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Money

Business and Finance

Economists suggest IBC-type law for NBFCs, push for e-comm for jobs

The economists suggested that this Budget should set the tone for the next five years, and that it is a unique opportunity to promote manufacturing through 'Make in India'.

Government should frame tax-friendly SEZ policy: Nasscom

Establishing a tax-friendly SEZ policy for the next 20 years would help retain existing tax benefits as well as continue to generate employment while increasing foreign exchange earnings.

Several large infra, power and construction firms stare at severe financial distress

According to the PCG Research reports, companies such as Adlabs Entertainment, Ashoka Buildcon, Bombay Dyeing, have debt to equity ratio at unsustainable high levels.

Traders union CAIT releases White Paper on GST, urges FM to lower rates

CAIT said in the paper that various items like auto parts, aluminium utensils etc., are not of luxurious nature (and) should be taken out from 28% tax slab.

FDI in India grew by 6% to $42 billion in 2019: UNCTAD

Globally India ranks ninth as an FDI recipient.

Big businesses unlikely to get corporate tax relief this budget

Industry has pitched for gradual reduction in corporate tax to 25% from the current 30%, however, the government is in no mood to relent given its financial position.

London-based AdiGroup still interested in Jet, but says will only wait 48 hours

According to industry insiders, AdiGroup which was one of the unsolicited bidder is still interested to form a partnership with Etihad to operate Jet Airways.

Govt rebuts overestimation of GDP growth, says right methodology was used

The rebuttal comes after Ex-CEA Arvind Subramanian said GDP growth between 2011-12 and 2016-17 was over-estimated and was around 4.5% as against reported 7%.

With no backers and an insolvency plea, is it end of the road for Jet Airways?

Two of Jet Airway’s suppliers moved NCLT and sought for insolvency proceedings to be brought against Jet Airways.

India's GDP growth was overestimated from 2011-17, says former CEA: 4 things to know

According to former Chief Economic Adviser Arvind Subramanian’s research paper, the GDP growth was actually only 4.5%, as against the reported growth of 7%.