Jayanta Roy Chowdhury

Budget 2021: Political hot potato Employees Provident Fund now taxable

It means anyone who earns more than Rs 20.83 lakh a year will see his or her interest on EPF contribution being taxed. 

02 Feb 2021

Union Budget 2021: Agriculture cess to leave states poorer

The rearrangement of taxes means that states will receive less money from the central coffers as central excise and customs duties are divided between the Centre and the states.

01 Feb 2021

Devil in budget fine print: Interest on EPF contributions above Rs 2.5 lakh a year to be taxed

Many salaried people have preferred to save through contributions to the Employees Provident Fund Organisation as this was EEE or Exempt, Exempt, Exempt.

01 Feb 2021

Budget 2021: Tightrope walk between higher spending and fiscal deficit

The Economic Survey released on Friday spoke about raising health expenditure by at least two-and-a-half times. 

31 Jan 2021

Survey sees V-rebound recovery of economy from sharp 7.7 per cent contraction, growth at 11 per cent

The Survey, an annual exercise in economic stocktaking and future policy prescriptions, drew lessons from the pandemic to strongly recommend raising healthcare spending from 1% to 2.5-3% of GDP.

30 Jan 2021

Triple headache: Job loss, paucity of investments, rising inflation top list of worries ahead of Budget 2021

Top finance ministry officials said they are aware that private sector investments are on pause as businesses have been waiting and watching how demand would pick up and cash flows ease.

29 Jan 2021

Vaccine diplomacy a game-changer for Pharma sector

In the years ahead, analysts and business historians would probably call this the defining moment of India’s economic diplomacy.

24 Jan 2021

Budget 2021 likely to reduce number of import tax slabs, raise customs duty of finished goods

Top finance ministry officials also confirmed that many items will see duties increased 'to erase most inverted duty structures that exist.'

20 Jan 2021

Government mulls extending interest subvention scheme for MSMEs

The cental government is mulling extending the interest subvention scheme for MSMEs by another six months beyond the March 31, 2021 deadline as part of its budget proposals.

17 Jan 2021

India Inc revenue rises in Oct-Dec quarter, but inflation remains a drag

Early results have shown India Inc revenues rising by 8.1 per cent in the December quarter, a first after three successive quarters of degrowth.

14 Jan 2021

Higher tax set offs for NPA-laden banks in the offing

NBFCs, on the other hand, get a tax set off of just 5 per cent since 2017-18, despite making out 
a case for parity with banks on this issue. 

09 Jan 2021

Gold may continue to shine all the way into the new year

As fears over global economic recovery fade away, a repeat crazy bull run looks perhaps unlikely.

04 Jan 2021

Huge revenue shortfall places question marks on 2021 Budget funding

North Bloc’s mandarins are in a tizzy in trying to figure out how to raise revenues for the largest ever spending budget planned by the Narendra Modi-led central government.

03 Jan 2021

Centre mulling hike in standard I-T deduction 

Government also considering increasing deductions for medical insurance expenses

01 Jan 2021

Government to recapitalise banks, plan stake sale post budget

Meanwhile, the government will also announce plans to sell shares in several state-run banks next year and is mulling the strategic sale of IDBI Bank to begin with. 

29 Dec 2020