The Congress election manifesto has called for a ‘single, moderate, standard rate’ of goods and services tax (GST). It might have theoretical appeal, but can
Month: April 2019
GST on a firmer footing – The Hindu BusinessLine
With the month of March seeing Goods and Services Tax (GST) rake in its highest mop-up since its inception, the new tax regime has ended
Investors in unlisted firms can’t file ITR-1, ITR-4 forms, says CBDT | Business Standard News
Directors and people with investments in unlisted companies and start-ups will now have to make extensive disclosures in the new income-tax return (ITR) forms, according
Income tax: Taxmen use rare law to collect dues directly from bank accounts of evaders–Economic Times
Garnishee proceedings mainly refer to a situation where income tax officer gets a right to attach or collect money from anyone who owes money to
arvind panagariya: Under-employment, not unemployment, is India’s big problem: Arvind Panagariya – The Economic Times
People are doing very low productivity jobs and that gives them relatively low wages, low living standards and therefore poverty. This is where we need
SC quashing Reserve Bank circular not to dilute the insolvency law, says government official – The Economic Times
The Supreme Court’s decision to quash the RBI circular on referring defaulting companies for insolvency proceedings does not in any manner dilute the Insolvency and Bankruptcy Code
Tackle Rigidities in Credit Markets–Economic Times
The central bank has chosen not to throw any surprise, cutting the repo rate by 25 basis points, and maintaining a neutral policy stance. However,
MSME: Overall credit growth not broad-based, to MSMEs it’s muted: Shaktikanta Das–Economic Times
Even though the headline credit demand is growing at a healthy 14 percent, Reserve Bank governor Shaktikanta Das Thursday said it is not broad-based while those to MSMEs have
Fitch raises alarm over India’s high joblessness, rural distress – The Financial Express
The agency had earlier affirmed the sovereign rating at BBB- with stable outlook. Global ratings agency Fitch Thursday said there has been a rise in
CEA Subramanian on Feb 12 circular: Govt, RBI can fix issue; don’t think IBC needs changes – The Financial Express
Even as Supreme Court struck down RBI’s February 12 circular, Chief Economic Advisor (CEA) Krishnamurthy Subramanian said that the issue can be fixed as RBI and
SC order: Revised circular on resolution of bad loans soon, says RBI Governor – The Financial Express
Reserve Bank Governor Shaktikanta Das Thursday said the central bank will soon come out with revised circular for effective resolution of stressed assets in the
A blow to the IBC process? – The Financial Express
Macro factors today will always be adverse as commodity prices will be volatile, laws varying, business cycles more common, and geopolitical tensions around the corner.
Tax filers increased, number of dropped filers declined post note ban, says CBDT – The Financial Express
Prime Minister Narendra Modi’s shock decision in October 2016 to suck up more than 85% currency in circulation had a positive impact on tax compliance in
A cut to grow | Business Standard Editorials
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has delivered its second consecutive rate cut of 25 basis points each. The broad message in the
RBI policy: Low inflation and growth are the two key messages from RBI | Business Standard News
The first credit policy for the year is significant not so much for the expected rate cut but the modest assumption on growth in the coming year.
District-level ‘ease of doing business’ ranking to be launched soon: Suresh Prabhu – The Hindu BusinessLine
Commerce and Industry Minister Suresh Prabhu said district level ‘ease of doing business’ ranking will soon be launched to ensure that smaller towns and districts become more
Time to evolve more innovative means of financing: Finance Secretary Garg – The Hindu BusinessLine
The financial sector in India has to be cognizant of the changes that are happening in the different elements of the economy, Finance Secretary Subhash
64 per cent employment seeking households have found a job since 2014 – The Hindu BusinessLine
During 2014-2018, around 64 per cent of the employment seeking households have found a job at least for a member of their respective families, according
A rate cut for the second consecutive time was on expected lines – The Hindu BusinessLine
With a new Governor at the helm of the Reserve Bank, it was only to be expected that the six-member Monetary Policy Committee would veer
RBI: Ruling may derail resolutions, open the way for more litigation – The Economic Times
The Supreme Court ruling voiding the Reserve Bank of India’s circular on treatment of defaults could affect the pace of corporate insolvency resolution and impact ongoing efforts
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