January 08, 2021 07:31 PM IST
According to sources, economists who attended the meeting include former Rakesh Mohan, Ravindra Dholakia, Shankar Acharya, Arvind Panagariya, KV Kamath and Sonal Verma.
- January 07, 2021 10:44 AM IST
India, on its part to defend the equalisation tax aka Google Tax, said that its aim was to ensure a level playing field between local and foreign e-commerce companies, that the tax does not discriminate against any US company, and that it has no retrospective element.
- January 06, 2021 06:09 PM IST
We profile Finance Minister Nirmala Sitharaman and her budget-making team
- January 06, 2021 10:20 AM IST
The World Bank has forecast India's real gross domestic product growth to be 5.4 percent for fiscal year 2021-22, primarily due to the low base effect of the current year. However, unlike most other agencies, the multilateral organization has not upgraded its forecast for 2020-21, and still projects India's economy to contract by 9.6 percent this year.
- January 04, 2021 07:34 AM IST
It should be remembered that the fiscal deficit will be a percentage of a lower nominal GDP than the Rs 225 lakh crore that the last budget had assumed for 2020-21. The target for the year, set before the pandemic, was 3.5% of nominal GDP
- January 01, 2021 01:36 PM IST
The previous record monthly GST collection was nearly Rs 1.14 lakh crore in April 2019. December 2020 revenue 11.6% higher than same month last year, the fourth consecutive month of year-on-year higher collections
- December 29, 2020 03:33 PM IST
The relief measures announced under the Atmanirbhar Bharat 3.0 package indicate the government's continued focus on the sector.
- December 22, 2020 12:08 PM IST
The publicly-listed Shipping Corp has a fleet of 59 ships, including container vessels, dry bulk carriers, very large crude carriers, offshore supply vessels and others. Based on Tuesday morning’s price of Shipping Corp shares, the centre’s 63.75 per cent is valued at Rs 2,521 crore.
- December 16, 2020 06:11 PM IST
The Wholesale Price Index-based inflation in India has risen to a nine-month high to 1.55 percent in November. The retail inflation in India had eased to 6.93 percent in November against 7.61 percent in October.
- December 16, 2020 03:44 PM IST
On March 29, the MHA had issued a notification asking the employers to give full payment of wages to the employees during the nationwide lockdown due to the Covid19 induced pandemic.
- December 12, 2020 03:54 PM IST
With over 100 million farmers in the country, the math suggests that only 0.2 percent of the farmers are protesting against the new farm bills as their incomes are not taxed says Surjit Bhalla in a
- December 12, 2020 03:32 PM IST
Gadkari also informed that the government has sanctioned Rs 3 lakh crore for the MSMEs. The government will provide 15 percent of the equity to successful MSMEs and those with a good record of GST and income tax and bank turnover to facilitate them to go raise funds in the capital market.
- December 12, 2020 02:00 PM IST
Amidst raging protests by farmers on the borders of Delhi and other parts of the country, Prime Minister Narendra Modi defended the farm sector reforms passed by Parliament earlier this year
- December 11, 2020 03:16 PM IST
According to the portal, 10,388 candidates have been placed so far.
- December 10, 2020 08:09 PM IST
The government is taking measures to make the system transparent and bring timebound results for investors.
- December 09, 2020 05:06 PM IST
As per the draft rules, the working hours can be extended to up to 12 hours a day from 9 hours allowed earlier. Read on to know how this could prove to be beneficial for employees but not so much for the employers
- December 09, 2020 05:00 PM IST
The scheme as approved by cabinet seems to have a much lower outlay than what was announced by FM Nirmala Sitharaman in November.
- December 08, 2020 04:21 PM IST
The GoM has proposed that a separate communication wing be established and a strong Fact Check Unit be set up to ensure that social media is used effectively for targeted communication.
- December 08, 2020 01:41 PM IST
The terms of the proposed privatisation remain largely unchanged from the previous attempt. The government of India and ONGC Ltd will sell their entire stake in the unlisted company. ONGC holds a 49 per cent stake in Pawan Hans, with the rest being held by the centre.
- December 08, 2020 10:44 AM IST
Budgeted capex for FY2021-22 could easily cross Rs 6-7 lakh crore and the government finds itself unencumbered by strict fiscal considerations. The 15th Finance Commission is learnt to have recommended a fiscal deficit target range for each year of its award period, till 2025-26
- December 04, 2020 10:54 AM IST
Every year, in December, the Finance Minister hosts economists, industry bodies, financial sector, social sector, agriculture and labour representatives for pre-budget consultations. These multiple meetings go on for a few hours and the attending representatives present their budget wish-list to the Finance Minister.
- December 01, 2020 04:33 PM IST
One of the most crucial input data points used in GDP and GVA calculations is the Index of Industrial Production (IIP). IIP contracted by 10.4 per cent in July year-on-year, by 8 per cent in August and expanded by 0.2 per cent in September. So, in a quarter where IIP contracted during two months and barely rose in month, manufacturing GVA showed positive growth.
- November 27, 2020 07:51 PM IST
According to the NSO data released on Friday, the gross value added (GVA) from trade, hotel, transport, communication & services related to broadcasting fell by 15.6 percent at constant prices in July - September quarter year-on-year against a 7 percent year-on-year decline in the overall real GVA for the second quarter.
- November 27, 2020 06:05 PM IST
Agriculture appeared to be one of the few bright spots for the second straight quarter amid a grim GDP performance clocking a growth of 3.4 percent at constant prices in the July- September quarter as per the data released by the National Statistical Office on November 27.
- November 24, 2020 04:07 PM IST
The four labour codes that aimed to streamline and simplify existing laws have drawn mixed responses. While they have been welcomed by industry as a spur to employment generation, trade unions and opposition parties view them as being anti-labour and heavily tilted in favour of employers.