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The world is losing $200 billion a year because of tax havens

New research suggests 10% of the world's largest multinational firms are responsible for 98% of profits shifting to tax havens.
Prime Minister Narendra Modi during an event celebrating centenary of Kirloskar Brothers Ltd in New Delhi, on 6 January, 2020 | Photo: PTI

Modi says action against corruption isn’t a govt crackdown on corporate

PM Modi, whose govt has set a $5 trillion economy target by 2024, asked India Inc to shun pessimism and assured them of govt support in its attempts to expand.
File image of Finance Minister Nirmala Sitharaman | Photo: PTI

Corporate tax cut was designed to attract investment, generating jobs: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman made the statement as she moved the Taxation Laws (Amendment) Bill, 2019 for consideration and passage in Lok Sabha.
(L-R) Uday Kotak, Harsh Goenka, Anand Mahindra | YouTube

Manmohan Singh right about fear? Industrialists hailed corporate tax cut but silent now

PM Manmohan Singh has cited fear in Indian society as one of the factors responsible for the slowdown in economy.
Indian rupee

Income Tax dept to seek Rs 1 trillion cut in tax collection targets

The government set a tax collection target of Rs 13.8 lakh crore during the interim budget in February, which was revised to Rs 13.35 lakh crore when budget was presented in July.
PM Modi at the RCEP Summit in Thailand | @narendramodi | Twitter

Soumya Kanti Ghosh says RCEP ‘no pact for India’, Ajit Ranade calls the move ‘defensive’

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.
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Tax collected until September is just 37% of full-year target — lowest since 2014-15

According to the Controller General of Accounts, tax collection until September is 2.6% lower than last year — a sign that slowdown is affecting govt revenues.
Nirmala Sitharaman addresses a press conference, in New Delhi | PTI

IMF supports Sitharaman’s corporate tax cuts, says it will help revive investment in India

International Monetary Fund also says India should address continued fiscal consolidation and secure long-term stability of fiscal conditions.
Representational image | PTI

Pratap B Mehta on protest, M Sabnavis on making bank deposits safe & what millenials want

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.
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Aakar Patel criticises Gadkari over electric cars, Murugan says Gandhi’s ‘silence’ helped

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

On Camera

A woman in a marketplace deserted due to lockdown in Lucknow, Uttar Pradesh | Photo: ANI

India isn’t facing up to the true financial cost of Covid

Truth is currently as scarce as capital in India. The govt doesn’t have the appetite for large-scale socialisation of private losses, lest the opposition accuse PM Modi of cronyism.

Defence

A file photo of Pangong Lake in Ladakh | Visharad Saxena | Special arrangement

India, China generals meet today as ‘PLA keeps up Pangong incursions, blocks army at Depsang’

The fresh round of dialogue comes as India and China have hit a stalemate in military talks with regard to disengagement at multiple flashpoints in Ladakh.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.