Tax revenues declined 22 per cent from the year-ago period to Rs 4.58 lakh crore and were at 28 per cent of the full year target of Rs 16.36 lakh crore in the April-September period.
RBI estimates that gross fiscal deficit of states could cross 4 per cent, and force govts to put investments on hold, leading to a vicious cycle of incurring loss without spurring recovery.
Soren targets Centre for its decision to deduct Rs 1,417-cr electricity dues from Jharkhand’s account with RBI, warns against taking ‘undue advantage’ of state's 'tolerance'.
A total of 21 states and two UTs have so far agreed to the first of the two options offered by central govt to make up for its inability to pay GST compensation.
In a letter to FM Sitharaman, CAIT accuses Amazon & Flipkart of engaging in predatory pricing during festive sales, causing loss of GST and income tax to the government.
As many as 10 opposition-ruled states rejected both the borrowing options put forward by the Centre. The next GST Council meeting is scheduled for 12 October.
Reforms stalling is weighing on outlook for India’s economy, which has gone from one of the fastest growing in the world to among the worst hit by Covid.
The long-forgotten story of the Shanghai Power Company tells us about the missteps and misjudgements that could push two superpowers to war and devastate the world.
This year, govt announced that 2nd and not 3rd revised estimates would be final. Here’s inside story on how this was achieved without compromising on quality of data.
Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?
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