-PTI * Subhash Chandra Garg from the tax revenues perspective, 2019-20 is proving to be a dysfunctional year * Former finance secretary says Corporate Tax, excise duties and customs are likely to see negative growth in collections in 2019-20 NEW DELHI: The government's tax collection is likely to fall short of its estimate by Rs2.5 lakh crore or 1.2% of GDP in 2019-20, former finance secretary Subhash Chandra Garg said on Sunday while...

-The Telegraph Lower Corporate Tax of 15% valid till March 2023 The government is exploring the possibility of extending the duration of the Corporate Tax relief to new units beyond March 2023. Sources said the commerce ministry had taken up the issue to extend the benefits to seven years with the finance ministry. The ministry has argued the duration should be higher as the time taken from conceptualising a project to actual production could...

-Newsclick.in Children go hungry in India while granaries overflow and corporates get mega tax-breaks. As a child, I never liked eating liver. I would gaze at my plate for ages, as I sat ruminating at the table, well after everyone else had finished their meals. “You are wasting your food,” my mother would scold me, “while children in Ethiopia are dying of hunger.” I am not alone. Almost all of us would...

-The Hindu While indexation of the NREGA wages is critical, lifting them to the minimum wage would help workers and the economy The government made two recent announcements at two ends of the spectrum to mitigate the economic crisis. One concerns a new indexation of NREGA wages meant to increase rural incomes. The second is a reduction in Corporate Tax rate. Prices of commodities increase each year, so it’s important to accurately estimate...

-The Telegraph While the Corporate Tax cuts are a long-term positive, this does not dismiss the case for near-term consumption support The government relented on fiscal discipline to steeply reduce Corporate Taxes on September 20; the lowest is now 17 per cent for new manufacturing units. The stock market soared, seeing earnings grow after successive downgrades for nearly nine years — about the same time as the investment shortfall that lower taxes...