https://www.taxtmi.com/news?id=19184 The Central Government announced a front-loaded Bank Recapitalization programme for Public Sector Banks using budgetary provision, recapitalisation bonds and market capital raising to restore capital adequacy and support credit growth and employment. Stakeholders proposed raising the TDS threshold on bank interest, a Credit Guarantee Fund for agriculture, tax reliefs for insurance and housing, parity for Farmer Producer Organizations, DBT for crop insurance and interest subvention, alignment of bad-debt recognition timelines, annual rather than monthly bank reporting to tax authorities, promotion of digital transactions, and extension of Masala bond TDS timing. en-us Sat, 16 Dec 2017 09:35:47 +0530 Sat, 16 Dec 2017 09:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19184 The Central Government announced a front-loaded Bank Recapitalization programme for Public Sector Banks using budgetary provision, recapitalisation bonds and market capital raising to restore capital adequacy and support credit growth and employment. Stakeholders proposed raising the TDS threshold on bank interest, a Credit Guarantee Fund for agriculture, tax reliefs for insurance and housing, parity for Farmer Producer Organizations, DBT for crop insurance and interest subvention, alignment of bad-debt recognition timelines, annual rather than monthly bank reporting to tax authorities, promotion of digital transactions, and extension of Masala bond TDS timing. News - Sat, 16 Dec 2017 09:35:47 +0530 https://www.taxtmi.com/news?id=19184