Page 36 - Indivjal Dhasmana/ Pti

Gross borrowing slightly exceeds revised estimates by 1% over lockdown

The borrowings were further raised to Rs 12.80 trillion in RE as the government also tried to bring transparency in subsidies

PFRDA set to provide a better option than annuities to NPS members

Mulls raising threshold to Rs 5 lakh from current Rs 2 lakh for exemption from annuity requirement, hiking maximum age to 70 yrs from 65 yrs for NPS entry, a minimum guaranteed product, on-tap license

Flavoured milk to draw 12% GST: Gujarat-based Authority for Advance Rulings

The ruling was delivered in a case filed by Vadilal Industries for its product Power Sip. Harpreet Singh, partner at KPMG, said the government should now clarify its position on this issue

Global minimum tax may impact India's special rate on manufacturing firms

US proposal to raise the global corporate tax rate to 28% from 21% might face resistance from countries unwilling to give up their edge and compete with America on its terms

Central govt's indirect tax collection up 12% in FY21, GST number falls

Customs duty collections stood at Rs 1.32 trillion during FY'21, representing around 21 per cent growth.

CII bats for ramping up vaccination production to fight Covid second wave

Industry body also says that vaccination should be open to all age groups

March inflation rises to four-month high of 5.52% due to food, core prices

The development may prevent RBI's monetary policy committee from cutting policy rates unless growth really takes a hit due to regional lockdowns in 2021-22, experts say

FM backs IMF view on pandemic, urges universal applicability of Covid jabs

Says burden of economic transformation to a low carbon world is disproportionately higher for emerging market, developing and low-income economies

GST: Firms challenge constitutional validity of arrest rules in top court

Counsel for companies raises concerns about whether or not well accepted, judicially tested, fair and proper procedures are being followed during such arrests

A deep dive into the labour codes and what they have in store for India Inc

The rules relating to these codes, finalised by the union labour ministry, are silent on several concerns of Indian enterprises and other stakeholders

IMF scales up India's FY22 GDP growth forecast to 12.5%; experts unsure

The Fund's projection suggests India would again become the world's fastest-growing large economy

India hosts summit of BRICS Finance Ministers, central bank heads virtually

In separate meeting with Kerry, FM emphasises on increasing fund flows from developed to developing nations to battle climate change

Manufacturing PMI falls to 7-month low in March as Covid cases rise

Employment declined in March, says report as central bank's committee meets for monetary policy.

Poonam Gupta to head NCAER as its first woman director general

Succeeds Shekhar Shah who has led NCAER since 2011 and will complete his second five year term in early May

New ITR forms aligned with changes in Finance Act: Check details here

Presumptive taxation provisions allow companies below a threshold to not keep detailed accounts of books.

'Was an oversight': Govt drops reduction in interest rates on small savings

Government had announced a cut in small savings rates by 50-100 basis points for the first quarter of the new financial year.

Rate cut on small savings: Elections, WEF report linked to fastest recall

West Bengal leads the annual state wise table of contribution to small savings at 15.09 per cent. For the year FY18, Tamil Nadu is fifth in the small savings pecking order at 4.8 per cent

Tamil Nadu AAAR clears air over GST on vouchers, says taxable on redemption

As such, GST would be imposed on goods and services bought through vouchers

All-round contraction in core sectors leads to 4.6% fall in overall index

May sharpen decline in IIP in Feb

Pay structure of employees won't change as Centre defers new wage code

Move due to ongoing elections and states not coming out with their own rules on the codes