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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

India to grow at 1.9% in FY21, recover to 7.4% path in 2021-22: IMF

The country will still be the fastest growing large economy this financial year, but it will lose that tag next year to China, says the agency.

ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension

Earlier, ICRA had expected GDP to fall by 4.5 per cent in the first quarter when lockdown was for 21 days till April 14.

World Bank sees India's GDP growth at 1.5-2.8%, lowest since 1991 crisis

Warns social distancing to be a challenge among migrant workers, slum dwellers

You get 3 more months to deposit money in PPF, Sukanya Samriddhi Yojana

The deadline to make deposits in PPF and Sukanya Samriddhi Yojana for the financial year 2019-20 (FY20) has been extended till June 30 this year

Industry wants phased exit from lockdown, up to Rs 23 trillion package

While Assocham demanded Rs 15 trillion-23 trillion package, Ficci called for Rs 9-10 trillion

Little option for govt other than amending FRBM Act to widen fiscal deficit

It has already exhausted the escape clause, which allows for a maximum deviation of 0.5% from consolidation road map