Page 21 - Development Cess News Today

Budget 2021: Customs duty hike to make ACs, mobile phones, spandex expensive but gold, silver, nylon get cheaper Air conditioners and refrigerators could get expensive by 2.5 percent in the short term because the customs duty on its key component compressors has been hiked to 15 percent. February 02, 2021 / 10:35 AM IST Duty on shrimp feed in increased to 15% from 5%. Customs duty on cotton raised to 10% from nil. The new Customs Duty structure will be put in place by October 1, 2021. Impo...

Budget 2021 | Changes in customs duty may affect commodity prices: Ravindra Rao of Kotak Securities For the commodities market, there has been no change in commodities transaction tax. We have however seen few changes in customs duty which may affect commodity prices. gold_silver_bars Indian government announced its annual Budget today, February 1, and the general positive reaction in the equity market and stable Indian rupee indicated that market players have reacted positively. As for the com...

Growth push scores over prudence The fiscal loosening, it is hoped, will boost growth and lead to more jobs The Budget announcements by the Finance Minister, made in the background of the pandemic, have largely been on expected lines expect that the fiscal deficit number has turned out to be much larger than expected. The expectation was that the fiscal deficit in the current year would be 7.5 per cent, which turned out to be 9.5 per cent of GDP. For 2021-22, the expectation is that the budget...

A bump in the road Updated: Updated: December 13, 2020 22:13 IST With the rain accompanying Nivar damaging majority of the roads in the State, including highways, the authorities have identified 3,110 km of roads for repair Share Article AAA With the rain accompanying Nivar damaging majority of the roads in the State, including highways, the authorities have identified 3,110 km of roads for repair Gunadala resident R. Pruthviraj starts early for work these days. It is not because of an increas...