-The Indian Express A cut in personal income tax or GST slabs would have spurred the economy more in the short term but the corporate tax cut is beneficial for the economy in the long term. Finance Minister Nirmala Sitharaman’s announcement to cut corporate tax rates on Friday morning was a welcome surprise for the Indian economy that has been struggling with growth deceleration. According to reports, the government has cut the...
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Why are resident Indians remitting more money abroad than ever before?
-TheWire.in From $1 billion in 2012 to over $13 billion in 2018, higher remittances could indicate greater spending abroad as rich Indians look to diversify or the beginnings of a flight of capital. New Delhi: Indians sent more money out of the country than ever before in July 2019 under the liberalised remittance scheme (LRS), in a development that comes even as the Narendra Modi government looks to attract foreign direct...
More »India is the top source of immigrants across the globe
-The Hindu A UN report reveals that one-third of all immigrants come from 10 countries India has emerged as the leading country of origin for immigrants across the world, with 17.5 million international migrants in 2019 coming from India, up from 15.9 million in 2015, according to a dataset released by the Union Nations Department of Economic and Social Affairs in New York on Tuesday. Sharp increase The International Migrant Stock 2019, released by...
More »Non-NDA states flay change 15th Finance panel's terms of reference -Ronak Chhabra
-Newsclick.in The Modi Government’s sudden modification of the terms of reference via a presidential order on July 29 is an attempt to squeeze the revenue share of states, say Opposition leaders. New Delhi: The Narendra Modi government’s decision to change the terms of reference of the 15th Finance Commission through a Presidential Order is aimed at further squeezing the revenue share of states, without even consulting them, various finance ministers of non-BJP...
More »NCR gets functional plan for micro, household enterprises
-The Hindu National Capital Region Planning Board also released regional plans for 7 districts The National Capital Region Planning Board (NCRPB) on Friday released the functional plan for micro and household enterprises in the NCR that aims to boost micro, small and household enterprises, and approved regional plans for seven districts. Addressing the NCRPB Board meeting, Union Housing and Urban Affairs Minister of State (independent charge) Hardeep Singh Puri told NCR states to...
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