Clipped from: https://www.business-standard.com/article/opinion/why-gdp-data-is-irrelevant-to-markets-121060700003_1.html Technology has changed how we collect data and which data set is more reliable This is my third piece in a series that
Category: Economy
Hike corporation taxes now: GVA underscores disparity between India Inc & MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/hike-corporation-taxes-now-gva-underscores-disparity-between-india-inc-msmes/2266265/ A retrospective higher tax for FY21 not out of place On the contrary, fat-cat corporations and banks that were, in any case, raking
MSME schemes 2020: What was announced, what was utilised, and what is needed in 2021 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-schemes-2020-what-was-announced-what-was-utilised-and-what-is-needed-in-2021/2266219/ As we grapple with an even deadlier second wave of the pandemic this year, it would be interesting to see how last year’s
Production-Linked Incentive scheme reset: Govt may shift smartphone PLI by a year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/production-linked-incentive-scheme-reset-govt-may-shift-smartphone-pli-by-a-year/2266267/ Outlay, investment & sales targets, and incentive structure would remain the same Companies that did not meet the FY21 incremental sales target now
China is now second-largest export destination, behind only US – The Financial Express
Clipped from: https://www.financialexpress.com/economy/trade-talk-china-is-now-second-largest-export-destination-behind-only-us/2266285/ Analysts, however, caution against reading too much into the FY21 data, saying “one swallow doesn’t make a summer”. As such, the pandemic year
Are Bitcoins & NFTs opportunities or Ponzi schemes? – SWAMINOMICS: The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/swaminomics-are-bitcoins-nfts-opportunities-or-ponzi-schemes/articleshow/83275976.cmsSynopsis You could call this a huge democratisation of wealth, enabling youngsters with no inherited wealth or networks to beat old wealth by creating,
India needs to firm up the digital tax pillar before agreeing to global tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-india-needs-to-firm-up-the-digital-tax-pillar-before-agreeing-to-global-tax-reform/articleshow/83289304.cmsSynopsis Will India and other developing economies gain from the proposed deal? India will gain only with a comprehensive pact that also covers an
Seal a tax deal | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/seal-a-tax-deal-121060600878_1.html Minimum global corporate tax rate solves many problems The group of seven industrialised countries, or G-7, has agreed in principle on what may
G7 makes a good start on tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/g7-makes-a-good-start-on-tax-reform/articleshow/83288635.cmsSynopsis Often, MNCs are known to shift their tax liability by assigning a share of costs and profits to a subsidiary in a low-tax
Targeting growth | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/targeting-growth-121060600879_1.html RBI should not underestimate risks The decision of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday to leave the policy rate
One more step to a functional bond market – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/one-more-step-to-a-functional-bond-market/articleshow/83288629.cmsSynopsis NCRPS are hybrid instruments that carry a fixed dividend rate, are redeemable, and the holder is entitled to voting rights in case the
Should taxes on petro products be reduced? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/should-taxes-on-petro-products-be-reduced/article34701363.ece The govt cannot afford to as it spends a huge amount on crude oil imports and petro goods are a healthy source of
Changing GST rates for Covid-supplies no panacea – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/changing-gst-rates-for-covid-supplies-no-panacea/2263326/ The solution lies in ensuring adequate supply and not making ad hoc changes to GST rates As there is market failure due to
GVA showing good, but still need a fiscal push – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gva-showing-good-but-still-need-a-fiscal-push/2263330/ Without wide vaccine-coverage, consumer-spend will be muted; sans support, MSMEs, lower income households face more pain Without a push, the economy is unlikely
Top five lifestyle retailers save Rs 2,700 cr in costs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/top-five-lifestyle-retailers-save-rs-2700-cr-in-costs/articleshow/83163596.cms SynopsisTop five listed lifestyle retailers and quick service restaurants – Aditya Birla Fashion and Retail, Shoppers Stop, Trent, Burger King, and Westlife Development
GST revenue falls to Rs. 1.02 lakh crore in May – Today’s Paper – The Hindu
Clipped from: https://www.thehindu.com/todays-paper/gst-revenue-falls-to-rs-102-lakh-crore-in-may/article34742510.ece Lowest collections since Sept. 2020 India’s Gross GST revenue fell to Rs. 1.02 lakh crore in May, from a record Rs. 1.41 lakh
The bird and the worm agree | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/the-bird-and-the-worm-agree-7345824/ The average Indian cannot aspire to climb the Hill. He or she is more or less confined to the village or to the
The shrinking middle: Middle class is hurting. GoI must act quickly
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/the-shrinking-middle-middle-class-is-hurting-goi-must-act-quickly/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
How has the second wave of Covid hit trade? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/how-has-the-second-wave-of-covid-hit-trade/articleshow/83253696.cmsSynopsis The problem that many businesses face, like last year, is that of manpower. But where last year, the crisis was because of the
The great Indian tax paradox: Can the tax mop-up keep its pace in the current fiscal? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/the-great-indian-tax-paradox-can-the-tax-mop-up-keep-its-pace-in-the-current-fiscal/articleshow/83265391.cmsSynopsis Augmenting tax collection is critical. If the pandemic continues, pro-poor schemes will need more resources. Ramping up the heath infrastructure to prepare for
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