-Newsclick.in This bounty for corporate houses comes at a time when common people are reeling under a slowdown, joblessness is at record levels and INComes are stagnating. Continuing her series of press conferences, that are becoming like a treasure hunt for corporates, finance minister Nirmala Sitharaman announced today that corporate tax rates will be slashed from the current 30% (average) to 25.17% INCluding all cess/surcharge. Actually, if no other concession is availed...
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India in no shape to benefit from RCEP -Biswajit Dhar
-The Hindu Business Line Joining the RCEP could be counter-productive given the existing inefficiencies of Indian producers. These need to be fixed first To be or not to be, that is the question … This seems to be the best way of describing India’s engagement in the negotiations for adopting the Regional Comprehensive Economic Partnership (RCEP), the mega regional trade agreement of 16 East Asian countries. When the Bangkok round of the...
More »No worries, government assures dairy industry on RCEP -Jitendra
-Down to Earth India’s homegrown dairy industry would require a support of around Rs 8-10 per kilogram of milk if the government allows import of dairy products from New Zealand and Australia under RCEP The Union government would not take any decision against the interests of homegrown cooperatives and private dairy companies as far as the Regional Comprehensive Economic Partnership (RCEP) was concerned. This was the assurance given by the Union Ministry...
More »Explained: How the latest corporate tax rate cut impacts the economy -Udit Misra
-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...
More »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...
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