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Monday, May 17, 2021

Aanchal Magazine


Virus spread in rural areas may hit recovery further
Wed, May 12, 2021

On the other hand, in urban areas, the pent-up demand for consumer goods — a major contributor to the pick-up in consumption in the second half of 2020-21 — is unlikely to be a factor this year, further denting the growth prospects.

Explained: The debate over vaccine GST exemption
Thu, May 13, 2021

Some experts feel categorising domestic supplies as zero-rated might be a better option than granting a full exemption, since it will pave the way for availing input tax credit.

Explained: Intellectual property waiver for Covid-19 vaccines
Tue, May 11, 2021

The United States will pursue negotiations at WTO to waive intellectual property for Covid-19 vaccines. This can allow large-scale production in middle-income countries, but there are arguments against the move.

US backs IP rights waiver for Covid vaccines, EU says ready to discuss
Fri, May 07, 2021

A waiver on IP protections would mean pharmaceutical firms and vaccine makers across the world can learn how to make these vaccines without fear of lawsuits from companies that originally developed them.

Record GST mop-up in April: Rs 1.4 lakh crore
Sun, May 02, 2021

The April collections, which account for sales in March, mark the seventh month where the monthly GST collections have crossed the Rs 1-lakh-crore mark. GST revenue had dipped to an all-time low of Rs 32,172 crore in April 2020.

Behind shortage: vaccination surge in April and thinning buffer stocks
Sat, May 01, 2021

In April, India witnessed the highest demand for vaccines in a month with 90.50 million doses administered by 6.30 pm on Friday, more than the monthly production capacities of Covishield and Covaxin combined.

Explained: Why has India’s factory activity plummeted to 7-month low in March?
Mon, Apr 05, 2021

Employment declined in March, marking a year of job losses. The rate of contraction was modest, but the quickest since September 2020.

This year we’re better prepared to face pandemic: Economic Affairs and Revenue Secretary Tarun Bajaj
Fri, Apr 02, 2021

The government is expected to meet the revised revenue targets. But are there concerns now with the new wave of surge in Covid cases.

Interest rates on small saving: Why order would have hit West Bengal hardest
Fri, Apr 02, 2021

West Bengal has been consistently recording high gross and net collections for small savings over the years. The data includes collections of small savings in post offices as well as banks.

Overnight ‘oversight’: Centre rolls back deep rate cut in small savings
Fri, Apr 02, 2021

Finance Minister Nirmala Sitharaman said Thursday morning that the "orders issued by oversight shall be withdrawn".

Localised lockdowns in second wave set to hit services recovery
Thu, Apr 01, 2021

High frequency indicators have begun to reflect some moderation due to administrative clampdown in a bunch of districts including Maharashtra and Gujarat.

One year since lockdown 1.0: Services sector distress means journeys of hope are cut short
Thu, Mar 25, 2021

Each distress story in India’s services sector is unique but all of them face similar questions: The lockdown may have eased but when will demand pick up? What happens with a second Covid wave?

One year since lockdown 1.0: Share in workforce already falling, Covid-19 job losses hit women harder
Thu, Mar 25, 2021

From Gurugram to Srirangapatna, the Covid-19 pandemic and the lockdown-induced economic distress deepened a structural problem that India’s labour market was already witnessing -- participation of women in the workforce.

Construction workers: To avoid welfare fund misuse, states told to use DBT, halt in-kind benefit
Wed, Mar 24, 2021

The Advisory Board is learnt to have flagged the purchase of stainless steel utensils through a tender process by the Maharashtra government, the distribution of umbrellas and lanterns was red-flagged in Himachal Pradesh.

States pulled up for procuring household items with funds meant for welfare
Thu, Mar 18, 2021

Cases of ‘misuse’ of money from the BOCW Welfare Fund have been flagged by the Central Building & Other Construction Workers’ Advisory Board.

Factory output slips back into negative, retail inflation rising
Sat, Mar 13, 2021

The sharp pickup in inflation is indication that the RBI may need to have another look at its accommodative stance going forward.

A common thread in state budgets: more for social sectors, less for capex
Fri, Mar 12, 2021

On an average, capital expenditure for the current fiscal has taken a hit of over 11 per cent in these states – Bihar, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Uttar Pradesh, West Bengal and Uttarakhand.

Tax notices, summons served to pre-GST, dispute resolution cases
Mon, Mar 08, 2021

The summons have been sent under Section 70 of CGST Act, which provides powers to tax officers to summon persons to give evidence and produce documents.

Explained: Why EPFO has retained 8.5% interest despite falling rates
Sun, Mar 07, 2021

The Finance Ministry has been nudging the EPFO to reduce the rate to a sub-8 per cent level in line with the overall interest rate scenario. EPFO rate continues to be the highest among other savings instruments.

EPFO board recommends 8.5% interest for 2020-21
Fri, Mar 05, 2021

A CBT member said discussions on the investment portfolio of the retirement fund body took place and keeping the returns in consideration, the Board made the recommendation for 8.5 per cent interest rate.

I-T knocks on doors of Anurag Kashyap, Taapsee Pannu; because they spoke up, says Opp
Thu, Mar 04, 2021

The raids elicited a strong response from the Maharashtra state government which called it an attempt by the Centre using agencies to intimidate those who spoke out against the BJP government.

Income Tax searches properties of Taapsee Pannu, Anurag Kashyap, Vikas Bahl
Wed, Mar 03, 2021

"There have been instances of tax evasion. The movies produced by the production house have been superhit, but the profits and account statements of the company are showing disproportionately low income," an official told The Indian Express.

Economy exits recession as GDP grows 0.4% in Q3; Govt cautions pandemic risk persists
Sat, Feb 27, 2021

In a statement, the Finance Ministry said the Q3 numbers were a reflection of the further strengthening of a V-shaped recovery, but warned that India was not yet out of the danger of the pandemic.

Govt to contest Cairn award, suits in international courts
Sat, Feb 20, 2021

“The government will file an appeal against Cairn arbitration award soon and will contest its sovereign rights to tax. It will also strongly contest other suits filed by Cairn Energy at various other international courts,” an official said.

Explained: Issues in the Cairn Energy-govt dispute
Sun, Feb 21, 2021

What is the Cairn Energy-Indian government dispute all about? What had the Permanent Court of arbitration court say in its ruling? A recap of the case, and judgment