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Modi-Sitharaman duo are under virtual seize from both ends: Covid-19 War; and the “Stimulus Package” warriors. The majority are aware that limited means are only available to satisfy numerous claimants. Surely, the government machinery is getting all the inputs on a daily basis from all corners of the country.
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Aimed at putting in place a mechanism to ensure transparency in chit fund schemes and protect subscribers, regulate the industry, the Parliament, on its first day of Winter Session took up the Chit Fund (Amendment) Bill, 2019. While the FInMin wants the legislation, Chit Fund (Amendment) Bill, 2019 to sail through, the bill has been through a Standing Committee for scrutiny.
Waking ahead in the changing landscapes of the taxation reforms, the Central Board of Direct Taxes on Tuesday signed the 300th Advance Pricing Agreement in the month of September, marking a significant landmark of India’s seventh APA Programme.
Waking ahead to promote corporate growth investment and allow the domestic companies to ease the business procedures, Finance Minister Nirmala Sitharaman on Friday moved up slashing the corporate tax for the domestic companies while making other amendments to the Income Tax Act and the Finance Bill at Panaji in Goa.
Showing no positive sign of price cuts neither threatening the masses of price rise, the wholesale inflation in the month of August remained at 1.08 per cent, the same level as the previous month on Monday.
Deciding over the valuation of goods and services in solar power generating systems and wind turbine projects for the purpose of levying GST, the council chaired by FM Nirmala Sitharaman slates to push domestic manufacturing of e-vehicles, further deciding over the tax rates.
