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Indivjal Dhasmana, a senior associate editor at Business Standard, writes on macroeconomics, taxes, and political economy. He has over three decades of experience in various fields of journalism.
Indivjal Dhasmana, a senior associate editor at Business Standard, writes on macroeconomics, taxes, and political economy. He has over three decades of experience in various fields of journalism.
Nudges pvt sector on jobs, cautions on AI; sees GDP growing by 6.5-7% in FY25; makes a case for FDI from China
Indivjal Dhasmana looks at finances of major civic bodies to analyse why they are underprepared perennially
The government will have to tweak the demand for Mahatma Gandhi National Rural Employment Guarantee Act and may retain the demand for PM Kisan to not allow fiscal slippage
However, this path may not be as easy for the government to tread
An external member of the MPC highlighted that India's economic growth is below potential, with weak consumption contributing to the slowdown
The Mahayuti govt in Maharashtra has treaded a populist path in the FY25 Budget in a bid to woo voters ahead of the Assembly polls but has shown fiscal prudence
With enhanced revenues, the stage seems set for GST 2.0
UP, Chhattisgarh, Jharkhand, Odisha, Rajasthan and hilly states including northeastern region also suit some of those criteria
Despite Constitutional provisions, inclusion of petrol and diesel under GST framework remains a distant dream
Bihar joins AP in taking fiscal stress in recent years, but lags far behind the southern state in prosperity
Rajasthan authority for advance rulings observed that the primary product manufactured by the company is infant milk formula which includes cereals and protein supplements
But, in coalition, the focus may go off specific policies such as labour codes and privatisation
The tax authorities argue that these AMP expenses incurred by MNC subsidiaries enhance the value of trademarks or brands owned by the foreign parent entities
Expects sovereign rating upgrade by 2026-27
Being revenue surplus, which indicates that the state exceeds its current receipts for its current expenditure, Telangana has been generous with its social welfare schemes
The period covers the first demonetisation, first attempts in tax reforms, balance of payments crisis
The court observed that the government is empowered to extend the limitation period for taking actions that could not be completed or complied with due to force majeure
International trade right now is bringing back memories of the Cold War. What can be India's role in it?
The court said that merely because the firms were registered on the date of the transaction, it cannot be said that the department is bound to give ITC benefit to the assessee
Considering India's merchandise exports, the US is still our largest partner. But, it is India's imports that have solidified China as a significant trading partner