A week after FM Nirmala Sitharaman announced major tax reliefs for the salaried class and measures to boost demand and liquidity crunch, the Reserve Bank of India announces some more steps to revive ailing economy. Income Tax Department has launched a calculator that compares taxes in old and new tax regimes for financial year 2020-21. The company’s revenue from operations for the quarter stood at Rs 6,997 crore as compared to Rs 7,865 crore in Q3 FY19. Read for more top stories from the world of business and economy:
In a bid to ensure sufficient liquidity in the system, the RBI has decided to conduct term repos of one-year and three-year tenors of appropriate sizes for up to a total amount of Rs 1 lakh crore at the policy repo rate.
Presenting the motion of thanks on the President’s address, PM Narendra Modi said the vision of his government is “greater investment, better infrastructure, increased value addition, and maximum job creation”.