Finance Minister Nirmala Sitharaman, in her budget speech, said in the current fiscal, India's economy will grow to become USD 3 trillion economy, sixth largest in world.
To push domestic manufacturing of e-vehicles, the Centre proposed to the Council to slash GST rates to 5 per cent from 12 per cent.
The last date to file income tax return (ITR) varies for different categories of taxpayers. For individuals, Hindu Undivided Families (HUF) and those taxpayers whose accounts are not required to be audited, the last date of filing ITR for the financial year (FY) 2018-19 is July 31, 2019.
Undue advantage also accrued to wholesalers and retailers (in case of IMFL) to the tune of Rs. 1,643.61 crores due to higher Ex Distillery Price (EDP).
Rolled out in 2016, GeM is a platform to make govt procurement cashless, contact-less and paperless.
India has 16% of the world's population and only 4% of the world's water resources at its disposal.
The "Economic Cooperation" aspect of BIMSTEC is one in which India can contribute significantly by helping to create the financial architecture.
The minister’s response comes at a time when the Supreme Court is set to hear a case related to the ban on cryptobanking next week.
The NDAP project will be implemented through public private partnership on Design, Build, Operate and Transfer (DBOT) basis.
“The clarification will help in settling most of the frivolous objections regarding export of services in case of intermediary services,” said Bipin Sapra, partner, EY.
Business managers in economic models are assumed to be rote, focused on maximizing profits & minimizing costs.
Under the Rs 10,000-crore FAME scheme, subsidy on EVs are given to three- and four-wheelers.
A foreign currency denominated sovereign bond, issued in modest quantities would have a salutary effect on the external rating and pricing of the Indian sovereign credit risk, and a step in the right direction.
Finance minister Nirmala Sitharaman had announced in the budget for 2019-20 that such an entity would be set up to increase sources of capital for infrastructure financing.
In a new paper 'Validating India's GDP Growth Estimates', the former CEA said he had indicated his doubts on the growth numbers in the Economic Survey in 2015 as well as mid-year Economic Analysis.
India doesn’t have a middle-income trap problem. It has a problem of muddled thinking on economic policy.
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