Finance Minister Nirmala Sitharaman unveiled structural reforms for various sectors to help build a self-reliant India under the Atma Nirbhar Bharat Campaign, today Policy Reforms to fast-track Investment – Effort towards AtmanirbharBharat Fast track Investment Clearance through Empowered Group of Secretaries (EGoS). Project Development Cell in each Ministry to prepare investible projects, coordinate with investors and Central/ State Governments Ranking ...

Hon’ble Prime Minister announced a Special economic and comprehensive package of Rs 20 lakh Crore – equivalent to 10% of India’s GDP on 12th May 2020. He gave a clarion call for Aatmanirbhar Bharat or Self-Reliant India Movement. He also outlined five pillars of Aatmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.Announcing the 2nd Tranche of measures to ameliorate ...

During the press conference here today, Union Minister of Finance & Corporate Affairs Smt. NirmalaSitharaman said in her opening remarks that Prime Minister Shri NarendraModihad laid out a comprehensive vision in his address to the Nation yesterday. She further said that after spending considerable time, the Prime Minister has himself ensured that inputs obtained from widespread consultationform a part of ...

The Task Force on National Infrastructure Pipeline (NIP) submitted its Final Report on NIP for FY 2019-25 to the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The Summary Report of the Task Force on National Infrastructure Pipeline for 2019-2025 has already been released by the Finance Minister on December 31st, 2019. Union Finance Minister Smt. Nirmala Sitharaman in ...

The Central Board of Direct Taxes (CBDT) responding to some observations being circulated on social media alleging that the Income Tax Department is pursuing recovery proceedings and using arm-twisting methods by adjusting outstanding demands of the start-ups, today stated that these observations are completely unfounded and are total misrepresentation of facts. The CBDT said that its email seeking clarification from ...

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.15/2020-CUSTOMS (N.T.), dated 20th February, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs hereby determines ...

Union budget proposes Rs. 22000 Crore for Power and Renewable Energy sector in Current FY National Gas Grid to be expanded from the present 16200 km to 27000 km Government to consider corporatizing at least one major port and its listing on stock exchanges Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman, while presenting the Union Budget 2020-21, ...

To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs. 100 lakh crore) over these years on infrastructure. In the past decade (FY 2008-17), India invested about $1.1 trillion on infrastructure. The challenge is to step-up annual infrastructure investment so that lack of infrastructure does not become a binding constraint on the growth ...

The Government has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. This was announced by the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitaraman during the Press Conference in Goa today. The Finance Minister elaborated  further , the salient features of these ...

The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act, 1961(the ‘Act’), which provides deduction for 100 per cent of income of an eligible start-up for 3 years out of 7 years from ...