Page 16 - Indivjal Dhasmana/ Pti

Consumer durables in IIP down 4% in FY23 compared to pre-covid FY20

Segment falls 12% in FY23 over that in FY19 due to muted demand

Shouldn't return to old pension system with same formula: C Rangarajan

Private investment needs to pick up if India's economic growth has to be sustained at 6-7%, says former RBI governor

Apex court verdict on pre-import conditions gives relief to exporters

Any claim for refund/credit shall be examined on its merits and on a case-by-case basis: SC

Direct tax buoyancy again falls sub-2% in 2022-23

It should be noted that direct tax collection figures are still provisional and GDP figures are on the basis of second advance estimates for 2022-23. The actual figures may change the outcome slightly

Promises and sops: Political parties woo economically sound Karnataka

State does well in many economic parameters, but freebies promised by parties may spoil its finances

Retail inflation affected bottom 20% of rural India more, shows CRISIL data

The impact of inflation on different income classes depends on their consumption pattern and the weight of those items in the consumer price index

Record GST collection but IGST on imports fell 5% on lower commodity prices

If this trend continues, the decline in IGST might indicate weak customs duty collections in FY24

Would be premature to say if people have appetite for MARS: PFRDA's Mohanty

New chairman of PFRDA Deepak Mohanty tells Indivjal Dhasmana that systematic withdrawal plan as permissible under the current statute would soon be introduce

Mattresses supplied to school hostels not exempt from GST: Tamil Nadu AAR

Hosur Coir Foams' supplies will draw 18 per cent integrated GST, rules authority

Issue of GST on intermediary services to foreign clients may get resolved

However, there could be issues in claiming input tax credit by these intermediaries

India's youth population alone not enough for demographic dividend: Experts

Gains require an economic system that uses workforce productively, they say

UN report cautions against misusing population data for societal divisions

Cites published literature, cases of ethno-nationalism, great replacement theory to make the point

HC bench to decide on taxability of intermediary services to clients abroad

Situation arises as two judges of Bombay HC are divided over the matter, which has now been referred to a third judge

Intra-company services by offices registered separately to attract GST: AAR

GST applicable even if employees appointed for firm as a whole, says Tamil Nadu authority

Recent numbers show FY24 doesn't bode well for India's merchandise exports

No reversal seen in the recent contraction or growth deceleration, with WTO projecting goods trade growth by volume to slow to 1.7% in calendar year 2023 from 2.7% in 2022

Appeal by firm can be heard even without certified copy of order: HC

Earlier, an appellate authority under the GST regime had rejected the appeal on the ground that it was not accompanied by a certified copy of the order against which the appeal was filed

Core inflation falls in March but health inflation remains steady, elevated

Household goods and services, personal care products still hovering at high levels

Firms with Rs 100 cr turnover have to upload e-invoices within 7 days

The new rule starts in May and it will apply to document-type invoices in the GST system

Normal monsoon key but not the only factor to keep inflation under control

Developments such as Covid-induced lockdowns and the Russia-Ukraine war have also played a crucial role in keeping the inflation rate elevated

Bengaluru in close race with Delhi in direct tax collection: I-T dept data

Mumbai's share in overall kitty remains highest, but down at about 30% now