Free Press Journal
  • Chidambaram

    Chidu says economy going downward

    New Delhi : Congress leader P Chidambaram on Saturday took a swipe at the NDA government for claiming that the growth rate was better in its rule, saying it was lower than UPA’s 10 years average and was going downward.

  • Amid political row, Centre releases Rs 1269 cr for Andhra Pradesh projects

    Amaravati: The Centre has released a sum of Rs 1,269 crore to Andhra Pradesh under different heads in the last few days amid a strain in ties between the NDA and its ally TDP over allocation given to the state in the Union Budget. The gross grant included Rs 417.44 crore for the Polavaram multipurpose project, one of the issues of contention between the allies TDP and BJP.

  • Going Beyond Budget 2018 with DEA Secretary Subhash Chandra Garg

    This year’s Union Budget is the last budget before the 2019 general election. This could be a make or break exercise for the future of the Narendra Modi government. Even as Finance Minister Arun Jaitley gave one of the longest speeches ever, he failed to communicate the exciting times that lie ahead for most Indians as almost every segment of business undergoes a transformation. Subhash Chandra Garg, Economic Affairs

  • Corporate tax to fall once sops end: FM

    NEW DELHI : Finance Minister Arun Jaitley said on Monday that corporate tax rate can be brought down to the promised 25 per cent only after all the exemptions given to the industry have ended.

  • Cryptos feel the pinch as India, China tighten noose

    NEW DELHI : The government plans to regulate cryptocurrency exchanges to keep track of transactions conducted there, a top finance ministry official said on Monday.

  • Real assurances or hollow promises?

    The Finance Minister has said that because they only got 11 months of GST, the revenue collection is lower than they had budgeted for. While that is understandable, what seems somewhat hopeful is that there would an overall increase in GST collections next year.

  • Assocham wants RBI to refrain from hiking rates

    NEW DELHI : The RBI should refrain from raising interest rates owing to concerns about inflation being stoked by the pro-farm sector proposals of the Budget 2018-19, industry chamber Assocham said on Sunday ahead of the central bank’s final bi-monthly monetary policy review slated for this week. Presenting the Union Budget for the next fiscal year, Finance Minister Arun Jaitley announced that the Minimum Support Price (MSP) for notified kharif crops will

  • LTCG tax kitty to hit Rs 40k cr in FY20 – Adhia

    NEW DELHI : The union government hopes to double its revenue from long term capital gains (LTCG) tax on equities to Rs 40,000 crore in financial year 2019-20 as more share transactions come in its fold with the waning of the grandfathering effect, a top official said on Sunday.

  • No deductions if I-T returns filed late

    New Delhi : Finance Minister Arun Jaitley has quietly slipped in a draconian provision in the Union Budget presented on Thursday to deny all permissible deductions and exemptions to the taxpayer under the Income Tax Act if the returns are not filed by the specified due dates.

  • Air India likely to be divested by year-end

    New Delhi : The government expects to complete the privatisation of Air India by year-end and the winning bidder is likely to be known by the end of June, Union Minister Jayant Sinha said on Friday. The debt-laden carrier, which is staying afloat on taxpayers’ money, would be put up for sale as “four different entities”, while private players can have at least 51 per cent stake in the airline.

  • Long Term Capital Gains: Long-anticipated by investors but still dampening

    Mumbai: It was a talked about taxation yet is still disheartening for equity investors. With the decision to tax Long Term Capital Gains (LTCG), the Finance Minister Arun Jaitley has planned to add to government’s kitty around Rs 20,000 crore. But many long-term investors– at all levels, investing in equity, mutual funds (MFs) will soon start to feel a pinch.

  • Budget 2018 will boost overall economic growth, says FM Arun Jaitley

    New Delhi: In a rebuttal of the criticism of Budget 2018-19 pandering to the farm sector in a pre-election year at the expense of the middle class and the corporate sector, Finance Minister Arun Jaitley on Friday showed how his latest budget exercise is actually designed to boost overall economic growth with the help of all segments.