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BUDGETARY SUPPORT FOR INDUSTRIES
Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...- India hands over Rs 2.5 billion cheque to Bhutan as 5th tranche towards Economic Stimulus ProgrammeIndia has disbursed the fifth tranche of Rs 250 crore for Bhutan's Economic Stimulus Programme, bringing the total released to Rs 1,250 cro...
- Karnataka supports 10,500 food processing units, creates up to 1 lakh jobs: KAPPECKarnataka is championing micro food processing, supporting over 10,500 units and creating up to one lakh jobs. The state is also a leading ...
- India, Russia prevented global economy from collapsing: IMEMO chiefRussia and India have forged a new global economic model, preventing global collapse and aiding the Global South with affordable resources....
- Northeast’s rise under PM Modi is one of India’s biggest success stories: Sarbananda SonowalThe Northeast region of India has transformed into a major economic growth hub; significant investments in infrastructure, digital connecti...
- Corporate India gets a call of duty and it's raring to goIn a dynamic shift, India's defence industry is witnessing a groundbreaking transformation where private corporations are spearheading pivo...
- Layoff realities: Why top performance doesn't guarantee job securityMany workers assume that strong performance ensures their position is safe. Yet, unexpected company changes like mergers or financial const...
- After winning poll battles, Modi has picked up a new fightAmidst rising crude oil prices and a weakening rupee, Prime Minister Modi has urged Indians to embrace austerity. His call to reduce fuel c...
- Jan Suraksha revamp: PMJJBY, PMSBY, APY may see increase in sum insuredThe government is contemplating a substantial expansion of insurance benefits within its renowned Jan Suraksha initiatives. This strategy i...
- Defence mutual funds surge up to 25% in a month. Should you invest now or wait for a correction?Defence mutual funds have surged up to 25% in a month, driven by geopolitical tensions. Experts advise against chasing this sharp rally, ci...
- No government financial support planned for fuel retailers' petrol, diesel, ATF lossesThe Indian government has declared its stance not to offer financial assistance to its state-run fuel companies, which are currently in the...
- Govt, corporates settle tax row over factories in hilly regionsA dispute between the govt and corporations operating factories in hilly regions has ended, with companies now eligible for GST refunds bas...
- Budget 2025: Industry body IH2A seeks increased budgetary allocation of $2.5 bn for NGHMIndia Hydrogen Alliance requests an additional USD 2.5 billion for the National Green Hydrogen Mission in the upcoming Budget. The funds wi...
- Budget 2018: Niti Aayog to establish National Programme on Artificial IntelligenceTo focus on research & development, this may be the only significant announcement made for the startup industry in Budget 2018.
- Coastal units may get sops for creating 10,000 jobsA budgetary support, which the finance ministry has to agree to, will do away with tax incentives that have become the norm of sorts.
- GST hits excise-free zones; pharma, FMCG companies worriedCompanies that outsource manufacturing to job workers in these states have petitioned the government saying the new restrictions may render...
- DIPP notifies rules for excise-free zone schemeBudgetary support of Rs. 27,413 crore for the scheme has been approved for a ten year period starting from the date of GST implementation J...
- Industrial units in hills to get budgetary support: Suresh Prabhu"A new scheme of budgetary support under GST regime to the units located in states of Jammu and Kashmir, Uttarakhand, Himachal Pradesh, Nor...
- Assam drafting law for preferential treatment to small scale industriesAssam government has also announced that it will come up with a scheme where small traders/ enterprise will be helped with initial fund of ...
- Cabinet approves Rs 70 cr for PSU employees' statutory duesAccording to the government, it was considered essential that the interim financial support from the government be provided so that the ope...
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