BUSINESS
States should focus on sustainable policies, infra creation, says RBI report
The central bank also flagged concerns on states reverting to the old pension scheme.
BUSINESS
Budget 2023: Jayant Sinha bats for parity in capital gains tax rules to help start-ups, private markets
The Parliamentary Standing Committee on Finance has recommended that the Budget 2023 should simplify and streamline capital gains tax rules across equity, debt, real estate, gold and mutual funds, its Chair, Jayant Sinha tells Moneycontrol.
INDIA
I think we are certainly going to take some important policy decisions with respect to the feel-good side: Jayant Sinha
The MP underlines the necessity of supporting vulnerable sections of the population even at the cost of a higher fiscal deposit.
BUSINESS
IDBI Bank divestment will conclude in first half of FY24: DIPAM
Bidders will move to the due diligence stage only after they clear the central bank’s fit and proper test.
BUSINESS
Budget 2023-24| Government may slow down privatisation and divestment as polls get closer
The Modi government has stepped into election gear and policies that may possibly antagonise a certain section of the electorate will not figure in the budget.
BUSINESS
Gifts by firms over Rs 20,000 now under TDS net, cos fret about compliance burden
From free airline tickets to a music system to free dining vouchers, any gift above Rs 20,000 by companies to individuals will now be liable for TDS.
BUSINESS
Time to fix up income tax system, end most of the exemptions: Arvind Panagariya
Former Vice Chairman of Niti Aayog, Arvind Panagariya, says the government needs to simplify personal taxes, monetise assets, push for divestment and end protectionism in exports.
BUSINESS
Time has come to cut back on food subsidy bill, economists say
India’s subsidy bill, especially for food, needs to be pruned, economists said, and a part of those savings should be diverted towards infrastructure spending.
BUSINESS
Pension Politics: The old pension scheme threatens the new
Pensions comprise 12.4 percent of the revenue expenditure of the 10 most indebted states. If the NPS is junked in favour of the old scheme, the burden will shift to future generations.
POLITICS
Narendra Modi and development: BJP’s winning mantra in Gujarat
An above-average development track record under the BJP, a missing Congress on the ground and the Gujarati love of stability in policy were responsible for the BJP’s commanding victory in the assembly elections
BUSINESS
Can India's GIFT City become a rival to global financial hubs of Singapore and Dubai?
14 years on after it was announced, PM Modi's vision of setting up a world-class financial centre in Gujarat remains a work in progress but concrete steps can take it in that direction swiftly.
BUSINESS
UK-India FTA talks: Tariff barriers, digital trade and services, access to SMEs, easing of regulatory issues on the agenda
Both countries are hopeful of bringing in the FTA by early next year, for it to be implemented before 2024.
BUSINESS
Success of PLI in mobiles holds lessons for other sectors: Amitabh Kant
India is offering incentives across 14 sectors and Kant says that ministries need to act fast for India not to miss the manufacturing opportunity.
BUSINESS
EPFO data shows fall in jobs created, but experts say no need to worry
Employees’ Provident Fund Organisation’s latest payroll data showed that formal jobs created fell for the second consecutive month in September.
BUSINESS
India to push the narrative of developing countries and showcase its growth at G20: Amitabh Kant
Prime Minister Modi wants G20 to be action oriented, reform oriented, inclusive, to be the voice of the developing world, India’s Sherpa to the G20 told Moneycontrol in an exclusive conversation
BUSINESS
Data law will be passed and implemented ‘much before’ 2024 general elections
Expect a world-class framework, some exceptions for the government, and financial penalties on misuse of data, says Rajeev Chandrasekhar on Personal Data Protection Bill
INDIA
MC Explains | What's driving inflation down?
India's retail inflation eased to a three-month low of 6.77 percent in October from 7.41 percent in September. The downward push was driven primarily by base effects and food prices.
