E-commerce cos to collect 1% TDS from sellers under new levy
The amendment will take effect from April 1, 2020. – The Hindu – Economy
Month: February 2020
Govt intends to remove all income tax exemptions in long run: FM
Additional capital will be provided to public sector banks as and when required. – The Hindu – Economy
100 More Airports To Be Developed By 2025: Nirmala Sitharaman
Presenting the Budget for 2020-21, Ms Sitharaman said Rs 1.7 lakh crore has been provided for transport infrastructure in 2020-21. – NDTV Profit – Latest
FM proposes to cut withholding tax to boost listing of bonds at IFSC exchange
The move will attract more international investors at IFSC exchange. – Stocks-Markets-Economic Times
Cement companies are likely to report incremental demand from rural areas
According to industry estimates, infrastructure provides 15 per cent of the total cement demand. – Stocks-Markets-Economic Times
Bear hug: Rs 3,50,000 crore wealth wiped out as Sensex dives 988 points
Market participants gave a big thumbs down to Finance Minister Nirmala Sitharaman’s Budget. – Stocks-Markets-Economic Times
Infra companies with swift execution record to gain
There will be 6,500 projects spread across related sectors. – Stocks-Markets-Economic Times
New I-T regime likely to prove value-dilutive for LIC IPO plan
Adoption of new income-tax regime would not be rapid, said Jiten Parmar. – Stocks-Markets-Economic Times
Insurance stocks tank up to 10% as FM disappoints on exemptions
Street was expecting further tax exemptions from the Finance Minister in the budget. – Stocks-Markets-Economic Times
Budget below par; unclear on fiscal deficit front, says D-Street
Fiscal deficit at 3.5% for FY 2021 in line with market expectations, says Lakshmi Iyer. – Stocks-Markets-Economic Times