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Soaring inflation, devaluation of currency, massive external debt and corruption --- Pakistan economy is mired in chaos.
The scooter parked on the roadside in Pune burst into flames the other day.
At present, Kerala has more than 60 mixed fertilizer plants and their business is set to be hit once the legislation is enacted.
The union government has questioned electric car company Tesla's business practices, of seeking tax breaks to use the Indian market to sell its products, but not wanting to set up manufacturing facilities in the country which can generate thousands of jobs.
According to the Union Budget 2022-23, goods and services tax will contribute 16 paise in every rupee revenue, while corporation tax will contribute 15 paise to each rupee earned.
India's economy has rebounded from the depths of the pandemic but mobility restrictions to curb the spread of the virus have led to job losses, hamstrung private investments and have pushed up food and raw material costs.
The new corporate tax also does not apply to companies in Emirati free zones unless they conduct their business onshore. Another exception are oil and gas companies, which are subject to their own tax schemes.
This time, there are expectations the tax-free slab could be increased from the current Rs 0-2.5 lakh. If personal income tax is reduced, there would be more disposable income, which in turn would encourage consumption.
Asia's third largest economy is estimated to expand 9.2% in the fiscal year that ends in March.
Under the solar roof top scheme, the government has decided to ease the process and give more liberty to the households who are ready to install roof-top solar panels.