Finance

Lok Sabha passes Finance Bill 2019

The Lok Sabha has passed the Finance Bill, 2019 that gives effect to the proposals of the Central Government for the year 2019-2020. Explaining the proposed amendments in the taxation Acts, Finance Minister Nirmala Sitharaman pointed out that the said amendments will promote ‘Make in India’ and Startups. On the incentives being provided for Electrical Vehicles, she said that the ... Read More »

Demands for Grants, Finance Bill may escape scrutiny of Parliamentary panels

Almost half of the budgetary exercise is over, but Parliament is yet to see formation of department-related standing committees (DRSC). This means Demands for Grants and the Finance Bill will not be vetted by DRSCs as of now. The Lok Sabha is scheduled to take up the Finance Bill for consideration and passage during the week starting July 15. There ... Read More »

Gag on media freedom: Journalists condemn finance ministry restricting entry of journalists into North Block

After the finance ministry put in place restrictions on media from entering the North Block, a tug of war has ensued between Finance Minister Nirmala Sitharaman and reporters. According to the new rules, the finance ministry issued a notice which read, “Entry of media persons, including those holding a PIB accredited card will be on the basis of prior appointment.” ... Read More »

Watch | The Budget Roundtable with Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman. (Photo: PTI) India Today TV is hosting The Budget Roundtable with Finance Minister Nirmala Sitharaman on Monday night. India Today TV News Director Rahul Kanwal will act as the moderator for the roundtable, which is being held at the Oberoi Hotel in Delhi. Also taking part in the roundtable will be managing director of Kotak Mahindra ... Read More »

After dividend distribution tax, Finance Minister ends tax avoidance via buyback route

Finance Minister Nirmala Sitharaman has proposed closing the buyback route used by corporates to avoid paying taxes. Earlier, corporates used to prefer using the buyback route after the government levied a dividend distribution tax of 10 percent in 2007, which was further hiked by a similar quantum in 2016. In the last three years, more than 170 companies have bought back shares worth ... Read More »

Here’s what the MSME ecosystem expects from Finance Minister Nirmala Sitharaman’s Union Budget

Finance Minister Nirmala Sitharaman is all set to present her first Union Budget on July 5, 2019. With the Bharatiya Janata Party (BJP) in power and expectations running high for Modi 2.0, small businesses around the country are watching with bated breath. When the Interim Budget was presented by then-Finance Minister Piyush Goyal in February 2019, he allocated the MSME sector an all-time high Rs 7011.29 crore. Nirmala ... Read More »

Number of bank fraud declines to 6,735 in 2018-19, says FM Nirmala Sitharaman

The bank fraud incidence involving over Rs 1 lakh has declined to 6,735 in 2018-19 as compared to 9,866 in the previous fiscal, Parliament was informed Tuesday. The bank fraud incidence involving over Rs 1 lakh has declined to 6,735 in 2018-19 as compared to 9,866 in the previous fiscal, Parliament was informed Tuesday. During 2018-19, as many as 6,735 ... Read More »

Reliance Home Finance falls 7% on extending maturity of NCDs of Rs 400cr

Shares of Reliance Home Financeshed 7.3 percent in the early trade on July 1 after the company extended maturity on certain NCDs of Rs 400 crore. The company in its press release dated June 29 said that in view of the continuing severe liquidity crisis in the sector, the maturity of certain NCDs of Rs 400 crore has been extended till October 31, ... Read More »

Ola plans to invest in Avail Finance

Bengaluru: ANI Technologies-owned Cab aggregator Ola plans to invest an undisclosed sum in Avail Finance as part of its deal with the latter to build financial solutions for its base of 1.5 million driver partners. Avail Finance said on Monday it had already raised $9 million in the Series A round led by Matrix Partners in addition to the proposed undisclosed sum from ... Read More »

Agriculture productivity ‘unacceptably low’ in Karnataka: 15th Finance Commission

Agriculture in Karnataka declined by 0.3 percent as incomplete irrigation projects dragged productivity in the sector, as per a report submitted to the 15th Finance Commission by the state. NK Singh, Chairman of the Commission, in a media address in Bengaluru said incomplete irrigation projects and lack of diversified crops were reasons for the ‘unacceptably low’ productivity. Singh said that given the ... Read More »