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Working on personal tax rate rejig: Sitharaman

Sunday, December 8, 2019, 2:23 PM

Finance Minister Nirmala Sitharaman said government is working on more steps, including rationalisation of personal income tax rates which is one of several measures to revive the economy. The government has taken several measures during August and September to boost the economy, she said at the HT-Leadership-Summit. On the GST, minister said the the rate-structure will have to be decided by the GST Council.
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Tax rate cut aimed at attracting investments: Finance Minister

Tuesday, December 3, 2019, 8:11 AM

Finance minister Nirmala Sitharaman said the recent corporate tax rate cut was aimed at attracting investments and creating jobs while clarifying that the reduction in minimum alternate tax was applicable from the beginning of the current financial year. "We think we will attract investment by reducing tax rate," she told Parliament, while adding that several countries had done the same.
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Govt eases norms for re-insurers for setting up shop at IFSC

Monday, August 5, 2019, 8:28 AM

In a bid to promote IFSC as an attractive destination for investment for global re-insurers, the government has relaxed norms for setting up shops at Gandhinagar international financial services centre. The notification of Finance Act, 2019, has paved the way for reduction of the Net Owned Funds (NOF) requirement for the opening of branches of foreign re-insurers in IFSC to Rs.1,000-crore from Rs.5,000-crore.

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