The GDP always has a base year, which defines the composition of the economy in that year. As the composition changes, the base year needs to be revised regularly. Abhishek Waghmare explains how that is done.
The forms might soon come "pre-filled" and taxpayers won't have to fill details such as income, income sources, and personal details
The main reason was that CPI inflation would likely remain below 4 per cent till July.
To meet the yearly target, each of the next five months has to yield Rs 1.107 trillion GST collections.
The trend holds true globally as well, but with lower levels of inequality among the sexes, where on average, hourly wages of women are 16 per cent less than those of men.
The challenge before the government now is to use the factors that are favourable to its benefit.
Crorepatis' income rose by a staggering 40% between 2015-2016 and 2017-2018.
Tension between the government, specially the finance ministry, and RBI is as old as the central bank itself.
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
Experts have flagged issues regarding the levying of new cess/tax, especially those related to complications in administering the cess.
The general nervousness because of the IL&FS default will prevail in the system for now.
'When the rupee was at 65 a dollar, we wanted to go to Thailand for a holiday.' 'Now at 72, we may find Goa much more attractive.' 'That's how correction happens.' 'If you don't let that correction happen, then it's a pressure cooker that bursts one day.'
At least a 25 basis points hike can be expected on the October 5 policy
Concerned by the continuous downward revision in the monthly net enrolment numbers, the EPFO has begun counting people quitting their previous jobs and joining a new one as an addition to the net payroll. According to experts these people cannot be counted as those who got a new job.
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
Vijaya Bank assured employees that the service conditions 'will remain unaffected and staff benefits retained'
Among its closest neighbours, India leads in income levels or overall economic empowerment. However, it also leads in terms of income inequality, due to which the inequality-adjusted HDI suffers a bigger fall.
Brokerage firm CLSA says in its interactions with government officials, measures such as the dollar-deposit scheme were under consideration.
The rupee has depreciated 10.5 per cent against the dollar this year, making it Asia's worst-performing currency.
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
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