'There are obvious concerns regarding revenue leakage which is understandable, but there are also concerns about whether or not well accepted, judicially tested, fair and proper procedures are being followed during such arrests.'

However, the department has not changed ITRs significantly, considering Covid-19 crisis.

CAG recommended fixing a definite time frame for rolling out simplified GST return forms.

The apex court has settled the long-pending dispute between companies such as Samsung, IBM, HP & others and the tax department.

Taking lessons from that, I would think seamless digital payments is something you have to clearly have a roadmap for, the FM said.

Working hours cannot go beyond 48. Those who give a four-day week will have to provide three consecutive holidays after that.

'Pump prices of petrol and diesel have reached historical highs. An unwinding of taxes on petroleum products by both the Centre and the states could ease the cost-push pressures,' the Monetary Policy Committee (MPC) has said.

Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.

India has demanded resumption of export benefits to certain domestic products under GSP, and greater market access for its products from sectors like agriculture, automobile, auto components and engineering. On the other hand, the US wants greater market access for its farm and manufacturing products, dairy items and medical devices, data localisation, and import duties cut on some ICT products.

Sitharaman does away with loans from National Small Savings Fund to Food Corporation of India.

There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.

As the largest producer of vaccines in the world, with 60 per cent of the global share, India is well-positioned to use its existing manufacturing capabilities to contribute to mass vaccine production and distribution needs for other countries in addition to meeting its domestic requirements, said Moody's.

As spending on infrastructure has three times the desired impact, the government's Rs 111 trillion National Infrastructure Pipeline should be accelerated: Assocham president, Vineet Aggarwal

If the government cuts wasteful expenditure as it is trying now, the deficit would at most fall to 8 per cent, not less than that.

This provision is a very smart rule against fraudster and would not affect any genuine business entities or Ease of Doing Business in any manner, said a source.

An important focus of the dry run will be on management of any possible adverse events following immunisation.

They have also called for giving cash to the poor, so that demand is generated in the economy.

'The fourth quarter will show a positive growth in GDP.'

Experts warn of over-interpreting the numbers and said their sustainability needed to be watched beyond November, says Indivjal Dhasmana.

At over 6 per cent, most states in October had inflation rates above the Reserve Bank of India's target band of 2-6 per cent.