The Indian middle class carries a heavy tax burden, funding over 50% of direct taxes. Tax relief is needed to ease financial strain, boost demand, and ensure a fairer tax system.
India’s 14th Prime Minister, Manmohan Singh passed away at AIIMS, Delhi, Thursday at age 92. During his tenure, India emerged as one of the world’s fastest-growing economies.
Speaking at a CII summit, Nirmala Sitharaman says 99% of phones sold in India are made in the country and that 60% import substitution has been achieved in the telecom sector.Speaking at a CII summit, Nirmala Sitharaman says 99% of phones sold in India are made in the country and that 60% import substitution has been achieved in the telecom sector.
In ‘India’s Finance Ministers: Volume 2’, AK Bhattacharya looks at how the 12 finance ministers in the period between 1977 to 1998 took the country from a closed, agrarian economy to a liberal one.
The resignation came after it was formally decided in the party meeting that the country needs a new finance minister and Nawaz Sharif nominated Dar for the 'tough' job.
Ali Sabry's departure is in keeping with the trend of govt officials distancing themselves from the powerful Rajapaksa family in face of growing public anger over surge in inflation.
Sitharaman said any delay won't be due to a lack of political will. The 65-year old insurer's internal valuation hasn't been done & the process will take time, she added.
Finance Minister Sitharaman is on an official US visit to attend the annual meet of the World Bank and IMF and G20 Finance Ministers and Central Bank Governors (FMCBG) meeting.
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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