
Economic Survey 2023: Govt urges private capex to take lead, create jobs
Indian non-financial private sector debt and non-financial corporate debt as a share of GDP declined by nearly thirty percentage points in the last decade
Indian non-financial private sector debt and non-financial corporate debt as a share of GDP declined by nearly thirty percentage points in the last decade
As per the report, between April 2020 and November 2022, the wealth of billionaires in India surged by 121% or ₹3,608 crore per day.
Corporate tax reported by 8,000 unlisted companies in India dropped by 42% in FY22.
Leading experts discuss what finance minister Nirmala Sitharaman can do to give a booster shot to the Indian economy.
FM retorts to Congress’s “tax bonanza” jibe to the corporate sector by Modi govt, listing instances when corporate tax rates were reduced during Congress rule.
The percentage of net corporate tax to GDP, at current prices, was 3.01% in FY22, shows FinMin data.
The direct tax collection, net of refunds, was up 16.3% at ₹7.45 lakh crore, compared to the corresponding period last year.
Congress urged the Centre to announce tax breaks for the middle and lower income classes.
A parliamentary panel estimates a loss of ₹1.84 lakh crore due to the 2019 corporate tax cut in the first two fiscals of FY20 and FY21 alone
The Amazon founder hit out at U.S. president Joe Biden for linking inflation with corporate taxes.