Search For "fiscal"
Indian economy to grow 6.5 pc in FY19, 7.2 pc in FY20: ADB
Updated : 6 years, 5 months ago IST
Tokyo [Japan], Sep 25 (ANI): The Asian Development Bank (ADB) has revised its outlook for India's economy with growth now expected at 6.5 per cent in fiscal year (FY) 2019, following weaker expansion in the first quarter of the year with slower growth in consumption and investment affecting
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Equity indices extend Friday's rally but IT stocks lose
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sep 23 (ANI): The rally on bourses continued during early hours on Monday with heavy buying by foreign institutional investors (FIIs) as well as domestic traders after the government on Friday announced big-bang fiscal stimulus on corporate tax cuts.
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Corporate tax cuts will take India forward on the path of progress: Piyush
Updated : 6 years, 5 months ago IST
Dubai [UAE], Sept 21 (ANI): Union Commerce and Industry minister Piyush Goyal on Saturday hailed the Central government's decision to reduce the base corporate tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth.
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Corporate tax reduction is credit positive for companies, but increases go
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sep 21 (ANI): The government's decision to reduce the base corporate tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth is credit positive for companies because it will enable them to generate higher post-t
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Sensex zooms over 2,000 points after government announces fiscal measures
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sept 20 (ANI): Equity indices surged by over 5 per cent to record highs as Finance Minister Nirmala Sitharaman slashed corporate taxes and announced a Rs 1.45 lakh crore stimulus to shore up growth and investments.
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Domestic corporate tax rate slashed to 22 pc, 15 pc for new manufacturing
Updated : 6 years, 5 months ago IST
Panaji (Goa) [India], Sep 20 (ANI): Bringing in tax cuts and fiscal reliefs through an ordinance, the government on Friday slashed domestic corporate tax to an effective 25.17 per cent, inclusive of all surcharges and cess, in a bid to promote growth and investments amid economic slowdown
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Effective corporate tax rate after surcharge to be 25.17 pc: Sitharaman
Updated : 6 years, 5 months ago IST
Panaji (Goa) [India], Sept 20 (ANI): To promote growth and investments in the country, Union Finance Minister Nirmala Sitharaman on Friday announced to slash the corporate tax rates for domestic companies and stated that a new provision has been inserted in the Income Tax Act with effect
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ADB to approve $350m loan for Pak's energy sector reforms
Updated : 6 years, 6 months ago IST
Islamabad [Pakistan], Sep 14 (ANI): The Asian Development Bank (ADB) has decided to shortly approve a loan worth USD 350 million for reforms and financial sustainability programmes that aims to address fiscal, governance, technical and policy deficits in Pakistan's energy sector.
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Pakistan's trade deficit falls by 38 pc in July-August
Updated : 6 years, 6 months ago IST
Islamabad [Pakistan], Sept 13 (ANI): Pakistan's trade deficit shrank by nearly 38 per cent in the first two months of the current fiscal year, driven largely by a decline in imports of non-essential luxury items.
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Domestic passenger traffic growth subdued in 4M FY20: ICRA
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 13 (ANI): The domestic passenger traffic growth during first four months of the current fiscal year (April to July) witnessed year-on-year growth of a mere 1.6 per cent primarily due to end of the tourist season, according to investment information firm ICRA.
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Centre constitutes Task Force for drawing up National Infrastructure Pipel
Updated : 6 years, 6 months ago IST
New Delhi (India), Sept 7 (ANI): The Central government on Saturday constituted a task force for drawing up the National Infrastructure Pipeline (NIP) of Rs 100 lakh crore from the fiscal year 2019-20 to 2024-25.
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Sensex crashes by 770 points on dismal macro data, Nifty PSU bank down by
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 3 (ANI): Equity benchmark indices suffered bruising losses on Tuesday in all-round selling led by bank, financial, metal and auto stocks after the government last week reported 5 per cent GDP growth during the first fiscal quarter of April to June.
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