The central government should not dither on paying compensation to states for their GST revenue shortfall
The Finance Ministry is not in favour of increasing GST rates on non-essential items, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19.
The exchange of information and best practices, as well as the provision of liquidity are the most crucial elements of startup support during this time
A predominant part of Kerala’s revenue comes from the sale of alcohol, but the State and society have an uneasy relationship with its tipplers
Post-COVID-19, multiplexes will have to be ready for a second innings where they will have to move away from being multi-screens that just offer food and beverages to becoming Multi-Purpose Venues
The fiscal deficit in April is already 35.1 percent of the entire year’s budgeted deficit.
COVID-19 was a good opportunity for the Centre to repair relations with the states and rebuild trust. Instead, it seemed keener to use the crisis to emphasise its dominance, and show who the boss was
As the nine-week long national lockdown to contain the spread of the coronavirus pandemic crippled the economy, the Centre has allowed the states to borrow 200 bps more than the legally mandated 3 per cent deficit
Football is not just sport, or a means to keep people entertained during COVID-19. It’s also business, and the focus of the international market will be to better the home viewing experience
The survey titled 'COVID-19 and Your Wealth', conducted by online investment provider Scripbox, reveals the impact of the lockdown on company revenues and job losses.
While political systems, level of State capacity and trajectory of development may vary, cities in China and India have retained many common threads of socio-spatial exclusion of migrant workers
Weak economic activities are also set to have an impact on non-tax revenue, and dividend and profit and other non-tax revenue would therefore decline by Rs 1.48 lakh crore from the FY21 budget estimate, the report said
A total of 27,788 people travelled on these trains on May 16 and the number is expected to reach 30,127 on Sunday
A few errors from the state government and the inevitable easing measures have countered the good work done so far—but, with one of the better public health systems in India, Tamil Nadu has the capability to flatten the curve
The ban cost states dearly in terms of revenue, depriving them of monetary resources at a time when they needed to increase spending on the social sector
In this edition of Ideas for Profit, Moneycontrol's Sakshi Batra discusses whether Mindtree will stand out in the long-term.
Last month, the ride-hailing company promised 10 million free rides and food deliveries to healthcare workers, seniors, and people in need, during the period of lockdowns put in place to stem the spread of the coronavirus.
The company also appointed Vinita Bali, former managing director and chief executive officer of Britannia Industries, as a new independent director, effective February 24, 2020.
The rise in collections however still failed to bridge the shortfall in annual target, which could amount to Rs 810 crore.
The fresh call comes just months after the Reserve Bank of India (RBI) approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government, including 1.48 trillion rupees for the current fiscal year.
The funds raised would be used to expand operations and reduce borrowings
The FinMin however, did not reply to questions on by when the Centre clear the dues of states.
The slab restructuring is expected to bring in additional revenue of Rs 1,000 crore per month
Taking to Twitter, the chief minister said, "Five years of increased expenditure on schools, hospitals, water and power - all this while maintaining revenue surplus and improving Delhi's fiscal health...(sic)"
Officials fear a parallel system from raw material to finished goods is in place to evade taxes. If properly addressed, 15-20 percent revenue could be added to government coffers