Page 17 - Indivjal Dhasmana

Inflation may inch down in May-June, indicates Monetary Policy Committee

Economic growth projections were retained at 6.5%, with first two quarters expected to deliver slightly more. Second half likely to yield moderately less pace of growth than assessed in April

HC upholds GST rules on taxing intermediary services for clients abroad

Bombay HC didn't make any observation on what type of tax would be levied on such services offered by intermediaries

Fall in equity flows, flat reinvested earnings pull down gross FY23 FDI

If the global economy slows down and interest rates harden further, it may hit foreign investments again

5 states project their economies to grow slower than national GDP in FY'23

So far, only 15 states have revealed their projections for the gross state domestic product for 2022-23

Delhi HC dismisses appeal against tax department over SVLDR scheme

Scheme is for taxpayers who wish to close pending disputes about relief

Encouraging GDP numbers, but mining and quarrying segment disappoints

Sector contracted in FY23 compared to FY19 and marginally grew over pre-Covid FY19

Record production of rabi crops push up agri growth to 3-year high in Q4

The production of mustard, the main oilseed grown during the rabi season, was projected at a record 12.49 mt, which is 4.43 per cent more than last year's

Unemployment among urban youth down in Q4FY23 but still elevated at 17.3%

The unemployment rate among the youth in urban India stood at 20.2 per cent in the year-ago period

Karnataka may keep additional expenditure on 5 poll promises fiscal neutral

The implementation of these promises may cost the exchequer an additional sum in the range of Rs 45,000-50,000 crore

Advance estimates fail to gauge economy correctly in periods of uncertainty

Advance estimates have varied from actual numbers during 2008 crisis, Eurozone crisis, 'policy paralysis' and Covid lockdown years

India's goods exports may see a marginal impact from Germany recession

But exports may contract in FY24 due to worsening external situation in FY24

Centre may meet disinvestment target of Rs 51,000 crore for FY24

IDBI Bank, Concor key for realisation, otherwise it may have to resort to offer for sale

Core inflation still remains elevated, may not fall below 5% in FY24

The core inflation has remained stuck in the range of 5-6.6 per cent for over two years

SC ruling on user development fee provides guidance for GST, tax on royalty

The SC had held that UDF collected by the DIAL is in the nature of statutory levy and the same would not be taken as consideration against any services

Gold ornaments raise retail inflation in personal care segment to 9% in Apr

Prices of the safe haven asset have soared due to global economic uncertainty

Implementation of guaranteed pension product delayed as talks continue

Pension regulator wants to make the product attractive for subscribers, sources say

Consumer durables in IIP down 4% in FY23 compared to pre-covid FY20

Segment falls 12% in FY23 over that in FY19 due to muted demand

Shouldn't return to old pension system with same formula: C Rangarajan

Private investment needs to pick up if India's economic growth has to be sustained at 6-7%, says former RBI governor

Apex court verdict on pre-import conditions gives relief to exporters

Any claim for refund/credit shall be examined on its merits and on a case-by-case basis: SC

Direct tax buoyancy again falls sub-2% in 2022-23

It should be noted that direct tax collection figures are still provisional and GDP figures are on the basis of second advance estimates for 2022-23. The actual figures may change the outcome slightly