ECONOMY
Why states must prepare for life without GST compensation
While states are demanding that compensation for the revenue loss from GST be continued beyond June 30, neither the states nor the Centre have many options on the issue.
ECONOMY
Curtain-raiser: What to expect from GST Council meeting
India’s GST Council, the apex decision-making body of the indirect tax regime that completes five years this week, is meeting in Chandigarh on June 28-29.
INTERVIEW
States that go against GST Council will be isolated; not right time to hike rates: Sushil Kumar Modi
Sushil Kumar Modi speaks on why predictions of fissures in GST Council are overdone and why it is not a good time to raise tax rates.
ECONOMY
Finance ministry sees low risk of stagflation for Indian economy despite soaring prices
India’s pandemic hit economy is recovering but its size is barely above the pre-pandemic level.
ECONOMY
Agnipath: Fiscal relief to help boost capital expenditure
The initiative is being sold as an opportunity for young Indians to get acquainted with the military ethos, but Agnipath may actually help ease the strain on the exchequer.
BUSINESS
5G spectrum auction gets Cabinet greenlight as services to roll out soon
A total of 72 GHz of spectrum with a validity period of 20 years will be auctioned by the end of July
BUSINESS
Why India needs a fiscal council right now
New Delhi should use the pandemic-led disruptions to create a fiscal council that will ensure greater transparency and strengthen fiscal performance.
ECONOMY
Soft May inflation print unlikely to alter rate hike path
The country's rate-setting panel is widely expected to raise the policy rate to as much as 5.5-to-6 percent in the current rate hike cycle. Policy action after that could be data dependent.
BUSINESS
Chief economic adviser echoes central bank: Crypto and DeFi are regulatory arbitrage, not financial innovation
The government and the Reserve Bank of India continue to be on the same page on crypto, with the chief economic adviser latest to question crypto after some stinging remarks by central bank officials.
BUSINESS
India could be $20 trillion economy by 2040, chief economic advisor says
“India is forecasted by IMF to cross $5 trillion by 2026-27 and if the dollar GDP of the country doubles every seven years, we will be at $20 trillion GDP by 2040 with a per capital income of close to $15,000,” V Anantha Nageswaran said.
BUSINESS
India faces growth, inflation challenges but medium-term fundamentals solid, chief economic advisor says
India faces challenges of managing a sustainably high growth rate, moderate inflation, keeping the fiscal deficit under balance and also ensuring that external value of rupee remains stable, the CEA said.
POLICY
Focus on direct benefit transfer errors may hurt real, potential beneficiaries: Report
The nuts and bolts that underpin the DBT like complete digitisation of records, seeding of Aadhaar, cash-out architecture are not without fault lines, the report says
INDIA
Inflation poised to slow gradually on normal monsoon, lower crude price estimate
Inflation is expected to begin easing from the near eight-year high it hit in April. Is it a sign of things turning around?
ECONOMY
India faces low stagflationary risks, says CEA V Anantha Nageswaran
There is considerable momentum in economic activity in India and while the inflation rate is high “compared with the experience of many developed and developing countries, India is somewhat better placed,” Nageswaran said.
POLITICS
Modi Govt @ 8 | The Unfinished Agenda
The world’s second-most populous country faces key challenges on budget, infrastructure and quality of life.
ECONOMY
Indian authorities gear up to combat inflation as soaring prices hit the poor hardest
New Delhi will need to double down as red-hot inflation erodes purchasing power at the bottom of the pyramid, amidst the prolonged Russia-Ukraine war.
