Economic growth remains High on the Agenda of the Government; To boost the Economic Growth further, the Government has announced various measures in the Budget 2019-20 https://www.taxtmi.com/news?id=21780 Budget 2019-20 advances tax and regulatory measures to boost investment and demand, including further liberalisation of foreign direct investment, raising the turnover threshold for a lower corporate tax rate, tax incentives and GST rate reduction for electric vehicles, and customs duty cuts to promote domestic manufacturing. It also commits to large-scale infrastructure investment, restructures the national highway programme, launches a cluster-based scheme for traditional industries, expands a voluntary pension scheme for small retailers, and broadens farmer cash transfers, with a cabinet committee established to oversee investment and growth. en-us Tue, 23 Jul 2019 18:19:15 +0530 Tue, 23 Jul 2019 18:19:15 +0530 TaxTMI RSS Generator Economic growth remains High on the Agenda of the Government; To boost the Economic Growth further, the Government has announced various measures in the Budget 2019-20 https://www.taxtmi.com/news?id=21780 Budget 2019-20 advances tax and regulatory measures to boost investment and demand, including further liberalisation of foreign direct investment, raising the turnover threshold for a lower corporate tax rate, tax incentives and GST rate reduction for electric vehicles, and customs duty cuts to promote domestic manufacturing. It also commits to large-scale infrastructure investment, restructures the national highway programme, launches a cluster-based scheme for traditional industries, expands a voluntary pension scheme for small retailers, and broadens farmer cash transfers, with a cabinet committee established to oversee investment and growth. News - Tue, 23 Jul 2019 18:19:15 +0530 https://www.taxtmi.com/news?id=21780