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Quarterly GST returns for businesses with Rs 5 cr turnover: Budget 2019-20
The Budget proposes to move to an electronic invoice system, to be rolled out from January 2020, wherein invoice details will be captured in a central system at the time of issuanceRead more
New-age skills AI, robotics, IoT to be promoted: Budget 2019-20
Under Stand-Up India Scheme, which has been extended till 2025, banks will provide financial assistance for businesses, including for acquisition of scavenging machines, robotsRead more
Budget 2019-20 proposes PPP model for faster development of railways
It is estimated that Rs 50 lakh crores will be needed for railway infrastructure between 2018 and 2030, while capex outlays of Indian Railways are around 1.5 to 1.6 lakh crores per annumRead more
EV buyers to get benefit of additional IT deduction of Rs 1.5 lakh: Budget 2019-20
To further incentivise e-mobility, budget 2019-20 has exempted customs duty on certain auto components (parts) of electric vehiclesRead more
Budget announces changes in customs duty for some products
Import of defence equipment, currently not manufactured in India, are being exempted from the basic customs duty, said Finance Minister Nirmala SitharamanRead more
Budget 2019-20 allocates Rs 350 cr under Interest Subvention Scheme for MSMEs
To provide domestic industry a level playing field, basic customs duty has been increased on items such as PVC, metal fitting, auto parts, optical fibre cable, CCTV camera, IP camera, etcRead more
Budget 2019-20 should incentivise biofuel production: Pramod Chaudhari
According to Pramod Chaudhari, Chairman, Praj Industries, the budget should encourage industries to renew their focus on research and innovation to maintain an edge in the market Read more
To become $5 tn economy, India needs to grow at 8%: Economic Survey
The survey, presented a day before Budget 2019-20, recommends creating a virtuous cycle encompassing private investment, jobs, exports Read more
We expect budget 2019-20 to give boost to railways: Suramya Nevatia
In the interim budget, railways got the highest-ever allocation for the year 2019-20, says Suramya Nevatia, CEO, Hind Rectifiers LtdRead more
IEEMA expects measures to boost electrical equipment industry growth in budget
The apex association has recommended favourable tax structure to reduce manufacturing cost, zero basic customs duty on imports of CRGO Steel and amorphous alloy ribbon, etc.Read more