India Inc applauds govt's measures to revive the economy

NEW DELHI: India Inc applauded on Friday the large number of measures announced by the government covering a wide range of sectors and said that shocking interventions will strengthen confidence and revive animal spirits in the economy that began to show signs of a deep slowdown .

Addressing a press conference here, finance minister Nirmala Sitharaman He said that all pending GST refunds to micro, small and medium enterprises (MSMEs) to date will be paid within 30 days, while future refund issues will be resolved within 60 days.

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Prime Minister condoles demise of Arun Jaitley

PM Narendra Modi condoled demise of Arun Jaitley. The PM spoke to his wife, Sa ngeetha and son, Rohan and expressed his condolences. The Prime Minister said that Arun Jaitley Ji was a political giant, towering intellectual and legal luminary. "He was an articulate leader who made a lasting contribution to India. His passing away is very saddening", the PM adeed. The PM further said, "Full of life, blessed with wit, a great sense of humour and charisma, Arun Jaitley Ji was admired by people across all sections of society. He was multi-faceted, having impeccable knowledge about India’s Constitution, history, public policy, governance and administration." Remembering Shri Jaitley, PM Modi said that during his long political career, Arun Jaitley Ji held multiple ministerial responsibilities, which enabled him to contribute towards India’s economic growth, strengthening our defence capabilities, creating people friendly laws and enhancing trade with other nati...

Sitharaman's Big Announcements For Ailing Auto Sector

By: Express Drives Desk In her media address today, Union Finance Minister Nirmala Sitharaman clarified that vehicles compliant to BS IV emissions standards sold till March 2020 will be valid and will remain legally operational. She went on to speak about the proposed increase in one-time vehicle registration fee, saying that the proposal has been pushed back to June 2020. Furthermore, the ban on the purchase of new vehicles for government departments will be lifted, promoting the replacement of old government vehicles with new ones. The FM has also clarified that both EVs and ICE vehicles will continue to be registered in future also. Bringing the focus on depreciation value of vehicles and scrappage, Sitharaman said that depreciation will be increased to 30% for all vehicles and that the government will work on formulating a scrappage policy for old vehicles, adding that currently, India does not have the infrastructure for it. In July 2019, the Ministry of Ro...

Enhanced surcharge on capital gains withdrawn: Sitharaman

In a presentation made by Union Finance & Corporate Affairs Minister Nirmala Sitharaman, the government highlighted measures to boost Indian Economy. Click here to see FM Presentation:

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