Day: August 30, 2019

CBDT constitutes Start-up Cell for redressal of grievances related to Start-ups

open view news desk One of the measures pertaining to taxation announced by the Hon’ble Finance Minister as part of the several measures to boost the economy, was the withdrawal of ‘Angel Tax’ provisions for Start-ups and their investors. As part of the measures for mitigating the genuine […]

India’s fiscal deficit crosses 77% of budgeted target in first four months of 2019/20

NEW DELHI – India’s fiscal deficit in the four months through July stood at 5.48 trillion rupees ($76.65 billion), or 77.8% of the budgeted target for the current fiscal year, government data showed on Friday. Net tax receipts in the first four months of the fiscal year were […]

India’s GDP growth slows to 5.0%, more stimulus expected

NEW DELHI – India’s economy expanded at its weakest pace in more than six years in April-June, as consumer demand and private investment slowed at a time when global trade frictions have dampened business sentiment. Asia’s third largest economy grew at a slower-than-expected 5.0% in the latest three-month […]

India announces series of state-run bank mergers in bid to revive growth

NEW DELHI – India announced a series of mergers involving 10 state-owned banks on Friday, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth. The mergers, which cut to 12 the total […]

Assam on alert ahead of publication of citizenship register

GUWAHATI, India – Tens of thousands of paramilitary personnel and police were deployed in the border state of Assam on Friday, the eve of the publication of a citizenship register that could leave millions of people stateless, many of them Muslims. For the last four years, residents of […]

CBDT notifies creation of special cell for startups

New Delhi, Aug 30: The CBDT on Friday notified creation of a five-member special cell to address the grievances of startups with relation to angel tax and other tax-related issues. An order issued by the Central Board of Direct Taxes (CBDT) said the ‘Startup Cell’ will be headed by […]

Man held for cheating Maha woman by posing as mystic

Nashik, Aug 30: A 23-year-old man has been arrested from Delhi by Maharashtra police for allegedly posing as a mystic and enchanter and duping a woman in Nashik of several lakh rupees, an official said on Friday. Niraj Bhargav, a resident of VN Naik Colony here, has several social […]

Man booked for sending threatening mails to bank manager

Gorakhpur (UP), Aug 30: A person was booked for sending threatening emails to the manager of a nationalised bank here, police said on Friday.  Central Bank of India regional manager Lal Bachcha Jha received the emails on Wednesday night, following which a case was registered on the written application […]

Who is your CM candidate against Kejriwal, AAP asks BJP

New Delhi, Aug 30: Seeking to corner the BJP, the Aam Aadmi Party on Friday sought to know from it its chief ministerial candidate who will take on Arvind Kejriwal in Delhi. In a letter to BJP leader Vijay Goel, AAP’s Rajya Sabha MP Sanjay Singh posed three questions […]

Centre has intimidated country through ED, CBI: Gehlot

Jaipur, Aug 30: Rajasthan Chief Minister Ashok Gehlot on Friday said there is an undeclared emergency in the country and the Centre has intimidated the entire nation through ED, CBI and Income Tax Department. His comments came shortly after senior Congress leader D Shivakumar said the Enforcement Directorate (ED) […]

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