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
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
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
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
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
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
Union Budget 2020: Union Budget 2020 presents a tremendous opportunity to strengthen the twin engines of economic growth -- consumption and investment
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
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: 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
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: Incentivise traders to become manufacturers rather than encouraging manufacturers to import and sell under their brands
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 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
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
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
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: 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
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





