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FM Nirmala Sitharaman takes on P Chidambaram over Budget numbers

Chidambaram had said that projections given in the Budget were unrealistic considering the past trends

Will generate PAN at back-end if not linked to Aadhaar: Revenue Secretary

We have used the facility of interchangeable use of Aadhaar and PAN for the convenience of people, said Revenue Secretary Ajay Bhushan Pandey

Foreign sovereign debt concerns stem from fear of the unknown: Garg

There are sovereigns which have done very well, built up a very good benchmark around them, and there are some that have not, said finance secretary Subhash Chandra Garg

Sitharaman reduces FY20 GST collection estimate by 13% to Rs 6.63 trillion

Sitharaman slashes FY20 forecasts by 13% from Goyal's February Budget Estimates

8% annual growth needed for GDP to touch $5 trn by FY25: Economic Survey

Economic Survey says India must 'shift gears', get into 'virtuous cycle driven by investment'.

Services sector shrinks for first time in 13 months, PMI falls to 49.6

Index fell from 50.2 in May, largely due to stagnant sales showed the data, which came ahead of Economic Survey for FY19

Govt should give only revenue-neutral stimulus, says CII president

The corporation tax rate could be reduced to 18 per cent if exemptions are removed, he said

PM Modi meets Jaitley after he opts out of Cabinet citing poor health

No word on meeting's outcome; in letter to Modi, outgoing FM said he needed time to concentrate on his health

Dealers to get input tax credit on GST for the post-sale discounts

The dealer would be eligible to get input tax credit on entire amount of GST paid if the discount is given after the sale of product

Importers do not need state-wise registration under GST regime

The AAR, Maharashtra, in two recent rulings, said that these companies do not need a separate registration in each state and that a registration where their headquarters are located would be enough

GST Council meet: Kerala FM Thomas Isaac may press for voting on lotteries

The Centre has one-third vote and all states combined have two-third votes in the Council

Retail inflation at 7-month high of 3.05% in May, within RBI's comfort zone

The previous high was in October 2018, when the retail inflation print came in at 3.38 per cent

Roll out of simple GST returns deferred to Oct; trial to start next month

To be implemented in phases, to be fully in pace by January next

PMI services growth slips to 1-year low over election-related disruptions

PMI for services, which is based on the responses of executives of 400 private sector companies, fell to 50.2 in May, from 51 in April

Govt makes highest-ever expenditure cut of Rs 1.4 trillion for FY19

The compression, comprising cuts and rollovers, represented almost double of what was done in the previous year, and around 6 per cent of the amount pegged in the RE

World Bank retains projections for India's economic growth at 7.5%

For the current fiscal year, the growth is quite high, given the fact that India's economy grew just 6.8 per cent in 2018-19, a five-year low

Business confidence of India Inc drops 9.1% in Q4FY19, shows survey

But, political confidence index (PCI) of businesses was up 12.1 per cent in Q4 on a quarterly basis

Kerala govt to impose 1% flood cess from June 1 for rehabilitation work

There will be no cess on goods drawing 2.5 per cent SGST

Modi 2.0: Govt mulls steps to lift demand, to focus on lowering I-T rates

The crucial issue would be how fiscal deficit will be affected if the government lowers income tax rates further

HC allows input tax credit under GST regime to realtor making shopping mall

This interpretation was there despite the fact that GST is imposed on rent and lease