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Key tax refund scheme outlay hiked 10% for FY24

Key tax refund scheme outlay hiked 10% for FY24

The federal government has raised the allocation for its flagship tax remission scheme for exporters by way of 10% within
‘Sufficient fiscal cushion in Finances to handle exterior shocks’

‘Sufficient fiscal cushion in Finances to handle exterior shocks’

Some fiscal house has been constructed into the Finances FY24, to handle upper spending necessities from exterior shocks, like upper
Finances to assist progress, tame inflation

Finances to assist progress, tame inflation

By way of Andrew Holland The continuing focal point on infrastructure capex via the federal government, at the side of
‘PM requested me to hold the expansion momentum going’

‘PM requested me to hold the expansion momentum going’

An afternoon after the Funds, Finance Minister Nirmala Sitharaman spoke solely on a number of problems, together with why the
Finances 2023: Disbursal of capex loans to states shall be quicker, says FM Nirmala Sitharaman

Finances 2023: Disbursal of capex loans to states shall be

Finance minister Nirmala Sitharaman on Thursday mentioned she expects states to start out filing proposals for the 50-year interest-free mortgage
Oblique tax board involved in widening taxpayer base

Oblique tax board involved in widening taxpayer base

With a upward push in collections from the products and products and services tax (GST) in contemporary months, the Central
Decrease NREGA outlay to verify cartels don’t usurp finances

Decrease NREGA outlay to verify cartels don’t usurp finances

Rampant misappropriation of finances allotted beneath the flagship Nationwide Rural Employment Ensure Programme (NREGP) is likely one of the causes
Exports to Covid-hit China may well contract at a quicker speed

Exports to Covid-hit China may well contract at a quicker

A sustained surge in Covid circumstances in China may just additional exacerbate a contraction in India’s exports to its fourth-largest
No plan to decrease e-invoicing threshold to Rs 5 crore: CBIC

No plan to decrease e-invoicing threshold to Rs 5 crore:

B The Central Board of Oblique Taxes and Customs on Monday stated there’s no proposal at the present to scale
Discretionary spending witnesses a pointy drop

Discretionary spending witnesses a pointy drop

Intake, which was once pushed by means of festive cheer since August, is weakening throughout client classes with more than