The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.
REITs, a new investment avenue in India on the lines of one in developed markets like the US, UK, Japan.
Hyundai Grand i10 is the fastest growing car in India, says the company.
With Jaitley preferring continuity over change, good days might take a little longer to arrive, says Shankar Acharya.
Even as the government's move to hike import duties on 45 items is seen as a sign of protectionism, the prime minister was himself involved in the process.
Income Tax dept will launch over 100 fresh prosecution complaints.
About 110 tonnes had been loaded additionally in the 55 goods wagons.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
Modi said 'Vision 2020' will make the Railways free from constraints.
For the first, Jaitley said the Parliament held a comprehensive debate on sanitation.
DoP has 25,000 departmental post offices and 1,30,000 rural post offices across the country.
The higher limit will be useful for senior citizens in particular
Govt proposes to introduce redeemable gold bonds.
There will be some populist announcements in Budget.
The biggest disappointment was the compromise on the promised corporate tax reduction path.
The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39 per cent to Rs 4,33,108 crore this fiscal and fall further by 27 per cent to nearly Rs 3.18 lakh crore in 2022-23. In its revised Budget (RE) estimate for the 2021-22 fiscal, the government has pegged total subsidies to be at Rs 4,33,108 crore against the actual Budget estimate of Rs 7,07,707 crore in the previous financial year. Out of which, the food subsidy is estimated to decline to Rs 2,86,469 crore in the current fiscal from Rs 5,41,330 crore in 2020-21, while petroleum subsidy is estimated to fall to Rs 6,517 crore from Rs 38,455 crore in the said period.
The government's plan to mop-up additional revenue from indirect tax may not materialise
Growth in the Asia-Pacific region will be low, the aqency said
Parekh said divestment can unlock huge funds.
Jewelers also want import duty on gold to be reduced from the current 10 per cent to at least 5 per cent.
Sebi ofers bonanza for its female employees.
Tata made personal investments in four companies last year.
Bankers have been criticised for not passing the benefits of rate cuts
Air fares to go up as ATF price is hiked by 8.2%.
Call rates to be reduced by 35%, text charges by 80%.
India ranks lower than most BRICS nations in terms of innovation.
Indian IT-BPM industry raked in revenues of $119 bn in 2014-15.
The bank unions had threatened to go on 4-day strike from February 25.
Both of them will be produced in court around noon.
Jaitley said returns from the stock market are quite attracting and it was time to bring them under the ambit of capital gains tax.
One per cent TDS will apply on non-agriculture immovable property of over Rs 50 lakh on the basis of sale price or the stamp duty value, which ever is higher, after an amendment in the Income Tax Act.
Suresh Prabhu presented the Railway Budget on Thursday.
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