Page 11 - Arup Roychoudhury

FSDC discusses ways to ease inter-regulatory issues at IFSC-GIFT City

Council held meeting in Mumbai on Thursday, chaired by Union Finance Minister Sitharaman

FSDC stresses on the need to monitor India's financial sector risks

Meeting discusses that it's endeavour of regulators to ensure incidents like the NSE colocation scam don't repeat and there are better ways to deal with the fallout

India Ratings cuts India's FY23 GDP growth forecast to 6.9% from 7%

India Ratings projects GDP growth of 7.2 percent in July-September FY23 quarter, 4 percent in October-December and 4.1 percent in February-March

Finance Minister Sitharaman nudges India Inc to clear unpaid dues of MSMEs

Nirmala Sitharaman said it is encouraging that larger companies are including amounts owed to MSMEs in annual statements

The case for greater centre-state coordination to meet long-term goals

Many public policy experts and policymakers have stated that more mechanisms are needed for regular centre-state coordination and interaction on various issues

SFIO arrests 'mastermind' behind web of Chinese shell companies

The September 10 arrest comes after Finance Minister Nirmala Sitharaman directed the MCA to identify shell companies that can be used to siphon off funds

I-T detects Rs 100 cr undisclosed income from 2 Maharashtra groups

CBDT said that so far, the search action on both groups has led to detection of unaccounted income of more than Rs 100 crore, and undisclosed assets of more than Rs 5 crore have been seized

Direct tax mop-up jumps 35.5% to Rs 6.48 trillion in FY23: Govt

The ministry said refunds amounting to Rs 1.19 trillion have been issued till September 8 this fiscal year, 65.3 per cent higher than the refunds issued for the same period in FY22.

Managing inflation can't just be left to RBI: FM Nirmala Sitharaman

'Monetary and fiscal policies have to work in tandem; importing Russian oil part of inflation management'

Democracy holds India together as country and economy: BS Panel

For the next 25 years, the panellists picked equitable wealth distribution as the biggest issue to be addressed

Job creation, wealth distribution priority over inflation: FM Sitharaman

The finance minister said if India and the United States joined efforts in growing their respective economies, they might be the engines of global growth within the next two decades

Moody's retains India rating and outlook, days after cutting GDP forecast

Says credit profile reflects strengths like large and diversified economy, but warns that country is highly exposed to climate change events

Working on road map to advanced economy, says FM Nirmala Sitharaman

Sitharaman said the principal focus would be equitable distribution of wealth so that India grows to become an advanced economy by 2047

GoM for different GST on sports betting, casinos and horse racing

Group of ministers to seek legal opinion for the move

Tax dept unearths Rs 58,000 cr in winnings of players on Indian gaming app

Winners have to pay about Rs 20,000 crore in tax

Centre may cap upcoming first green bond issues at Rs 25,000 crore

Green bond proceeds will be used to fund projects which will help India meet COP commitments

Direct tax collections may exceed budget targets, CBDT chief says

Gupta added that if the trend continues, direct tax collections for FY23 could exceed the budget target of Rs 14.20 trillion

Day after Q1 GDP data, a spate of forecast cuts by banks, institutions

Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth

India's real GDP growth will exceed 7% growth in FY23: Finance secretary

This would make India the world's fastest growing major economy in FY23

Private consumption, capital investment rises in Q1, govt consumption slows

The GDP numbers, Finance Secretary T V Somanathan said this trend was par for the course, as GFCF in Q1 was usually lower than the previous year's Q4.