lakh crore news

Kunwar Vikram Singh led CAPSI has been successfully representing the private security industry in India

It is CAPSI that persistently persuaded the government for the enactment of the Private Security Agency Regulations Act of 2005.

Himachal raises ₹1,000 cr loan for development, paying salaries

The state has estimated a revenue loss of ₹32,000 crore over the past seven months due to the pandemic

Why the GST framework is in trouble

The switch to the Goods and Services Tax (GST) in July 2017 was a historic moment in India’s fiscal trajectory. It scrapped a plethora of central and state taxes and paved the way for a uniform tax regime and a common market across the country. Ideally, there should have been fewer GST slabs, but the idea was always to move to this once the regime stabilised.

Banks sanctioned ₹1.5 lakh crore easy loans to small enterprises

The scheme provides for an easy additional working capital loan at a concessional rate of interest to an existing borrower who is not a defaulter

Govt launches ‘Manodarpan’ to provide psychological support to students, teachers

Union Finance Minister Nirmala Sitharaman on Sunday launched Manodarpan, an initiative to provide psychological support and counselling to students, teachers and families for mental health and emotional well-being.

WATCH LIVE: Finance minister Nirmala Sitharaman announces 4th tranche of measures for Covid-hit nation

All the interventions made under the Aatma Nirbhar Bharat Special Package have so far stuck to the theme of a self-reliant India introduced by Prime Minister Narendra Modi.

Boosting the economy

Putting money in the hands of individuals, businesses is key

Allocate resources, rationally and efficiently

Give money to state governments, protect the vulnerable sections, and don’t be hostile to businesses

Why PM Modi’s address is historic

Overcoming conservative impulses within the establishment, he has paved the way for reforms

PM Modi announces stimulus package of ₹20 lakh crore for Covid-hit economy. Read full speech text here

Prime Minister Narendra Modi said the coronavirus pandemic has presented India with an opportunity to become self-reliant and to emerge as the best across the world.

India needs a strong fiscal stimulus

Plan for a ₹20 lakh crore-stimulus. It is needed for both immediate relief and economic revival

8 big announcements made by Finance Minister in Covid-19 relief package

The government has imposed a lockdown to check the spread of coronavirus disease Covid-19. For people facing difficulties due to this lockdown, Finance Minister Nirmala Sitharaman today announced a relief package.

In Punjab budget, Amarinder Singh govt reduces retirement age to 58 years

BUDGET 2020-21 Manpreet Badal announces that Punjab will provide free education in government schools to all students up to Class 12; earmarks ₹2,000 crore for farm loan waiver, including ₹520 crore for waiving loans of landless and farm workers

Unable to complete targets, Chandigarh asks Centre to revise smart city plan

Chandigarh Smart City Limited has proposed the smart city plan’s revision from ₹6,500-crore to ₹2,300-crore

Sukhbir’s praise for Union Budget a case of sycophancy: Amarinder

Budget 2020: Tactics over strategy

There are questions about fiscal deficit, tax reforms and expenditure management

Budget 2020: Focus on growth

Address unemployment, boost demand, push policy reforms

Ensure GST collection is Rs 1.1 lakh crore every month, government tells officials

Taxmen have been told that the corporate tax relief worth Rs 1.45 lakh crore should not be taken as an excuse for lesser direct tax collection target.

The government’s corporate tax move is bold. But there is a fiscal risk | Opinion

It will potentially leave investors with more money, make firms competitive, and boost consumption

Investors become richer by nearly ₹7 lakh cr in a day on FM’s tax booster

The bull market led the market capitalisation of the BSE-listed companies to soar ₹6,82,938.6 crore to ₹1,45,37,378.01 crore in single day.

On first official tour to US, E Palaniswami signs MoUs worth ₹2780 Cr at investors’ meet

The CM also recalled that Global Investors’ Meet, hosted by the TN Government in January, had attracted 304 MoUs worth ₹3 lakh crore.

Bains flags off mobile hospital van to flood-hit areas

Bains said NGOs such as Eknoor Sewa Society and some private hospitals are helping in flood-hit areas

‘Unfit govt, unfit economy’: Congress mocks Modi in tweets

Another meme posted by the party showed Modi crushing the rupee with his yoga posture. The meme was accompanied by a Hindi couplet criticising Modi.

‘Stealing from RBI won’t work,’ says Rahul Gandhi on Centre borrowing ₹1.76 lakh crore from the central bank

The Reserve Bank of India’s board approved the record payout on Monday, which includes a dividend of 1.23 trillion rupees and 526.4 billion rupees from its surplus capital.

Yogi Adityanath urges opposition parties to help make UP trillion dollar economy

Adityanath said Prime Minister Narendra Modi had talked about making the state a trillion dollar economy at the UP Investor’s Summit-2018.

UP’s supplementary budget focuses on infra projects

The supplementary budget has proposed Rs 2,175.46 crore for urban development, Rs 2,093.08 crore for infrastructure, Rs 850 crore for the Purvanchal Expressway, Rs 1,150 crore for the Bundelkhand Expressway, Rs 905.36 crore for the energy sector and Rs 834.84 for the irrigation department.

Govt, RBI monitoring NBFC crisis : FM Nirmala Sitharaman

The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets.

Defence allocation same as interim budget, customs waiver for imports

The armed forces will have to prioritise their purchases for optimal utilisation of the available resources, said a senior army official who did not want to be named.

Budget 2019: Govt to infuse Rs 70,000 crore into state-owned banks

Unveiling Budget 2019-20, Nirmala Sitharaman said non-performing assets of PSBs have come down by Rs 1 lakh crore.

2 years on, a look at the hits and hurdles of Goods and Services Tax

Implementing a radical and universal reform in an economy as large as India is bound to witness teething troubles and GST did. Two years after it was implemented, the question is whether GST is moving towards its promise of improving tax collections and removing bottlenecks to trade.