A view on the financial world.
The Finance Minister of India, Nirmala Sitharaman announced the various measures of the 20 lakh crore relief package over five tranches. However, these also included the relief announced by the Finance Minister earlier and liquidity measured provided by the RBI. Here is the breakup of the INR 20 lakh crore package- However, as per …
Starting off with a genuine question, does mere deferment of taxes mounts to reliefs? The taxation reliefs provided in the "Aatmanirbhar India Economic Relief Package" may be more of the nature of deferment of incidence, rather than providing actual monetary relief. The Taxation Reliefs announced by Hon’ble Finance Minister are as follows :TDS/TCS Rate reduction …
Continue reading "Atmanirbhar Bharat: Taxation Relief – Is it a Real Relief?"
On 12th May 2020, India's honourable PM addressed the nation and announced an economic stimulus package of INR 20 lakh crore, amounting to ~10% of the country's GDP. The primary aim of the package was to make India self-reliant and self-dependant in terms of production and services. https://www.youtube.com/watch?v=P4QjOhu9eIQ This is how India compares to other …
Continue reading "Atmanirbhar Bharat- A 20 lakh crore project underway- All you need to know"
The story of Yes Bank is one which will be remembered by the investors, the bankers and especially the account holders for what it transpired to. It not only revealed the flaws in the banking system of our country, but it also has made the general public vary of the notion that the money in …
Continue reading "The Chronicles of Yes Bank- All you need to know"
During the presentation of the Fiscal Budget, the Finance Minister announced revised slab rates of taxation for individuals, which are lower than the prevailing rates. However, there is a certain catch to it. Under the new rates, the assessee has to forego certain exemptions and deductions while computing the taxable income. Hence they might actually …
The Finance Minister of our country presented the Union Budget on 1st February 2020. Certain hopes would have burdened the back considering the lacklustre GDP growth of 4.5% of in the September quarter; the slowest since March 2013 and below expectation revenue collections, which would be impacted by the tax rate cut in September 2019. …
Continue reading "Budget 2020- Key highlights and takeaways."
Monday- 18th March 2019 Mukesh Ambani helped his brother Anil from imprisonment by paying money owed by him to Ericsson. The bailout came in critical time as Tuesday was the deadline for Anil’s RCom to clear ₹580 crore due to the Swedish equipment maker. L&T has bought a 20.32% stake in Mindtree for ₹3,269 crore …
