
Did corporate tax cut of 2019 lead to tax, GDP boom?
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
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
Inflation had been rising in the Indian economy as an impact of the supply disruption and high commodity prices in the wake of the Russia-Ukraine war.
Amid the announcement, shares of three out of four oil producers and refiners are down. RIL stock is up 0.16%, while ONGC, GAIL, IOC are down by 1.39%, 1.77%, and 0.28%, respectively
Rupee has recovered from its all-time low of over ₹80 against the U.S. dollar to ₹78.6 currently. FinMin says rupee has strengthened against currencies like Pound, Yen and Euro
FinMin says it’s a clear impact of measures taken by GST Council to ensure better compliance, better reporting, and economic recovery having positive impact on GST
IMF says global growth prospects have “darkened significantly” as inflation “broadened” beyond food and energy, but FinMin says recession fears have done the opposite – softened inflation pressure
Ministry says economic activity is holding up "better than expected" and a sustained growth momentum seen across high-frequency indicators
DRI conducts searches across Oppo India offices and residences of key management employees, who accept submission of "wrongful description" before customs authorities at the time of import
Gross GST collection in June 2022 is second-highest next to the April 2022 collection; crosses ₹1.40-lakh-crore mark the fifth time since the start of GST
FinMin remains silent on additional revenue these tweaks will rake in, but it points out these measures will not impact domestic prices of petrol, diesel and ATF