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Another stimulus shot to lift Covid-battered economy

Express News Service NEW DELHI: The finance ministry on Monday announced a slew of measures to help the Covid-battered economy, including fresh credit for MSMEs, and targeted support to the healthcare and tourism sectors. The package includes Rs 1.10 lakh crore of credit guarantee scheme, of which Rs 50,000 crore will be for the healthcare sector, with a three-year single loan of up to Rs 100 crore carrying an interest of 7.95%. Loans to other sectors such as tourism and hospitality would come at 8.25% per annum interest rate. Special support was given to the hospitality sector in the form of retail loan worth Rs 10 lakh to travel agencies and Rs 1 lakh loan for registered tourist guides.

Nirmala sitharamanAnuradha shuklaAditi nayarSiddharth sanyalAatmanirbhar bharat rozgar yojanaBandhan bankNews serviceMinister nirmala sitharamanEmergency credit line guarantee schemeஅனுராதா சுக்லாசித்தார்த் சன்யால்பந்தன் வங்கிசெய்தி சேவைஅவசரம் கடன் வரி உத்தரவாதம் திட்டம்

Agreement on global digital tax likely to boost India-US trade negotiations

Express News Service NEW DELHI: The success of global tax treaty will pave the way for the India-US trade negotiations which were stuck over digital tax, officials in Commerce Ministry claims.“The digital tax imposed on large US multinationals like Google, Facebook, Amazon was one of the stumbling block during the trade negotiations between the two countries. After the success of global tax treaty, this matter will be automatically resolved and will pave way for fresh negotiation,” a senior official from commerce ministry said. India imposed a 2% equalisation levy starting in April last year on earnings in the country by foreign technology and e-commerce companies like Amazon, Facebook and Google. It was opposed by the administration of former President Donald Trump, and he flagged the concerns many times, stopping trade negotiations. In 2018, Trump imposed 25% duties on steel and aluminium imports from India. In 2019, Trump withdrew the special treatment for some Indian e

United kingdomNew delhiCzech republicAnuradha shuklaDonald trumpKatherine taiCommerce ministryDelhi digital services taxEuropean unionNews servicePresident donald trumpGeneral systemRepresentative katherine taiDigital services taxஒன்றுபட்டது கிஂக்டம்புதியது டெல்ஹி

India agrees to international framework on taxing MNCs like Google, Facebook

Express News Service NEW DELHI: India has extended its support for an international tax framework, which calls for global minimum corporate tax of 15% and makes way for countries to tax multinationals, especially tech giants like Google, Facebook and Amazon, on their earnings there. According to finance ministry officials, India will be able to tax big MNCs doing business in the country without having physical presence here up to 20% of their profits. In 2017-18, the Indian operations of Google and Facebook reported total revenues of Rs 9,800 crore ($1.4 billion). Their tax payments were Rs 240 crore ($38 mn) primarily on income.According to sources, India may have to let go of the 2% equalisation tax levied on these firms, which is also a major hurdle in the trade negotiation between the US and India.

United statesAnuradha shuklaJanet yellenJoe bidenNews serviceTreasury secretary janet yellenஒன்றுபட்டது மாநிலங்களில்அனுராதா சுக்லாஓஹோ பிடென்செய்தி சேவை

Govt confident on fiscal deficit, rules out extra borrowing- The New Indian Express

Govt confident on fiscal deficit, rules out extra borrowing- The New Indian Express
newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.

Nirmala sitharamanAnuradha shuklaNews serviceCare ratingsஅனுராதா சுக்லாசெய்தி சேவைபராமரிப்பு ரேடிஂக்ஸ்

I-T returns: What s new this year?- The New Indian Express

I-T returns: What s new this year?- The New Indian Express
newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.

Anuradha shuklaBhuta shahAarti raotePitam goelHealth insuranceTattvam coNews serviceCentral boardDirect taxesIncome tax returnHarsh bhutaExempted incomePartner deloitte indiaஅனுராதா சுக்லாபூட்டா ஷாஆரோக்கியம் காப்பீடு