BOOST ECONOMY

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Good News For Employees

The increase in the wages of employees will reach the pre-pandemic level amid the recovery of the economy and the boom in business activities. This year 8.13 percent salary increase is expected. There may be a limited increase in the annual salary of employees of almost all sectors in 2022 as compared to the last …

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Budget 2022: Budget Should Be Focused On Boosting Consumption, Tax Exemption And Cheap Fuel Prices

Budget 2022: Budget Should Be Focused On Boosting Consumption, Tax Exemption And Cheap Fuel Prices

Only a few days are left for the presentation of the budget 2022. From common man to industries, all have high hopes from the Finance Minister. However, in the report of rating agency India Ratings, the government has also told the need to make some special provisions in the budget. According to the news of …

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Proud: India Shared Some Priorities Under Financial Co-operation Agenda in a Meeting with BRICS Finance and Central Bank Deputies

India hosted a Meeting of BRICS Finance and Central Bank Deputies virtually here today and was co-Chaired by Shri. Tarun Bajaj, Secretary Economic Affairs, Ministry of Finance, and Dr. Michael Patra, Deputy Governor, Reserve Bank of India. Other participants included BRICS Finance and Central Bank Deputies of Brazil, Russia, China and South Africa.

No Relief to GST Sector: Key Highlights of Union Budget 2021

No Major Relief to GST Sector: Key Highlights of Union Budget 2021

(1.) ITR filing exemption to citizens aged 75 years and above (only if income from pension and interest).

(2.) New period for re-opening of assessment for transparent tax system : Reopening of assessment period reduced from 6 years to 3 years except in the cases where tax evasion is 50 lakh or more (re-opening of assessment period is 10 years in these cases).

(3.) Constitution of Dispute Resolution Committee (for taxpayers having taxable income of 50 lakh and above and disputed income is 10 lakh).

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FM Nirmala Sitharaman announces fiscally prudent proposals to tune of Rs 73,000 cr to boost demand

Finance Minister Nirmala Sitharaman announced major schemes to boost demands in the country by nearly 73 thousand crore rupees. Ms. Sitharaman informed that the new proposals aim at giving a thrust of around 36 thousand crore rupees to the consumer demands by theLeave Travel Concession LTC Voucher and Festival advance scheme. Additionally she said, 37 …

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