Page 12 - Indivjal Dhasmana

Rising economic activities lead to surge in personal income tax in H1FY24

Corporation tax grows moderately, growth in GST collections decelerates but the new normal is above Rs 1.55 trillion a month now

Output of a third of manufacturing segments in August less than base year

All indices in the IIP were at 100 in 2011-12 because it was the base year of the new series

MP captains tight ship: Navigates freebie-fiscal stability course

The Shivraj Singh Chouhan government faces a tide of Opposition criticism over rising debt

Calcutta HC quashes penalty order on e-way bill that expired in 9 hours

Authorities could not prove that petitioner intended to evade tax, says court

Israel-Hamas war: Will govt let OMCs bear burden if oil prices escalate?

While Israel and Palestine are not the major oil players, prices of crude could escalate if the fight drags other nations of the Arab world, as well as the US, into it

Liquor industry welcomes decision to keep key alcohol ingredient out of GST

The ingredient, extra-neutral alcohol, accounts for 30-35% of the production cost for Indian-made foreign liquor

Assembly polls: How do Chhattisgarh, Mizoram fare in economic parameters?

As political winds stir in these states, it's prudent to assess their economic landscapes

Retaining retail inflation at 4% an unaccomplished dream since 2019-20

The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal

Union excise duty collection fell 12% in first five months of FY24

The excise kitty dropped 18 per cent in August, shows CGA data

Can't block ITC for GST on obligatory transport for women employees: AAR

Authority's ruling in Tamil Nadu would hold precedence in states where employers are obliged to drop women staff at specific hours, say experts

Festivities, polls prompt govt to keep tabs on food price movement

Global prices for Indian basket of crude averaged o $93.03 a barrel till 26th of this month against $86.43 in the previous month and $80.37 in July

Recurring criticism of GDP methodology: Here's what experts have to say

Business Standard interviewed former Chief Statisticians Pronab Sen and T C A Anant and former Acting Chairman of National Statistical Commission P C Mohanan, to seek their views

Savings puzzle: Does the fall in financial savings show household distress?

The finance ministry thinks otherwise

Ice cream topping crackle likely to attract 18 per cent GST on AAR ruling

Court held crackle is not intended for direct consumption by users but as an industrial input

Are private sector executives better than bureaucrats for regulators' job?

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

Time limit under GST to claim input tax credit constitutionally valid: HC

Under GST law, the deadline for claiming ITC is November 30

Is India overestimating inflation as it is skewed to food and beverages?

The work on appropriate weights of various items could be completed once the household consumption expenditure survey is out

Goods in transit can't be seized under GST law without inquiry: HC

Court rules the items cannot be confiscated without investigation even if the original supplier does not have GST registration

Politics of handouts: Freebies walk thin line between welfare and wasteful

Thin line between welfare and wasteful, debates on freebies always contentious,as those offering them often see them as social benefit

Acharya's wish: RBI needs to deliver 4% retail inflation year after year

Reminds analysts, bond markets that inflation target is 4% and not 6%