All stories by Indivjal Dhasmana
Covid-19 crisis: Signs of economic recovery fragile, say expertsRediff.com12 Oct 2020
'The real lifting of the economy will happen only if this momentum sustains in the coming months.'
All you MUST know about the new tax rulesRediff.com2 Oct 2020
From road transport to health insurance, tax rules have changed from October 1.
E-com cos fret over Madras HC ruling on GST refundsRediff.com23 Sep 2020
The high court's order, which says refunds paid on service inputs can be restricted, runs contrary to Gujarat HC verdict and could complicate matters.
OECD raises prospects for global GDP, cuts it for IndiaRediff.com17 Sep 2020
While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent.
India will need to find jobs for additional 90 mn: ReportRediff.com27 Aug 2020
The McKinsey report said faster employment growth at 12 million non-farm jobs annually is needed in the post-Covid period till 2029-30, up from just four million created each year between 2012 and 2018.
RBI may escape govt's scrutiny for missing inflation targetRediff.com17 Aug 2020
If imputed inflation for April and May is used, then you have inflation of over 6 per cent for two consecutive quarters, which is a worrying signal for the RBI.
China, Vietnam, Taiwan help arrest fall in engineering exportsRediff.com25 Jul 2020
Outbound shipments of engineering products in June to these nations doubled to $1.32 billion in June 2020, from $653.52 million in June 2019.
Raghuram Rajan differs with FM, says NPAs will see unprecedented riseRediff.com15 Jul 2020
Rajan said that while there were talks about Jan Dhan, it was difficult to target transfers to people through this tool. Jan Dhan, he said, does not really work as advertised.
'Ministry should end controversies related to GDP computation'Rediff.com30 Jun 2020
There has been criticism of the official statistics ever since MoSPI came out with new methodology to estimate the GDP on the base year of 2011-12 compared to earlier 2004-05.
In Charts: FDI inflows revive in FY20, but face Covid test in FY21Rediff.com8 Jun 2020
The inflows came higher in March than in February of 2019-20 despite the lockdown for a week, reports Indivjal Dhasmana.
April's GST collection falls 87% to Rs 5934 crRediff.com31 May 2020
The data primarily pertains to activities in March, which had only a few days under the Covid-19 lockdown. For April , hence, CGST collections could be much lower, fear analysts.
Bigger reforms coming, we'll see a V-shaped recovery: CEA SubramanianRediff.com14 May 2020
Krishnamurthy Subramanian listed land, labour, law, and liquidity as the key areas of big reforms.
'When people are about to die of hunger, you have to step in big time'Rediff.com1 Apr 2020
'Most of the measures the finance minister announced will take effect after the lockdown.' 'By that time, millions of people will be starving.'
How MNC arms can settle their transfer pricing disputesRediff.com3 Mar 2020
Under the Vivad se Vishwas scheme, the MNCs will have to bring in disputed amount to India, else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid.
GST collection crosses Rs 1-trn mark for the fourth month in a row in FebRediff.com2 Mar 2020
The mop-up could have been much higher, but tax on imports fell 2 per cent y-o-y.
The most important number in Sitharaman's 2nd BudgetRediff.com29 Jan 2020
The numbers become all the more important because actual tax collections fell short by Rs 1.91 trillion compared to what was projected in 2018-19. Besides, the Budget for FY20 did not give actual figures for 2018-19, but the revised numbers given in the interim Budget.
Budget will play a critical role in reviving growth: EconomistsRediff.com8 Jan 2020
Measures that quickly boost demand and increase employment are needed to push up growth. Moreover, without announcing new planss, the government should strengthen schemes such as PM KISAN, MNREGA and programmes to build rural roads.
11 states record retail price inflation rate over 6% in NovemberRediff.com4 Jan 2020
The states that witnessed high CPI-based inflation rates were Lakshadweep, Tripura, Odisha, Uttar Pradesh, Kerala, Madhya Pradesh, Puducherry, Tamil Nadu, Rajasthan, Manipur and Mizoram.
GST: Electronic invoicing, new returns to be introduced in 2020Rediff.com31 Dec 2019
E-invoicing would be implemented on a voluntary basis by those having an annual turnover of above Rs 500 crore from January 1.
'Budget should focus to boost rural demand, not income tax cut'Rediff.com23 Dec 2019
To propel demand, one should concentrate on indirect taxes and bring down the goods and services tax (GST) rates to a uniform 12 per cent as the Vijay Kelkar panel had recommended, said Ajit Ranade, chief economist at Aditya Birla Group.
Number of crorepatis rose by 16,345 in '18-'19Rediff.com12 Oct 2019
As many as 97,689 people had more than Rs 1 crore gross income in 2018-19 AY against 81,344 in the previous year, shows official direct tax data.
Faceless tax e-assessment begins; 58,222 notices sentRediff.com8 Oct 2019
Though the system is called faceless, it would have a room for inviting tax payers through video conferencing.
Govt has a new plan to boost direct tax mop-upRediff.com20 Sep 2019
The government has set a direct tax collection target of Rs 13.35 trillion, which includes Rs 7.66 trillion from corporation tax and Rs 5.69 trillion from personal income tax.
Aug GST collection falls below Rs 1 trillionRediff.com2 Sep 2019
The collections stood at Rs 98,202 crore in the month, against Rs 1.02 trillion in July. The figures indicate continuation of economic slow down which was reflected in the gross domestic product (GDP) growth which plummeted to a 25-quarter low of 5 per cent in the first quarter of 2019-20, experts said.
It will take 1-2 years to come out of economic slowdown: Bimal JalanRediff.com21 Aug 2019
If the government takes action to implement its announcements on the infrastructure front, the economy will improve, says Bimal Jalan, former RBI Governor.
UK, France push India's economy to 7th spotRediff.com1 Aug 2019
According to data compiled by the World Bank, the UK's economy grew to $2.82 trillion and the French economy expanded to $2.78 trillion in 2018, against India's $2.73 trillion, showed the data.
Tax authorities flayed for error in assessmentRediff.com1 Aug 2019
CAG found irregularities in 340 high-value cases pertaining to corporation taxes to the tune of Rs 4,866 crore.
2 years after roll-out, GST glitches still exist, says CAG reportRediff.com31 Jul 2019
The Centre's revenue from GST registered a decline of 10 per cent in 2017-18 compared to revenue of subsumed taxes in 2016-17.
IMF cuts India's GDP growth rate to 7%Rediff.com24 Jul 2019
However, the World Bank has projected India's GDP growth rate at 7.5 per cent for the next three financial years, including the current one.
Sitharaman vows that every number in Budget is authenticRediff.com11 Jul 2019
A query has been raised about the "missing" Rs 1.7 trillion fiscal hole in India's financial accounts. This is so because the Budget uses the revised estimates, a projection of how much the government was expected to earn, while the Economic Survey uses the first actual numbers.
Punish, but don't ban Deloitte, US urges IndiaRediff.com19 Jun 2019
The US government has also conveyed to India that multi-national corporations and foreign investors make their decision to invest globally on the advice and guidance from the Big Four networks, which also provide consultancy services. Deloitte ban will disrupt businesses and investment inflows.
Skymet advises farmers to delay crop sowingRediff.com4 Jun 2019
Sowing of crops at this point of time, when the onset of monsoon is delayed and chances of good rains are less, will only push up the cost for farmers and also hamper the yield of the crop: Skymet.
Economists worried over fiscal stimulus, urge RBI to cut rateRediff.com3 Jun 2019
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
What's in a name? Well, actually a lotRediff.com24 May 2019
Choosing your company's name? MCA lists examples to avoid any duplication. The Ministry of Corporate Affairs made it clear that the use of different phonetic spellings, including the use of misspelled words of an expression, would be treated as same.
RBI must introspect its role in lower growth, says GoyalRediff.com6 Apr 2019
Piyush Goyal, who held the post of finance minister when Arun Jaitley was undergoing treatment, told the Confederation of Indian Industry's annual session: "All stakeholders, including the RBI, should introspect on their respective roles (on low economic growth)."
EPFO numbers for Jan 2019 boost govt claims on jobsRediff.com22 Mar 2019
January 2019 saw the maximum number of employment being generated since the data from September 2017, reports Indivjal Dhasmana.
Why India's exporters are a worried lot todayRediff.com20 Feb 2019
The WTO's quarterly outlook indicator, comprising seven trade parameters, stood at 96.3, the lowest since March 2010 and down from 98.6 in November. Exports from India would be hit if there is a slowdown in world trade.
Growth in NDA's last year better than UPA's, but still below parRediff.com22 Jan 2019
However, economic growth in five years of the UPA and NDA cannot be compared because of the now complex back series data, reports Indivjal Dhasmana.
5 likely GST changes after 2019 pollsRediff.com17 Jan 2019
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
Here's how Jaitley's on course to meet FY19 fiscal deficit targetRediff.com11 Jan 2019
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.