The Indian government's annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging economy, adding to pressure on the Reserve Bank of India (RBI) to provide more immediate help.
Union Budget India 2019: Economic Survey of July 4, 2019 has well highlighted the critical urgency of job creation in large numbers, in view of the fact that working age population is expected to grow by 97 lakh annually over the coming decade.
To further consolidate the gains in order to make India a more attractive foreign direct investment (FDI) destination, the Government would ease local sourcing norms for FDI in Single Brand Retail (SBR) sector.
NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said that the Goods and Services Tax (GST) processes were being further simplified while adding that businesses with less than Rs. 5 crore annual turnover will need to file quarterly GST return.
New Delhi, July 5 (KNN) The Budget presented by Finance Minister Nirmala Sitharaman will boost investment in key infrastructure which will help exports in a big way, said Chairman of Engineering Export Promotion Council (EEPC) India, Ravi Sehgal.
The Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman said that during the second refund fortnight, Rs. 6,087 crore IGST refunds and Rs. 1, 548 crore ITC refunds were sanctioned by CBIC.