Topic: Taxes
Tax reforms for the jobless and penniless, and triumph of Gandhi’s legacy in the US
The best cartoons of the day, chosen by the editors at ThePrint.
‘Raise our taxes’, millionaires around the world are asking their govts. Here’s why
A group of around 80 wealthy people, called Millionaires for Humanity, warn that coronavirus could push millions of people into poverty, further straining health-care systems.
Modi govt is considering easier loans, tax rules to help economy fight coronavirus
The Finance Ministry is considering extending loan tenors and relaxing bad-debt norms for small firms.
We’ve cut rates but you can’t miss goals – finance ministry tells tax officials
Finance ministry exhorted tax officials to meet direct tax mop-up target of Rs 13.4 lakh crore through a video conference on 16 Dec to help boost public finances.
India shouldn’t terrorise us with taxes & customs, Rafale engine maker tells Rajnath Singh
CEO of Safran Aircraft Engines, the manufacturer of Rafale jet engines, also revealed plans for $150 million investment in India towards training and maintenance.
Punjab ministers, leader of opposition not to pay income tax on perks, state to pitch in
Punjab assembly passes 3 bills that exempt ministers from paying IT on perks & house allowance, finance minister says govt 'correcting anomaly'.
2 weeks after budget, stock markets in free-fall, Rs 2.8 lakh crore market cap wiped out
Nirmala Sitharaman’s refusal to offer any respite to foreign portfolio investors from the super-rich tax has made the markets slump to a 2-month low.
People make it so hard to ditch plastic straws
Eliminating plastic straws offers a case study in how simple solutions can be devilishly tricky to implement, thanks to behavioural quirks. Economics, though, offers a straightforward answer.
Nirmala Sitharaman’s budget wipes $30 billion off Indian stocks as doubts on tax linger
A higher surcharge on the super rich has spooked non-resident and overseas funds as it also applies to trusts used by foreign funds to invest.
What is revenue deficit, fiscal expansion? Here’s a budget dictionary to crack the jargon
The Budget is upon us and so are terms such as revenue deficit, fiscal expansion & Public Sector Borrowing Requirement. Here's a dictionary to unscramble them.
Retiring early can be bad for the brain
Retiring early and working less has many benefits, such as reduced stress, better diets and more sleep. But as we found, it also has adverse effects.
Reliance Retail gets $1 billion from Silver Lake for 1.75% stake
Reliance announced on 9 Sept that the California-based private equity firm with stakes in technology-related companies will pay the amount as part of the deal.
Defence
No ‘major’ build-up at LoC but Pakistan pushing new Chinese-made assault rifles into Kashmir
Security forces have recovered EMEI Type 97 NSR rifles, manufactured by Chinese firm Norinco, which they believe were dropped into J&K through drones.
Partners dispensable in Modi-Shah construct if they do not bring additional votes
In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.