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Mumbai
Wednesday, January 29, 2020

Exporters meet Finance Minister call for export development fund

Ajay Sahai, President Federation of Indian Exports (FIEO) said, "we need to bring 'Double Tax Deduction Scheme for Internationalization of MSMEs' to allow MSMEs to deduct against their taxable income, twice the qualifying expenses incurred for approved overseas activities including market preparation, market exploration, market promotion, and market presence.

Capital market may seek change in Dividend Distribution Tax

Finance Ministry said Sitharaman will meet the stakeholder groups of 'New Economy: Start-ups, Fintech and Digital Sector' and financial sector and capital market representatives. The capital market players may seek replacement of Dividend Distribution Tax (DDT) with the classical system of dividend taxation.

Govt’s stimulus report card says FDI inflow at record level

According to the ministry, the stimulus measures have led to a record inflow of foreign capital into the country.

No comment on ‘stagflation’ says Nirmala Sitharaman

Several economists have expressed concerns after the official data on Thursday showed that retail inflation soared to 5.54 percent in November, a steep rise of 92 basis points from the inflation number of the previous month.

Govt rules out BSNL, MTNL disinvestment

While the specific assets to be monetized during the current fiscal year have yet not been identified, the target for asset monetization during the current fiscal year for BSNL and MTNL is Rs 200 crore and Rs 300 crore respectively, telecom minister Ravi Shankar Prasad.

RBI cuts GDP forecast to 5% in FY20; sees early revival...

New Delhi: With the second-quarter GDP slipping to a six-year low of 4.5 percent and expected to remain muted, the Reserve Bank of India (RBI)...

Markets open in red on Wednesday

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.The Sensex of the BSE opened...

Sensex down 70 pts, Banks slip

Mumbai: The Indian equity markets traded in the red during the early trade on Tuesday as banks and financial services saw mild selling pressure.The Sensex...

Moody’s cuts India’s 2019-20 growth forecast to 5.8%

Moody's downward revision comes ahead of the International Monetary Fund's growth projections due next week.