Liberalisation
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Government Exempts TCS For Remittances For Education Purposes
Education Budget 2025: The Government has also increased threshold to collect TCS on remittances under Liberalised Remittance Scheme
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Why Was The 1973-74 Budget Called "Black Budget"?
From Manmohan Singh introducing liberalisation, privatisation, and globalisation in 1991 to P Chidamabaram reducing personal and corporate tax in 1997, the country, in the last four decades, has witnessed some landmark Budgets.
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"Take Great Pride In Being A Sikh": What Manmohan Singh Told NDTV
Former Prime Minister Manmohan Singh - a soft-spoken and erudite scholar, perhaps best known as the architect of the 1991 reforms that led India into an era of liberalisation and growth - wore many hats, including that of a Sikh.
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A Late Night Call That Catapulted Manmohan Singh Into Politics
Manmohan Singh was woken up by an "out of the blue" call from PV Narasimha Rao's then principal secretary PC Alexander, who informed him that he was the pick to be the finance minister.
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"When Prime Minister Speaks, People Listen": Barack Obama On Manmohan Singh At G20
Manmohan Singh, the former Prime Minister whose lasting legacy would be seen by many as the economic liberalisation of 1991, will perhaps be remembered as much for his perseverance in bringing about the nuclear deal with the US.
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Manmohan Singh, The Technocrat Who Transformed India's Economy
Manmohan Singh -- former Prime Minister of India, renowned economist, technocrat and the architect of India's liberalisation, which pulled the country out of economic atrophy - has died at 92.
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Day After Budget 2024, M Kharge Recalls "Groundbreaking" 1991 Budget
Congress president Mallikarjun Kharge on Wednesday said his party takes immense pride in the groundbreaking achievement of the Liberalisation Budget of 1991 and asserted that there is a pressing need once again for meaningful budget.
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Centre Won't Liberalise Foreign Direct Investment In Tobacco Sector: Minister
The central government is not inclined to liberalize Foreign Direct Investment (FDI) in the tobacco sector, Union Commerce Minister Piyush Goyal said on Tuesday.
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Centre's Big Praise For Former PM Manmohan Singh In Supreme Court
The BJP-led central government commended former prime minister PV Narasimha Rao and his then finance minister, Manmohan Singh, for their pivotal roles in initiating economic liberalisation and opening up the Indian economy in 1991.
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Opinion: A Long Due Bharat Ratna - Narasimha Rao I Met Three Decades Ago
Rao remains one of the most underestimated Prime Ministers in Indian history. Despite widespread scepticism, he boldly pursued economic liberalisation, dismantling bureaucratic impediments and initiating reforms to attract foreign investment.
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There Was A Time When 1 Dollar Was Less Than Rs 5: Know History
The liberalisation of 1991 proved to be a crucial turning point in India's economic history and significantly impacted the rupee-dollar exchange rate.
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Explained: Why Credit Card Spends Overseas Won't Be Taxed At Source
While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.
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Tax Hike On international Transactions (TCS) Pushed Back To October 1
The government on Wednesday said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS.
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Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
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Here's What Experts Say About Changes Made In LRS For Credit Cards
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.
-
Government Exempts TCS For Remittances For Education Purposes
Education Budget 2025: The Government has also increased threshold to collect TCS on remittances under Liberalised Remittance Scheme
-
Why Was The 1973-74 Budget Called "Black Budget"?
From Manmohan Singh introducing liberalisation, privatisation, and globalisation in 1991 to P Chidamabaram reducing personal and corporate tax in 1997, the country, in the last four decades, has witnessed some landmark Budgets.
-
"Take Great Pride In Being A Sikh": What Manmohan Singh Told NDTV
Former Prime Minister Manmohan Singh - a soft-spoken and erudite scholar, perhaps best known as the architect of the 1991 reforms that led India into an era of liberalisation and growth - wore many hats, including that of a Sikh.
-
A Late Night Call That Catapulted Manmohan Singh Into Politics
Manmohan Singh was woken up by an "out of the blue" call from PV Narasimha Rao's then principal secretary PC Alexander, who informed him that he was the pick to be the finance minister.
-
"When Prime Minister Speaks, People Listen": Barack Obama On Manmohan Singh At G20
Manmohan Singh, the former Prime Minister whose lasting legacy would be seen by many as the economic liberalisation of 1991, will perhaps be remembered as much for his perseverance in bringing about the nuclear deal with the US.
-
Manmohan Singh, The Technocrat Who Transformed India's Economy
Manmohan Singh -- former Prime Minister of India, renowned economist, technocrat and the architect of India's liberalisation, which pulled the country out of economic atrophy - has died at 92.
-
Day After Budget 2024, M Kharge Recalls "Groundbreaking" 1991 Budget
Congress president Mallikarjun Kharge on Wednesday said his party takes immense pride in the groundbreaking achievement of the Liberalisation Budget of 1991 and asserted that there is a pressing need once again for meaningful budget.
-
Centre Won't Liberalise Foreign Direct Investment In Tobacco Sector: Minister
The central government is not inclined to liberalize Foreign Direct Investment (FDI) in the tobacco sector, Union Commerce Minister Piyush Goyal said on Tuesday.
-
Centre's Big Praise For Former PM Manmohan Singh In Supreme Court
The BJP-led central government commended former prime minister PV Narasimha Rao and his then finance minister, Manmohan Singh, for their pivotal roles in initiating economic liberalisation and opening up the Indian economy in 1991.
-
Opinion: A Long Due Bharat Ratna - Narasimha Rao I Met Three Decades Ago
Rao remains one of the most underestimated Prime Ministers in Indian history. Despite widespread scepticism, he boldly pursued economic liberalisation, dismantling bureaucratic impediments and initiating reforms to attract foreign investment.
-
There Was A Time When 1 Dollar Was Less Than Rs 5: Know History
The liberalisation of 1991 proved to be a crucial turning point in India's economic history and significantly impacted the rupee-dollar exchange rate.
-
Explained: Why Credit Card Spends Overseas Won't Be Taxed At Source
While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.
-
Tax Hike On international Transactions (TCS) Pushed Back To October 1
The government on Wednesday said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS.
-
Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
-
Here's What Experts Say About Changes Made In LRS For Credit Cards
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.
