-The Indian Express A cut in income tax will naturally mean a loss of revenue for the government, which will impact the fiscal deficit. The quantum of the revenue loss will depend on how deep the tax cut is. Finance Minister Nirmala Sitharaman has said that the government is considering cutting tax rates to revive growth. “Tax rate cut is one among the many things we are thinking to boost growth,” Sitharaman...
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Petitions in Supreme Court seek probe into Hyderabad killings
-The Hindu Sajjanar, Jaya Bachchan, Swati Maliwal made pARTy to pleas Two separate petitions were filed in the Supreme Court on Saturday seeking an independent investigation into the extrajudicial killing of four men accused of the rape and murder of a veterinarian in Hyderabad. The writ petition filed by Supreme Court advocate G.S. Mani sought a CBI or a special investigation team probe against Cyberbad Police Commissioner V.C. Sajjanar, who is a respondent...
More »Government working on more measures to boost economy: Nirmala Sitharaman
-PTI GST rates have to be ratonalised by the Council, says th Finance Minister Finance Minister Nirmala Sitharaman on Saturday, December 7, 2019, said the NDA government is working on more measures to revive the sagging economy. The GDP growth slowed down to more than six-year low of 4.5 per cent in the second quARTer of the current fiscal from 5 per cent recorded in the first quARTer. The government has taken several measures...
More »Climate change behind spike in onion price every alternate year: Study -Nagesh Prabhu
-The Hindu Researchers from Institute for Social and Economic Change say price will stabilise only by March 2020 Bengaluru: The price of onion in the country spikes every two years and this is largely triggered by a series of factors, including drought, late arrival of monsoon, floods, crop failure, and supply disruptions, according to a recent study. The current sharp spike in onion price is expected to continue till at least March...
More »CII suggestion to Revenue Secy: Focus on consumption, investment
-The Indian Express CII recommended adoption of an expansionary fiscal policy to allow fiscal deficit to increase by around 0.5 per cent to 0.75 per cent of GDP, which will give government additional fiscal space of Rs 1.1 lakh crore to Rs 1.6 lakh crore. In a pre-Budget consultation meeting with Revenue Secretary Ajay Bhushan Pandey, the Confederation of Indian Industry (CII) shared its pre-Budget Memorandum recommendations, focusing on providing impetus...
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