Economy
Commerce and industry minister Piyush Goyal highlighted the significant concessions and liberalisation planned for the single-brand retail sector so that more international companies can set up stores in India and expand their business. (Photo: File)
16 Jul 2019 7:23 PM

On multi-brand retail we are very clear as of now it's a 49 pc restriction for foreign investment, Goyal said.

Individuals who pay electricity bill of over Rs 1 lakh in a year, spend over Rs 2 lakh on a foreign tour or withdraw Rs 1 crore in a year in a bank account need to file ITR. (Representational Image)
16 Jul 2019 3:55 PM

You need to file ITR if your gross total income (excluding deductions) surpasses the exemption limit.

Tax rate of someone earning 20 million rupees up to 39 per cent, and for those earning more than 50 million rupees the rate climbs to at least 42.7 per cent.
16 Jul 2019 9:18 AM

Investors are threatening to pull funds from India unless rules are amended so that they won’t take a tax hit.

On the proposed direct tax code, PwC's Sandeep Ladda expected the new income tax law to emerge from the next year's Budget in February 2020. "It could be either a road map or the law itself." (Representational image)
15 Jul 2019 6:08 PM

(The government) has not provided specific proposals to boost exports, said PwC's Sandeep Ladda.

PMFBY provides comprehensive crop insurance from pre-sowing to post-harvest period against non-preventable natural risks at extremely low premium rate of 2 per cent for kharif crops, 1.5 per cent for rabi crops and 5 per cent for horticulture and commercial crops.
15 Jul 2019 5:52 PM

Among key changes, the ministry has suggested making the scheme voluntary to all farmers including loanee farmers.

Union Tourism Minister Prahlad Singh Patel said during Question Hour that the initiative has been taken under the Swadesh Darshan Scheme.
15 Jul 2019 1:52 PM

Tourism Minister Prahlad Patel said the ministry is developing infrastructure in circuits like tourist parks and tourism clusters.

Inflation in 'fuel and power' category cooled substantially to (-)2.20 per cent, from 0.98 per cent last month. (Representational Images)
15 Jul 2019 12:39 PM

WPI inflation in June is the lowest in 23 months, since July 2017, when it was at 1.88 per cent.

The proposed mobile app would be able to identify the denomination of notes of Mahatma Gandhi Series and Mahatma Gandhi (New) series by capturing the image of the notes placed in front of mobile camera, the RBI said while inviting bids from tech firms to develop the app.
14 Jul 2019 7:37 PM

RBI said identification of banknote denomination is key to successful completion of cash transactions by visually impaired persons.

According to JM Financial Institutional report, the government's new 'Nal se Jal' scheme, which aims to provide piped water connection to every household by 2024, will likely lead to a massive jump in the investment in water and sanitation. (Photo: Representational)
14 Jul 2019 4:51 PM

The investments would be made in verticals such as pipes, EPC, water treatment pumps, cement, among others, according to the report.

The main elements of the retail policy include promoting ease of doing business, licencing, access to funds, direct selling, and hyper-market related matters.
14 Jul 2019 12:23 PM

The policy will streamline the retail trade and promote ease of doing business in the retail sector.


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