Before 2019, an estimated 22 million individual income-tax returns did not have to pay any taxes. But after the change in the exemption level, another 13 million individual tax returns did not require to pay taxes. Thus, of about 58 million returns, as much as 63 per cent or 35 million went out of the direct tax net, A K Bhattacharya points out.
Over the next five years, it will be Narendra not Nitish who will be under pressure to deliver vikas and atmanirbharta in Bihar, notes Kanika Datta.
About 250 billion litres of alcohol is consumed all across the world, with European nations leading the pack.
'The border stand-off and the uncertainties that come with it should be a wake-up call on what makes for real rather than illusory power,' observes T N Ninan.
Presenting the budget for the sixth consecutive time in the Assembly, Sisodia said the Delhi government will implement the Ayushman Bharat Yojana of the Centre in the national capital.
'This encourages escapism through the politics and economics of nationalism, made worse by tribalism or nativism, the package accompanied inevitably by the erosion of institutional bulwarks and therefore State capture by powerful businessmen,' notes T N Ninan.
Patel, who headed the RBI from September 2016 till his sudden resignation in December 2018, says in his book thta the government seemed to lose enthusiasm for the new bankruptcy law in the middle of the year he left the central bank. Though Patel does not name anybody in the book, the mid-2018 period he refers to is the time when Piyush Goyal held temporary charge of the finance ministry between May and August.
The Economic Survey says, massive efforts are needed in the form of investment in social infrastructure, skill development and empowerment of women.
We asked you to tell us your reason for choosing not to vote. This is what our readers shared.
The government hopes to use this data to assess the extent of financial support needed to recover from the pandemic.
On an average, Delhiites pocketed highest incomes of Rs 49,172 followed by Goans who earned Rs 47,507 during the year, even though their per head earnings grew at 6.9 per cent and 6 per cent respectively.
'Ladakh is a tiny salami-slice issue.' 'The big one for China is Arunachal Pradesh, more than 83,000 sq km.' 'Do they imagine they can grab any of this by force?' 'In the 21st century, nursing those thoughts only means you need to get your heads examined.' 'It isn't going to happen,' declares Shekhar Gupta.
The legislation was passed by 125 votes in favour and 61 against.
China's economy, which suffered 6.8 per cent slump in the first quarter due to the coronavirus pandemic -- the worst in 44 years -- bounced back posting 4.9 per cent growth between July and September buoyed by the government's sweeping efforts to stimulate demand and consumption.
Tharoor was asked by a Pakistani journalist as to how the political fortune of the Indian government was impacted by the rising COVID numbers. He said it was paradoxical as the government was "not doing well" in dealing with the pandemic and people realise that, but polls suggest that it has not hurt the BJP politically as it should.
The top reasons for dissatisfaction were an unsuitable corporate culture, difficult bosses and being asked to do more with less.
The major task of the country is to move as fast as it can to achieve a higher standard of living, said former RBI governor C Rangarajan.
Power is held to effect change. Modi has shown himself incapable of affecting it in the positive sense. On the economy, on the border, on employment, on the epidemic, observes Aakar Patel.
The reduction of tension on the Chinese border may have reduced the urgency of a Biden-Modi meeting, but the sooner Modi starts a bromance with Biden the better as he had done with Obama and Trump, suggests Ambassador T P Sreenivasan.
The J&K report card above that shows important metrics for the state.
We will improve the ease with which business is done in India.
Here's why India's tax collection has not been able to keep pace with the rise in GDP.
With the gradual opening up of shops, hotels, restaurants and catering services with limited number of participants, milk consumption has improved by 5-10 per cent from the lowest level.
Here's why India's tax collection has not been able to keep pace with the rise in GDP.
India's economy is showing signs of slowdown, with hi-frequency indicators like industrial output posting subdued growth and automobile sales touching historical lows.
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.
An interplay of Modi government's outreach in Bihar and the sequence of events in Chirag Paswan's life could make Bihar a game of musical chairs when the results are out.
If he doesn't, two things are guaranteed: Failure for him, and continued slide for his nation despite its talented people, strong nationalism, the gift of geography and a formidable army, points out Shekhar Gupta.
India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment. The Gross Domestic Product (GDP) growth stood at 5.7 per cent in the corresponding quarter of 2018-19, according to data released by National Statistical Office (NSO) on Friday.
Gujarat is one of the fastest growing states in India.
Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
India loses due to population despite being the 10th largest economy.
The country ranks 41st in number of tourists received but 1st in per-capita spend by them.
A report card titled '10 Years of Progress and Growth' highlighting achievements of the government led by Prime Minister Manmohan Singh on Friday said 'average GDP growth rate during the period of UPA government (2004-05 to 2013-14) has been 7.7 per cent despite two global slowdown in this period'.
According to VNI, Internet traffic in India is projected to jump by over five fold between 2013 to 2018.
Policymakers need to work towards raising the median household income rather than per capita income.
Greece is not the only country that is feeling the pain of rising external debt.
India and the US had on July 17 signed a preliminary agreement for cooperating on emergency crude oil reserves, including the possibility of India storing oil in the US emergency stockpile.
China's gross domestic product (GDP) accounted for 9.5 per cent of the world's total in 2010, ranking second in the world, but its per capita gross national income (GNI) lagged behind 124 countries.
India also fares poorly on maternal mortality rate.
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