Page 52 - Indivjal Dhasmana/ Pti

Indian economy to contract 5-7% in FY21: Bernstein, Goldman Sachs

Analysts say the Rs 20-trn stimulus package by govt a lost opportunity

Karnataka appellate authority sets precedent in reversal of AAR ruling

AAR had disallowed WeWork's ITC claim on detachable partitions; the reversal of its order would set a precedent as to what comes under movable property on whic ITC is allowed

Kisan Vikas Patra investments to see slower growth after interest rate cut

While the money used to double on maturity in nine-and-a-half years between December 12 and March 31, it will now take 10 years and four months for the same.

Executive director is employee, not liable to pay GST: Karnataka AAR

The ruling runs contra to those of other state AARs, which have held all directors are liable to pay GST

Saddled with Rs 1,700 cr stocks, farmers demand restart of tobacco auctions

Urge govt to direct Tobacco Board to coordinate with FCV tobacco manufacturers, exporters and traders to facilitate reasonable prices at pre-covid level at these auctions

Additional borrowing to widen fiscal deficit, but help govt perk up economy

He did not think that the move will crowd out borrowings of the private sector, saying demand of the government and the private sector are not contradictory in these circumstances

CBDT amends rule for speedy resolution of tax disputes under treaties

Change in rule 44G of MAP calls for mutually resolution of tax disputes as agreement between India and the other nation, within 24 months

Experts fear massive 40% fall in April GDP, call for unlocking of economy

"There are some signals... the global markets are fearing that India is going to slide into a controlled economy which is very damaging," said former Chief Economic Advisor Kaushik Basu

Modi meets 3 cabinet ministers to get investments, lift economy in lockdown

Modi held a meeting with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Commerce & Industry Minister Piyush Goyal and officials to discuss strategies to woo investors

Covid-19 impact: Lockdown takes a toll on jobs generated through MNREGA

The jobs generated under the scheme fell to a nearly 7-year low for which the data is available

Can govt squeeze in a tax stimulus to quell Covid-induced economic crisis?

Falling direct and indirect tax revenues give it little elbow room to do so, even as industry clamours for relief

Moody's slashes India's growth estimate to 0.2% for 2020 from 2.5%

Moody's expected India's economic growth to recover to 6.2 per cent in 2021

Covid-19 crisis: CBDT chargesheets 3 IRS officers for leaked report

The IRS Association has forwarded its report to the CBDT.

CRISIL pegs India's FY21 economic growth rate at 1.8% from 3.5%

Its parent Standard & Poor's has (S&P) forecast the world economy to contract 2.4 per cent, against its earlier estimates of 0.4 per cent growth.

Explained in numbers: Covid-19 lockdown impact on states' GST revenues

All the states may see around Rs 5,000 crore of GST collections in 2020-21

Why the current scenario demands a mid-year economic review on priority

Impact of over-leveraging by companies on the banking sector and disruption caused by Covid-19 make for extremely unpredictable times

70% firms expect degrowth amid coronavirus outbreak, says survey

The survey, which covered 380 firms across sectors, portrayed that most of the respondents want tax relief, demand creation and ease of compliance from the government.

Covid-19 impact: India Inc confidence index lowest since 2008 crisis

The index fell to 42.9 in the quarter, against 59 in the previous quarter

India could use 3-5% of GDP stabilising economy: World Bank economists

The lockdown of economies around the world causes a much sharper decline in economic activity than in normal recessions, says World Bank chief economist south Asia region, Hans Timmer

Covid-19 exposes regulatory chinks, may force firms to replan work formats

Work-from-home model may go out once things stabilise; companies call for labour, social security, financial and education reforms