnerships
BUSINESS
Govt hopeful of ratings upgrade as Budget draws debt-reduction roadmap
S&P Ratings was the only agency to have recently revised India’s outlook to positive from stable earlier this year
BUSINESS
Budget export push an insurance against sluggish global growth, restrictive trade policies, says DEA secy Seth
The Budget also made changes in tariff policies in a bid to make Indian exports more competitive, economic affairs secretary Ajay Seth tells Moneycontrol
BUSINESS
MC Interview: Centre can't keep hiking capex by 25-30% each year, says Expenditure Secretary Manoj Govil
Govil, in an exclusive interaction with Moneycontrol, spoke on a range of issues from the fiscal implications of the 8th Pay Commission to the chances of a rating upgrade.
BUSINESS
India’s FY26 GDP growth can be closer to 6.8% if external headwinds don't worsen, says DEA Secretary Ajay Seth
Referring to the nominal GDP growth projection of 10.1 percent for FY26, Seth said that the finance ministry has assumed a deflator of less than 4 percent to arrive at the number.
BUSINESS
India's crypto take to factor in change of stance by major economies, says DEA Secy Seth
The finance ministry has been working on bringing out a discussion paper to seek comments and views from relevant stakeholders on the ideas outlined in it. This paper will contain suggestions on the remit of regulations for cryptocurrencies in India as well.
BUSINESS
No plans to go back to FRBM target of 40% debt-to-GDP ratio immediately, says Expenditure Secy Manoj Govil
In the Budget for 2025-26, the Centre said that from financial year 2026-27, it will target a fiscal deficit that will bring down its debt-to-GDP ratio in the 49-51 percent range by 2030-31.
BUSINESS
Govt expects to bear 8th Pay Commission cost only from FY27, says Expenditure Secy Manoj Govil
The finance ministry has written to Ministry of Defence and Home Affairs as well as the Department of Personnel and Training to suggest the terms of reference for the Commission, following which the Centre will approve them.
BUSINESS
GST rate rationalisation process underway, say sources
The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.
