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The Customs law could be moulded according to the changing business environment and to ensure ease of doing business
Updated : Feb 6, 2020

Budget 2020: Key takeaways from FM Nirmala Sitharaman's indirect tax proposals

Indirect Tax proposal by FM Sitharaman: In order to curb abuse of the Free Trade Agreements (FTA), suitable provisions are being incorporated in the Customs Act and a review of the Rules of Origin requirements shall be undertaken for import of sensitive items. Here's all the takeaways

Finance Minister Nirmala Sitharaman presented the Budget 2020 on February 1
Updated : Feb 6, 2020

Budget 2020: FM Nirmala Sitharaman has kept a balanced focus on investors, taxpayers

Budget 2020 taxes: Overall, it appears to be a balanced budget without rubbing the investors/taxpayers in the wrong way.The government has continued with its agenda of simplifying the tax structure for corporates and making it more transparent

Providing job opportunities and ensuring continued jobs is extremely important for the Modi government
Updated : Feb 6, 2020

Budget 2020: Job creation across sectors a key focus area of Modi govt

Budget 2020 jobs: By 2030, the working age population of India is expected to be the largest in the world. This is exactly why job creation is a key focus area for the Modi government. Here's all you need to know

Achievement of the NIP target would be critically dependent on the effective involvement of the private sector and leveraging of additional resources
Updated : Feb 4, 2020

Budget 2020: Govt's Infra push critically dependent on project preparation and private sector participation

Administrative ministries and departments have a major role to play in giving a boost to the investment cycle through a painstaking focus on the time-bound implementation of the projects envisaged under the NIP and the budget

The States should un-sign the MoUs they have signed with UIDAI and discontinue both UID/Aadhaar and NPR exercise
Updated : Feb 4, 2020

India's identity crisis: Nine reasons to fear National Population Register (NPR) and Aadhaar

There is a compelling logic for setting up a high powered commission of inquiry to probe the ongoing bartering of citizen's databases and transfer of national data assets to foreign entities

Budget 2020: FM Nirmala Sitharaman with an intent of reducing the hassles and simplifying the current tax regime has proposed a few changes and has introduced a new regime
Updated : Feb 1, 2020

Budget 2020: 5 personal taxation rules announced in FM Nirmala Sitharaman's speech explained

Union Budget 2020: Finance minister Nirmala Sitharaman introduced an optional personal income tax regime with the intention to simplify income-tax filing and reduce the tax burden on individual taxpayers

Budget 2020: With the upcoming Budget, the government must also look at creating confidence in business and relevant tax policies
Updated : Jan 31, 2020

Budget 2020: How can FM Nirmala Sitharaman put India back on growth trajectory towards a $5 trillion economy

Union Budget 2020: Union Budget 2020 presents a tremendous opportunity to strengthen the twin engines of economic growth -- consumption and investment

Updated : Jan 31, 2020

Budget 2020: Current health concerns warrant greater budgetary backing for innovation and research

Greater investment in biological sciences is crucial because we are in times when both non-communicable diseases (like cancer and diabetes) and infectious diseases (caused by new viruses) are only going to rise

Centre must make important provisions to boost the agriculture sector, which is the backbone of the economy
Updated : Jan 30, 2020

Budget 2020: Zinc deficiency affecting crops, humans; need for a conducive policy in agriculture

India is a zinc-deficient country. Given deficiency of this essential micronutrient, WHO has reported that about 800,000 deaths happen annually due to zinc deficiency, of which 450,000 are children under the age of five

Budget 2020: Given the current state of the economy, Budget 2020 is going to be one of the crucial Budget in the second term of the NDA government
Updated : Jan 30, 2020

Budget 2020: India Inc demands sectoral reforms, tax cuts

Budget 2020: With a few days to for the Union Budget 2020, India Inc expects finance minister Nirmala Sitharaman to strike a fair balance between falling consumption, revenue shortfall and high rate of unemployment

Budget 2020: Here's what different sectors could expect
Updated : Jan 29, 2020

Budget 2020: Govt likely to restructure MUDRA, UDAY schemes as complications rise

Going forward, in the Budget, the government should focus on taking small steps to address the overall supply side hurdles and ensure more stringent governance norms

Budget 2020: India imports around 80 per cent of its medical devices (requirement) and over a fifth of that comes from the US
Updated : Jan 28, 2020

Budget 2020: Will FM Nirmala Sitharaman address Indian medical device industry's Woes?

Budget 2020: Incentivise traders to become manufacturers rather than encouraging manufacturers to import and sell under their brands

Budget 2020: A cut in personal tax is one of the most popular and long pending demands
Updated : Jan 27, 2020

Budget 2020: Govt must change tax slabs, increase NPS deduction limit, other policy measures

Budget 2020: To boost the real estate sector, the government should consider enhancing the limit for deduction of interest paid on housing loan to Rs 300,000 in case of a self-occupied property

Budget 2020: A major reform required is providing stability and certainty to taxation regime
Updated : Jan 27, 2020

Budget 2020: Easing of export norms, stabilisation of tax rates necessary for sustained growth

Budget 2020: A significant amount of red tape and hurdles exist for exports. These need to be urgently identified and difficulties removed. Government could provide incentives by way of cost reductions on inputs for exports

Budget 2020: There is an urgent need to address the challenge of liquidity faced by the real estate sector, especially after the NBFC crisis
Updated : Jan 24, 2020

Budget 2020: Bold fiscal measures needed to boost real estate sector

Union Budget 2020: Since a long time, the real estate sector needs an industry status that can help it with finances at a lower cost, especially at times when the availability of funding is a major headwind for the industry

Budget 2020: One of the long outstanding demands of the agri warehousing industry has been the rationalisation of indirect taxes
Updated : Jan 23, 2020

Budget 2020: Want to fix the slowing economy? FM Nirmala Sitharaman should begin with agriculture

Union Budget 2020: The need of the hour is long-range agricultural policy and programmes which could remove the bottlenecks for agri-warehousing and facilitate easy credit for farmers

ARCs need a licence to operate and are regulated by the Reserve Bank of India
Updated : Jan 16, 2020

Budget 2020: Govt needs to strengthen ARCs; provide stimulus to the voiceless sector

A standing committee on the ARC sector should be formed which should meet quarterly to take stock of the developments and ways to improve the functional effectiveness of ARCs

Budget 2020: Abolishment of DDT will likely be welcomed by all taxpayers and will be considered as one of the steps towards ease of doing business in India
Updated : Jan 14, 2020

Budget 2020: Taxation of dividends - the next reform?

Budget 2020: While taxpayers' expectation on withdrawal of DDT has been on for several years now, the probabilities are stronger due to the objective of the government to rationalise corporate tax rate and promote economic growth

Business Today Editor Rajeev Dubey
Updated : Jan 7, 2020

Mission GST

In the run-up to Budget 2020, the Centre has no option but to crack down on GST evasion, even at the expense of criticism of another round of tax terrorism