Investment

India has proposed to impose the world’s highest surcharge on income tax of rich and super-rich which will see the wealth movement out of the country for tax-havens.

The 2019-20 Budget is a mega investment-oriented initiative with a strong focus on scaling up rural infrastructure and demand along with slew of tax simplification measures, aimed at boosting growth, maintaining high level of fiscal discipline, said ASSOCHAM President B.K....

Right amount of stimulus in the 2019-20 Budget would unleash the animal spirits, fire up the economy, and the move to provide 25% corporate tax to a large number of companies would see corporate earnings ploughed back in the investments.

The 2019-20 Budget has a clear action plan for making of a US$5 trillion economy over the next few years, said the Federation of Indian Chambers of Commerce and Industry (FICCI) President Sandip Somany.

In a significant development, import of Defence Equipment not manufactured in India has been exempted from Basic Customs Duty under the Budget 2019-20 tabled in Parliament on 5 July 2019 by Finance Minister Nirmala Sitharaman.

Transport sector has been allocated enhanced outlay of Rs.83,000 crore in the Union Budget presented on 5 July 2019, which the Finance Minister said will help carry out a comprehensive restructuring of National Highway Programme to ensure that the National...

Overall, the Budget 2019-20 is a balanced one with more of a long-term vision as a follow-on of the Interim Budget. It has obviously been formulated to restore confidence in the India growth story, as a whole, and more importantly...

Strategic disinvestment of select CPSEs will continue to remain a priority of the Government, retaining less than 51% stake under a modified policy, said Finance and Corporate Affairs Minister, Nirmala Sitharaman while presenting Union Budget 2019-20 in Parliament on 5...

Innovation is a currency of the future and India needs to start working in a focused manner on creating a strong innovation culture, said Dhotre Sanjay Shamrao, Minister of State, Ministry of Electronics & Information Technology.

The Federation of Indian Chambers of Commerce and Industry (FICCI) has launched its new initiative 'FICCI Future- X' platform that aims to elucidate Industry 4.0 technologies, highlighting the opportunities and challenges for students and faculty, through Future Talks, Capacity Building...