Posts tagged with Government

Govt Proposes To Relax Rooftop Solar Norms
Apr 2021 , by in ALLIED

To provide relief to the rooftop solar industry, the government has proposed to allow rooftop solar installations with up to 500 kilowatt (kW) capacity to be billed under ‘net metering’. If the proposal is approved, those who have rooftop solar panels will receive higher tariffs from power distr... Read more...

Government Backs Merger of Two Tax Slabs in GST
Feb 2021 , by in News/Views

The central government is in favour of merging the goods and services tax (GST) rates of 12% and 18% into a single slab. Acceding to a demand first made by some states and endorsed by the Fifteenth Finance Commission (FFC). GST Council, India’s federal indirect taxes body, may discuss the matter a... Read more...

Govt to Work with RBI on Bank Privatization Plan
Feb 2021 , by in ALLIED

The government will work with the Reserve Bank for execution of the bank privatization plan announced in the budget.In the union budget presented last week, Sitharaman had announced the privatisation of two banks as part of its disinvestment plan.  Bank unions have opposed the move. The details ... Read more...

Retailers Demand To Be Registered As MSMEs
Jan 2021 , by in ALLIED

The Retailers Association of India (RAI) requested the Union government to accelerate the formulation of the National Retail Policy. Apart from this, the retail industry body also urged the Centre to allow retailers to be registered as micro, small and medium enterprises (MSME) to avail benefits. ... Read more...

Perspective On Pre-Budget Expectation  
Jan 2021 , by in Press Room

Shishir Baijal, Chairman and Managing Director, Knight Frank India On the aspect of housing demand, Section 80 C tax deduction on home loan principal repayment does not provide for a focused benefit on housing. A separate annual deduction of INR 150,000 will provide the much-needed fillip to opt fo... Read more...

NAREDCO Pre Budget Recommendations
Jan 2021 , by in News/Views

The ‘wish list’ for Union Budget 2021 presented by real estate body NAREDCO, includes measures to combat the economic crisis and result in upward growth trend -: - Rationalization of Tax - Enhancing loan to value (LTV) ratio up to 90 per cent across the board for home loans for affordable hou... Read more...

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