Off-Balance: How Global Equity Indices Undermine India Story
MSCI methodology makes India underweight in global indices. As a result, investors fail to capitalise on Indian equities.
MSCI methodology makes India underweight in global indices. As a result, investors fail to capitalise on Indian equities.
Post GST, credit to MSMEs has grown at a faster rate even as overall credit growth has faltered.
As of February 2024, the total gross GST collection for the current fiscal stands at ₹18.40 lakh crore, up 11.7% for the same period in FY23.
Direct tax collection constitutes 80% of the revised budget estimates for the entire fiscal year up to February 10, 2024.
The average tax-GDP ratio for FY15 to FY24 RE is about 10.95%, higher than the ten-year average of 10.5% during 2005-14.
During the 14th FC’s five-year award period (2015-16 to 2019-20), Karnataka received ₹1,51,309 crore as tax devolution, the central government states.
Sanjay Kumar Agarwal, chairman, Central Board of Indirect Taxes and Customs (CBIC), tells Fortune India what is driving the buoyancy in GST (goods and services tax) revenues.
India Energy Storage Alliance (IESA) urges the government to reduce GST on lithium-ion batteries to 5%.
Parent Vedanta Resources gets board nod to postpone maturity of $3.2 bn in outstanding corporate bonds.
Maruti Suzuki’s Gujarat arm is the latest one to receive ₹173.9 cr tax notice.