Page 51 - Indivjal Dhasmana/ Pti

Fraudulent IGST claims worth Rs 1,875 crore by risky exporters identified

These people are untraceable and the list includes seven 'star' exporters, government sources said

Icra sharply revises forecast, expects economy to shrink by 9.5% in FY21

It has earlier estimated a 5% contraction; Q1 may have seen 25% fall

Govt caps late fee at Rs 500 for GST returns filed before Sept 30

Even those with nil liabilities had huge late fee outstanding under previous provisions; in their case it has been made zero now

Vendors to get interest for delayed payments on govt e-marketplace

Move taken to ensure timely payments particularly to MSMEs; buyer will have to pay interest at the rate of 1% a month

Govt committed to reforms, make tax structure simple: FM on GST day

The finance minister asked taxmen to make life easier for MSMEs, particularly on GST front

Delhi HC issues notices to govt, GST Council on retro amendment

The amendment relates to limiting the transitional input tax credit to 90 days form the roll out of the goods and services tax (GST) from July one, 2017

Green shoots of recovery? GST mop-up improves in June, crosses Rs 90,000 cr

However, the rate of decline has come down considerably to just 9.02 per cent from 38.17 per cent in May and 71.63 per cent in April

CBDT exempts YES Bank investors under reconstruction scheme from income tax

Also exempts shareholders in companies such as IL&FS pursuant to NCLT order, those whose land is being regularised in Delhi

MoSPI should end controversies related to GDP computation: Rangarajan

Gets lifetime achievement award on National Statistics Day

Goa likely to see steepest contraction in economy in 2020-21, shows data

India Ratings and Research expects the gross state domestic product (GSDP) of all states in India to contract in FY21

Ex-RBI governor Rangarajan gets lifetime achievement award on Stats Day

Besides heading RBI and the Prime Minister's Advisory Council, Rangarajan was chairman of the National Statistical Commission, set up in 2000 to review the statistical system

GST effect: How retail inflation rate changed over the last 3 years

The inflation rate in cigarettes hit double digits during July-March of FY18, but came down in the next two years

Income tax exemptions to lower tax assessee for certain allowances

The Budget for 2020-21 came out with an option of lower tax regime for those who forgo certain exemptions

Govt, RBI measures have slowed down contraction in economy: NCAER

NCAER expects the economy to grow by 1.3 per cent in FY21 in case there are no supply side disruptions.

India faces economic catastrophe, PMO can't handle it by itself: Rajan

Says PMO can't tackle crisis on its own, must consult opposition talent; questions the way some states propose to suspend labour laws and Centre's micro-management of states to undertake reforms

Finance Ministry cautiously optimistic about economic revival in late FY21

In its macroeconomic report, the finance ministry did not reveal its projections for 20120-21

Interest rates charged by banks capped at 9.25% under MSME package

Interest rate ceiling for NBFCs loan at 12%; caps are much lower than the normal interest rates charged by these lenders

I've to be careful, am answerable to Parliament: FM Nirmala Sitharaman

Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.

Door open for stimulus 6.0; govt with industry: FM Nirmala Sitharaman

Calling her stint as FM during the pandemic "the most challenging assignment yet", Sitharaman said she was not upset with the criticism that the recent stimulus package was too little

WTO reforms have to factor in interests of all, says Suresh Prabhu

"WTO's reforms have to take into account the interests of all members. It has to come out with a forward-looking agenda in an inclusive manner," Prabhu said