Clipped from: https://www.business-standard.com/article/economy-policy/subdued-revenue-spend-may-hit-economic-recovery-say-economists-121080600029_1.html Experts say reduction in revenue expenditure may not result in capex rise Illustration: Binay Sinha The Centre’s capital expenditure saw a robust double-digit growth in
Category: Economy
Move to do away with infamous retro tax will boost investment sentiments | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/move-to-do-away-with-infamous-retro-tax-will-boost-investment-sentiments-121080501695_1.html The Bill now introduced in the Parliament proposes to provide that no tax demand shall be raised on indirect transfers effected prior to
Retro tax must be resolved via Indian law, not arbitral award: Somanathan | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/retro-tax-must-be-resolved-via-indian-law-not-arbitral-award-somanathan-121080600035_1.html Somanathan says that the government doesn’t support retrospective taxation since it creates sudden and fresh liability and is not in line with the
‘Disbursements set to grow, while NPAs will decline’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/disbursements-set-to-grow-while-npas-will-decline/article35740624.ece?homepage=true Mahindra Finance sees continued demand pick-up in July Mahindra and Mahindra Financial Services has seen an improvement in rural sentiment as the second
PLI scheme for Atmanirbhar Bharat: An elusive Philosopher’s Stone! – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/pli-scheme-for-atmanirbhar-bharat-an-elusive-philosophers-stone/article35716071.ece For a self-reliant India, one needs generic policies that will enhance overall competitiveness. One needs to adopt modern chemistry The process of converting
Inflation risks | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/inflation-risks-121080301969_1.html RBI should give a near-term road map for policy normalisation Most economists do not expect the Monetary Policy Committee (MPC) to change either the policy
RBI monetary policy meet: Beyond the growth-inflation trade-off | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-monetary-policy-meet-beyond-the-growth-inflation-trade-off-121080302015_1.html An accommodative stance on monetary policy (unchanged since June’19), in the face of an unfavourable growth-inflation trade-off is understandable for now Tirthankar Patnaik,
Focus on capital formation is the best way to create employment: L&T CEO | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/focus-on-capital-formation-is-the-best-way-to-create-employment-l-t-ceo-121080301129_1.html In a Q&A, S N Subrahmanyan says he is confident of margins through overhead recovery despite high input costs File Photo of S
Food-inflation a result of short-sighted policies? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/food-inflation-a-result-of-short-sighted-policies/2302853/ The intermittent invocation of the Essential Commodities Act, especially for pulses in recent months, illustrates this As per government estimates of production, availability
Revenue picture robust, govt must trim fuel levies – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/revenue-picture-robust-govt-must-trim-fuel-levies/2302854/ Given there’s been no direct stimulus—and likely none coming—high fuel taxes and their impact on inflation are unconscionable Going by the current trend,
eway bill: E-way bills clock 64.1 million in July – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/e-way-bills-clock-64-1-million-in-july/articleshow/85003192.cmsSynopsis E-way bills are needed for transportation of goods of more than Rs 50,000 in value. With states easing restrictions and removing lockdowns amid
global trade: India wants to expand its share in global trade, but its exports basket is outdated – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/india-wants-to-expand-its-share-in-global-trade-but-its-exports-basket-is-outdated/articleshow/84994545.cms SynopsisFor a country that has a contribution of less than 5% in global trade, India’s dreams of achieving a $1-trillion exports target by
Post-Covid growth strategy: For economic revival, public investment and exports will have to do the heavy lifting
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/post-covid-growth-strategy-for-economic-revival-public-investment-and-exports-will-have-to-do-the-heavy-lifting/ Three decades after the 1991 reforms, India’s growth imperative remains every bit as urgent, to help recover lost jobs, ameliorate scarred incomes and
Govt should step up spending to provide support to the economy
Clipped from: https://indianexpress.com/article/opinion/editorials/covid-second-wave-indian-economy-gst-7435234/ Centre’s finances have fared well. But limited disinvestment, need for higher spending, could build up pressure. At the aggregate level, the Centre’s gross
Where reforms didn’t deliver–Madan Sabnavis – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/where-reforms-didnt-deliver/article35686521.ece The scorecard on health, education and employment is poor The three decades of economic reforms since 1991 have certainly ushered in major changes
India’s jobless rate drops to four-month low in July as Covid ebbs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-jobless-rate-drops-to-four-month-low-in-july-as-covid-ebbs-121080200602_1.html The country’s unemployment rate was 9.17% in June, says CMIE Photo: Bloomberg India’s jobless rate fell to the lowest level in four months
Good Augury of High GST Collections – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/good-augury-of-high-gst-collections/articleshow/84983593.cmsSynopsis GST revenues for June, collected in July, stood at ₹1,16,393 crore, 25% higher than the preceding month. The rise came both from domestic
capex boom: View: Are we on the cusp of another capex boom? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/view-are-we-on-the-cusp-of-another-capex-boom/articleshow/84974979.cmsSynopsis Conversations on capex revival are once again back on the center stage with utilizations going up in much of the core industries. India
MPC meet: RBI unlikely to tinker with benchmark rates – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mpc-meet-rbi-unlikely-to-tinker-with-benchmark-rates/articleshow/84962223.cmsSynopsis The central bank’s “accommodative” stance should see no change when the Monetary Policy Committee meets to discuss the policy on August 4-6, economists
Securing India’s fiscal health | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/securing-india-s-fiscal-health-121080100896_1.html Govt should prepare for medium-term challenges The decline in the number of Covid cases over the past several weeks in large parts of
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