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CBDT issues clarification on the new provision in Finance Bill 2020

February 2, 2020 10:01 PM

CBDT issues clarification on the new provision in Finance Bill 2020

Central Board of Direct Taxes has said that The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India if he or she is not liable to be taxed in any country or jurisdiction.  It said that the new provision in Finance Bill, 2020 is not intended to include in ta...

US industry leaders hail Union Budget presented by FM Sitharaman

February 2, 2020 2:47 PM

US industry leaders hail Union Budget presented by FM Sitharaman

The US industry leaders have hailed the Union Budget presented by Finance Minister Nirmala Sitharaman yesterday. They say it will improve the ease of doing business in India and attract more foreign direct investment. President of US-India Strategic and Partnership Forum, USISPF, Mukesh Aghi said de...

Indian economy is not in recession asserts IMF MD

February 2, 2020 8:13 AM

Indian economy is not in recession asserts IMF MD

IMF Managing Director Kristalina Georgieva has asserted that Indian economy is not in a recession. She told a group of foreign journalists in Washington yesterday that the Indian economy indeed experienced an abrupt slowdown last year adding that the IMF had to revise growth projections, downwards. ...

Gross GST collection for January cross Rs 1 lakh cr

February 1, 2020 11:33 AM

Gross GST collection for January cross Rs 1 lakh cr

Ahead of the Budget presentation today, a remarkable growth in GST collection for last month has been reported by Finance Ministry. GST revenues during the month of January from domestic transactions showed a growth of 12% over the revenue during the month last year. Taking into account the IGST col...

India bans exports of all kinds of personal protection equipment

February 1, 2020 8:35 AM

India bans exports of all kinds of personal protection equipment

India has banned exports of all kinds of personal protection equipment, including clothing and masks used to protect people from air borne particles. The move assumes significance as there could be a spurt in demand for such products due to outbreak of novel Coronavirus that has claimed more than 20...

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