Govt may cut income tax rate, introduce new slabs to boost consumption in upcoming budget

Budget 2020: The Finance Ministry is mulling these measures ahead of the Budget for 2020-21, which may be presented by the Finance Minister Nirmala Sitharaman on February 1 The finance ministry is expected to announce a slew of measures in the forthcoming Union Budget 2020-21…

Government clears merger of 8 railway services

The Union Cabinet on Tuesday approved an organisational restructuring of the Indian Railways, unifying eight services into one and making the Railway Board leaner in an attempt to overhaul and rightsize the 150-year-old state transport mammoth that operates 22,000 trains every day. The national transporter,…

GST Council puts proposal to vote for first time, fixes 28% tax for lottery across India

For a long time, the council had been discussing fixing rates for lotteries in the country. Today the council took up a proposal to fix a uniform 28 percent tax rate on lottery effective March 1, 2020, all over the country. The Goods and Services…

GST Council meet preview: New roadmap with focus on ‘revenue augmentation’ likely on Wednesday

A rise in 5 percent tax slab could also make key commodities such as tea, coffee, frozen vegetables, and medicines, which fall in this tax slab, dearer, thereby burning a deep hole in the common man’s pocket. GST Council Meeting: In a few hours from…

5 Reasons Why Many People Still Don’t Use Digital Payments

It is fair to say that the digital payments revolution has started. However, we aren’t there yet. And there are five major reasons why consumers are yet to warm up to digital payments. India is well on its way to becoming a trillion-dollar digital economy…

What changed for the market while you were sleeping? Top 10 things to know

A few cues from the market in India and abroad that could help you with your trade today. Benchmark indices ended marginally lower after rangebound trade on November 21 with Nifty failing to hold above 12,000 level. At close, the Sensex was down 76.47 points…

5 Golden Rules of Equity Investment

Before you go ahead to reap profits from the trade, here are the 5 Golden Rules which you need to know- Rule #1 While doing equity investment make sure you avoid the herd mentality. Don’t let the decision of others influence you. Seek advice from…