Page 33 - Indivjal Dhasmana/ Pti

Sound fiscal consolidation can boost India's rating outlook: Gita Gopinath

In a Q&A, the chief economist at IMF says that high frequency indicators for the third quarter of Calendar 2021 indicate momentum in India's economic recovery

Will India gain by withdrawing equalisation levy in exchange for OECD deal?

There is little consensus among experts on whether or not the deal will bring in more revenues to India than the equalisation levy

Trade deficit at all-time high of $23 bn in Sept on festive season imports

Export growth halves to 23%, imports soar by 85%; repercussions likely on current account balance which is set to hit a deficit in Q2 against surplus in first quarter of current fiscal

WPI-based inflation falls in Sep, but stays in double digits at 10.66%

Hardening global commodity prices spill over to domestic market

Govt debt likely to breach 90% of GDP this year, says IMF report

The Centre's debt was at 58.8 per cent of GDP in FY21. It fell slightly to 57.6 per cent in the first quarter of FY22

IMF keeps its India economic growth projection for FY22 unchanged at 9.5%

Says India will be the fastest-growing major economy in the world again

Retail price inflation falls to 5-month low of 4.35% in Sept on food prices

Noticeable slide was orchestrated by a fall in prices of vegetables

Orissa HC rules deposits for GST appeals must be filed via cash ledger only

Experts say this would have repercussions on businesses having accumulated tax credits

Does India have a case for the upgrade it seeks from rating agencies?

The economy is yet to reach pre-pandemic level on many fronts, fiscal deficit and debt-to-GDP ratio remain pain points; however, key reforms could work in the country's favour

WB flags under-reporting of Covid deaths in India, other S Asian nations

World Bank retains India's GDP growth projection at 8.3% for FY22, cautions any global slowdown due to Covid waves may pull it down

Fitch cuts GDP growth projections to 8.7% for FY22 from 10% earlier

A day ahead of policy review, it expects RBI to hold policy rates during FY22

GST rate clarifications on cattle feed may lead to disputes

DDGS falls under the category of residues and will get similar treatment in terms of GST rate as is given to other residues

Triggers for rating upgrade won't be met over 12-18 months: Moody's exec

Moody's senior vice president Christian de Guzman speaks about the rating agency's upgraded ratings outlook for India and more.

Moody's upgrades India's rating outlook to 'stable' from 'negative'

Retains lowest investment grade rating

Refund interest paid on ineligible input tax credit, says industry

The levy of interest on availed but unutilised input tax credit is a subject of significant disputes in GST since its implementation

Services activities moderate in Sept but firms continue hiring: PMI survey

Increase in companies creating employment ended a nine-month sequence of job shedding.

Doing WFH due to Covid no reason to cancel of GST registration: HC

Court orders CBIC to issue austere circular mandating tax officers not to cancel registration of any taxpayer during the pandemic period otherwise than on charges of tax evasion

Study bats for OECD multilateral approach to tax digital services

Paper by Shardul Amarchand Mangaldas and Jindal Global Law School opposes digital service tax, currently imposed by individual countries, such as equalisation levy by India

Economy slowly returning to pre-Covid, cloud over topping level two yrs ago

Economic recovery: GDP at constant prices during Q1 of FY22 was still 9.2 per cent lower than in Q1 of 2019-20, a pre-Covid period. But economists expect GDP to hit the pre-pandemic level by Q3FY22

OECD trims India's economic growth forecast to 9.7% for FY22

If the projections come out to be correct, India's economy would be the fastest growing large economy in both these years