A view on the financial world.
The Union Budget of 2021 had everyone’s attention as the country was recovering from the economic impact of pandemic and lockdown imposed consequently. Though the recent IMF forecast for India’s GDP growth was a positive, it was to be seen whether the budget would prove to be a catalyst or hindrance to such growth. The …
Continue reading "Union Budget 2021- Key Takeaways – Everything You Need to Know"
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 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."
The Financial Lens 