India saw a sharp, 1.2 percentage point cut to its 2020 growth forecast to 5.8 percent, the IMF's biggest markdown for any emerging market, because of the domestic credit crunch. Monetary and fiscal stimulus is expected to lift India's growth rate back to 6.5 percent in 2021, although this is still 0.9 percentage point lower than forecast in October. … [Read more...] about IMF cuts global growth forecasts as India falters, says bottom may be near
"It is directed that pending the final disposal of the arbitration proceedings, Bid Services or anyone acting for and on behalf of it is restrained from alienating in any manner its 16.20 crore (13.5 per cent) equity shares in Mumbai international airport and that the escrow documents submitted to the tribunal by GVK to show its compliance of the September 15, 2019 order will not be altered till the end of the arbitral proceedings," the tribunal said in a 55-page order dated January 19. … [Read more...] about Battle for MIAL: Arbitration tribunal restrains Adanis from buying Bidvest stake
Ever since long-term capital gains tax of 10 percent without indexation on profits made above Rs 1 lakh on the selling of equity shares and mutual funds were introduced in Union Budget 2018, the same has not gone down well with industry stakeholders. To infuse capital in the economy and boost investments, Budget 2020 should reconsider this provision. … [Read more...] about ‘Budget 2020 crucial for realising $5 trillion economy dream’
The early signs of that came under NDA II with the recently announced concessional tax regime incentivising doing of business in India -- A lowly 15 per cent headline tax rate for new domestic manufacturers and 22 per cent for other businesses. While the concessions have got support from stakeholders, it is safe to say we are still in early days to reap the real benefit of the move. … [Read more...] about Budget 2020: What next after the corporate tax cut?
In September, the two-member Dhingra committee was asked by the home ministry to reopen the case against Kamal Nath. The order was the result of a petition filed by Manjinder Singh Sirsa, an SAD MLA from Delhi’s Rajouri Garden. The SAD is a long-time ally of the BJP. It is not yet clear whether Nath has been indicted by the report in any way. Sajjan Kumar, another senior Congress leader from Delhi, is serving a life sentence after he was found guilty of inciting crowds to kill Sikhs. … [Read more...] about Politics | The Dhingra report on 1984 riots and its effect on Delhi elections