RBI's latest bulletin projects India to remain the fastest-growing major economy, with GDP growth estimates of 6.5%-6.7%, driven by sustained momentum and strategic fiscal measures.
The new bill set to be tabled in Parliament on Feb 13 expectedly has not made any changes to taxing cryptocurrencies as it will continue to attract a 30% tax on any income from the transfer of such assets without any deductions and exemptions.
Everyone's progress is linked to India's progress, Modi said in Paris, adding that India is soon to become the world's third largest economy, and with its "skilled young talent factory and innovation spirit," the country is "fast becoming a preferred global investment destination."
"I don't think it is something you would expect to see immediate results because both sides are crossing the river by feeling the stones," said India's Chief Economic Advisor V Anantha Nageswaran.
The data of companies investigated by the Regional Directors and cases probed by Serious Fraud Investigation Office (SFIO) were shared by the ministry with Lok Sabha as part of a written reply on Feb 10.
The group plans to establish its second university in Hooghly district, backed by a “conducive business environment” in the state and growing demand for quality education, Managing Director Sardar Taranjit Singh said.
The new bill which includes the recent changes in income tax rates, slabs, and TDS is aimed at simplifying the language and implementation of the income tax legislation for taxpayers.
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