Page 29 - Indivjal Dhasmana/ Pti

Monetary policy must respond nimbly to second inflation round: IMF official

In a Q&A, the lead author of IMF's Asia and Pacific Outlook, dwells on the impact the Fed's move on the benchmark rate could impact India

Will equip PM, ministers with ways to deal with uncertain world: Suman Bery

'NITI should be seen as an honest broker between the Centre and states', said Bery

Gujarat High Court offers GST relief to homebuyers of certain properties

Currently, 18% GST is levied on construction services in real estate. However, one-third abatement is given for land, due to which effective value of taxation comes to 12%

RBI repo rate hike: Higher yields leave Centre and states concerned

Cost of borrowing to go up; analysts say robust tax revenues crucial

Retail inflation may have touched 7.4-7.5% in April, say economists

Consumer price index (CPI)-based inflation rate rose to 6.95 per cent in March 2022 from 6.07 per cent in the previous month

April GST mop-up notwithstanding, Rs 1.5 trn a month may not happen in FY23

CBIC to focus on scrutiny of returns and audit for better compliance during current fiscal; finance ministry official sceptical, says April usually has high collection due to payment of arrears

India's $5-trillion economy dream: Not before FY29, says IMF

However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29

Karnataka High Court backs simultaneous levy of excise duty, GST on tobacco

A two-judge bench, comprising justice Alok Aradhe and justice S Vishwajith Shetty, basically upheld the earlier order by a single bench of the court in this regard

Fuel tussle: Petrol dearer 5% since November in states with no VAT cut

The Trinamool Congress (TMC) tweeted that the Centre owes West Bengal a whopping Rs 97,807.91 crore

In a first, RBI may have to explain to govt why it couldn't curb inflation

Retail inflation has overshot the 6% upper tolerance limit for three years on the trot; experts say protracted Ukraine war and other factors may keep prices up

Minimum guaranteed-return pension products may have varied capital needs

Those having higher assets under management (AUM) may have greater requirements of minimum paid-up capital: Sources

Will Rajiv Kumar's exit change the rules of the game in NITI Aayog

Aayog will have third vice-chairperson from the next month, while erstwhile Planning Commission that NITI replaced, Montek Singh Ahluwalia had an unhindered stint of almost 10 years as deputy chairman

As NITI vice-chairperson, Suman Bery will now be expected to guide policy

Bery will replace incumbent Rajiv Kumar as Niti Aayog vice-chairperson from the next month

Rajiv Kumar steps down as Niti Aayog Vice Chairman; Suman Bery replaces him

Suman Bery is non-resident fellow at Bruegel, a European think tank specializing in economics.

Should purchasing power parity of $3.2 be made India's formal poverty line?

Experts have some reservations about the methodology used to arrive at the number, and that the poverty figures under the existing PPP of $1.9 per person per day have been understated

West Bengal, Uttar Pradesh and Assam saw over 8% March retail inflation

CPI inflation was more pronounced in rural areas from January in FY22

Extreme poverty in India fell sharply in 2011-19: World Bank paper

Rural decline steeper than in urban centres

Resolve issues on liquor, or trade deals will be lopsided: CIABC's Giri

CIABC director-general Vinod Giri tells Indivjal Dhasmana on India-Australia agreement on wine, interim trade deal and issues on spirits

Not all states are so financially weak that they can't announce freebies

However some such as Punjab and West Bengal are not on sound financial ground

Fuel price rise could not have stoked March inflation, say experts

Price rise in fuels will only reflect in April numbers