PM Modi, whose govt has set a $5 trillion economy target by 2024, asked India Inc to shun pessimism and assured them of govt support in its attempts to expand.
Finance Minister Nirmala Sitharaman made the statement as she moved the Taxation Laws (Amendment) Bill, 2019 for consideration and passage in Lok Sabha.
The government set a tax collection target of Rs 13.8 lakh crore during the interim budget in February, which was revised to Rs 13.35 lakh crore when budget was presented in July.
According to the Controller General of Accounts, tax collection until September is 2.6% lower than last year — a sign that slowdown is affecting govt revenues.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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