FM Nirmala Sitharaman to meet heads of PSBs next week; nudge them for credit expansion to boost economy
According to sources, Finance Minister Nirmala Sitharaman will meet bankers, top officials from different ministries. FM is expected to take stock of progress on restructuring 2.0 scheme announced by RBI.
Companies may get a relief on transition of cess/tax credit following a Bombay High Court rulingWhen a company pays indirect tax it collects what is known as tax credit. Tax credit can be used to set off part of future tax liabilities. When India moved to Goods and Services Tax (GST) several companies were left with a situation where they had crores sitting on their books in the form of tax credit.
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