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  • As economy picks up pace, GST collection, FDI trends show signs of revival Dec 02, 2020 05:53 PM IST

    As economy picks up pace, GST collection, FDI trends show signs of revival

    Total FDI inflows into India in second quarter of financial year 2020-21 have been $ 28,102 million. Of this, FDI equity inflows were $23,441 million

  • Leasing by co-working operators to rise by 42 percent in 2021: Savills India Dec 01, 2020 01:49 PM IST

    Leasing by co-working operators to rise by 42 percent in 2021: Savills India

    As per the report, over 3,000 co-working centers across the country are likely to offer approximately a million desks by 2022. Leasing activity by the co-working segment is expected to grow by 29 percent during 2015-2022.

  • GST compensation: Kerala, West Bengal opt for option 1 to meet shortfall Nov 25, 2020 06:16 PM IST

    GST compensation: Kerala, West Bengal opt for option 1 to meet shortfall

    Under the terms of option 1, besides getting the facility of a special window for borrowings to meet the shortfall arising out of GST implementation, states are also entitled to get unconditional permission to borrow the final instalment of 0.50 percent of gross state domestic product out of the 2 percent additional borrowings permitted by the Centre.

  • Explained | All you need to know about PLI scheme Nov 12, 2020 06:00 PM IST

    Explained | All you need to know about PLI scheme

    The government in March made 53 bulk drugs eligible for a PLI worth Rs 6,940 crore. The scheme is expected to benefit up to 136 manufacturing units, generating incremental sales of Rs 46,400 crore and significant additional employment generation over the next eight years.

  • Farm sector performed 'extraordinarily well' during lockdown; Rs 65,000-crore fertiliser subsidy to support farmers: FM Nov 12, 2020 05:08 PM IST

    Farm sector performed 'extraordinarily well' during lockdown; Rs 65,000-crore fertiliser subsidy to support farmers: FM

    The budgeted fertiliser subsidy for FY 2020-21 was Rs 71,000 crore. The additional amount takes total outlay to Rs 1.36 lakh crore for this year.

  • Budget 2021-22 | Government receives recommendation for uniform 5% GST on manmade fibre Nov 11, 2020 02:07 PM IST

    Budget 2021-22 | Government receives recommendation for uniform 5% GST on manmade fibre

    Centre has begun its Budget 2021-22 exercise and is holding consultations with various sectors and stakeholders. It has also been recommend that the threshold for the 5 percent slab should be increased from Rs 1,000 per piece to Rs 2,000 per piece for apparels and clothing

  • Lodha UK sells penthouse in London for Rs 1400 crore Nov 09, 2020 06:56 PM IST

    Lodha UK sells penthouse in London for Rs 1400 crore

    This is perhaps the most expensive home sold this year. On a per sq ft basis, it cost almost Rs 9 lakh per sq ft.

  • Should you invest in a plot rather than an apartment during the pandemic? Nov 04, 2020 10:10 AM IST

    Should you invest in a plot rather than an apartment during the pandemic?

    Four floors with 12 bedrooms and large-sized living rooms on a single plot for Rs 2 crore offers a better investment proposition than a similarly priced apartment in a high-rise for which a buyer may have to wait longer for the project to get completed

  • How much of an impact will the lack of a US fiscal stimulus have on the IT sector? Oct 28, 2020 12:24 PM IST

    How much of an impact will the lack of a US fiscal stimulus have on the IT sector?

    Most Indian IT firms are hopeful that the rebound seen in the second quarter will continue in the coming months, with or without the fiscal stimulus. Top executives say this is because long-term technology transformation investments will continue as clients gear up for the future

  • Lutyens Bungalow Zone: Four dozen properties up for sale; steep discounts on offer for non-performing assets held with lenders Oct 24, 2020 10:08 AM IST

    Lutyens Bungalow Zone: Four dozen properties up for sale; steep discounts on offer for non-performing assets held with lenders

    Buyers comprise people who have been in the market for several months and are waiting to drive a hard bargain during the pandemic

  • HCL Tech to hire 12,000 freshers this year, lifts suspension of salary hikes Oct 16, 2020 03:11 PM IST

    HCL Tech to hire 12,000 freshers this year, lifts suspension of salary hikes

    The company has already hired 3,000 freshers, and the rest would be on-boarded in the next two quarters. There is a robust hiring plan in place for laterals as well. The salary hike will be carried out in two cycles.

  • Coronavirus Impact | World experiencing deepest recessions since Great Depression, says World Bank President David Malpass Oct 15, 2020 01:27 PM IST

    Coronavirus Impact | World experiencing deepest recessions since Great Depression, says World Bank President David Malpass

    The World Bank is encouraging countries to spend in the first instance on health programmes, on social programmes, and on education, World Bank President David Malpass said, adding that a critical step for countries is to reopen schools

  • Exclusive | Government plans to shut down 'redundant bodies' to rationalise cost Oct 08, 2020 02:55 PM IST

    Exclusive | Government plans to shut down 'redundant bodies' to rationalise cost

    The Union Textile Ministry in August abolished the All India Handicrafts Board and the All India Handloom Board — advisory bodies that were created to help the government in “formulation of the overall development programmes” in the handicrafts and handloom sectors, “keeping in view socio-economic cultural and artistic perspective”.

  • GST Council to meet today: Stage set for stormy session as compensation dues issue to take centre stage Oct 05, 2020 07:46 AM IST

    GST Council to meet today: Stage set for stormy session as compensation dues issue to take centre stage

    The Centre late last month gave two options to the states to borrow either Rs 97,000 crore from a special window facilitated by the Reserve Bank of India or Rs 2.35 lakh crore from market, and had also proposed extending the compensation cess levied on luxury, demerit and sin goods beyond 2022 to repay the borrowing.

  • Hope floats for Indian economy as manufacturing activity, GST collections, vehicle sales pick up Oct 02, 2020 05:13 PM IST

    Hope floats for Indian economy as manufacturing activity, GST collections, vehicle sales pick up

    Moneycontrol analyses some indicators that have shown substantial improvement since the lockdown months, with some even exceeding 2019 levels.

  • CGA data: Declining trend in corporate tax collection remains a worry Oct 01, 2020 02:59 PM IST

    CGA data: Declining trend in corporate tax collection remains a worry

    The government's net direct tax collection fell 31 percent year-on-year to Rs 1.92 lakh crore in April-August 2020, Minister of State for Finance Anurag Singh Thakur said in Parliament. Net direct tax collection was Rs 2.79 lakh crore in April-August 2019.

  • Budget 2021-22 preparations begin; FY 2019-20 to be base year for revenue and expenditure projections Sep 29, 2020 03:13 PM IST

    Budget 2021-22 preparations begin; FY 2019-20 to be base year for revenue and expenditure projections

    Total revenue for 2019-20 was Rs 17.5 lakh crore, compared to revised estimates of Rs 19.32 lakh crore. Net tax revenue for 2019-20 was seen at Rs 13.56 lakh crore, which was 90 percent of revised estimates

  • Govt officials defend auto sector taxation, want companies to improve efficiency, cut cost Sep 17, 2020 08:57 PM IST

    Govt officials defend auto sector taxation, want companies to improve efficiency, cut cost

    GST rates on automobiles are less than what VAT and excise duty rates used to be in pre-GST times, sources said.

  • Exclusive | Q1 GDP data doesn't capture full extent of damage to economy, says Pronab Sen Sep 01, 2020 04:29 PM IST

    Exclusive | Q1 GDP data doesn't capture full extent of damage to economy, says Pronab Sen

    The GDP data for the April-June quarter of 2020 showed that the Indian economy contracted 23.9 percent year-on-year due to the lockdowns imposed in March to contain the spread of the COVID-19 pandemic.

  • GDP Q1 data: Private consumption continues to nose-dive, falls 54.3% Aug 31, 2020 06:21 PM IST

    GDP Q1 data: Private consumption continues to nose-dive, falls 54.3%

    GDP Data Q1FY21: Discretionary spending has been hit hard with sales coming to a grinding halt for a few companies. Experts have said that all the consumer segments have been hit hard due to COVID-19

  • GDP Q1FY21 data: All sectors barring agriculture contract Aug 31, 2020 06:08 PM IST

    GDP Q1FY21 data: All sectors barring agriculture contract

    India GDP Data: Agriculture, forestry and fishing saw a growth of 3.4 percent in Q1 of 2020, against 3.0 percent growth in the same period a year ago. Mining and quarrying saw a contraction of 23.3 percent in April-June of 2020, against 4.7 percent growth in the same period a year ago

  • GST woes: Debt to meet compensation gap on states' balance sheet might limit borrowing capacity in future Aug 28, 2020 06:22 PM IST

    GST woes: Debt to meet compensation gap on states' balance sheet might limit borrowing capacity in future

    The Fiscal Responsibility and Budget Management committee had suggested bringing down the general government debt-to-GDP ratio to 60 percent by 2023. The calculation included 40 percent for the central debt and 20 percent for states' debt.

  • Coronavirus News | FDA ‘grossly misrepresented’ blood plasma data, scientists say Aug 25, 2020 08:17 AM IST

    Coronavirus News | FDA ‘grossly misrepresented’ blood plasma data, scientists say

    Over the next couple of months, as data emerges from vaccine clinical trials, the safety of potentially millions of people will rely on the scientific judgment of the FDA

  • 8 timeless money lessons reiterated during the pandemic Aug 13, 2020 01:08 PM IST

    8 timeless money lessons reiterated during the pandemic

    Regular and disciplined personal budgeting, if followed, can help one both financially and mentally

  • In a post-COVID world, Indo-Japan trade partnership could be key to tackle China Aug 10, 2020 04:47 PM IST

    In a post-COVID world, Indo-Japan trade partnership could be key to tackle China

    India's long-term commitment to supporting Japanese allyship in building South Asian states’ infrastructure has been reaffirmed post-COVID-19

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