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Record spike in WPI inflation: Cause, effect
Another round of repo rate hike is expected in June, with its quantum being as high as 40 basis points.
Tue, May 17, 2022
Rising prices drive wholesale inflation to record high of 15.1%
India's WPI Inflation April 2022: This is the highest WPI print in the 2011-12 series.
Wed, May 18, 2022
Rural pinches more in high inflation states
Retail inflation has persisted above the Reserve Bank of India’s (RBI’s) inflation target for the fourth straight month, with price levels rising to an 8-year high of 8.38 per cent in rural areas in April while urban inflation was at a 18-month high of 7.09 per cent.
Tue, May 17, 2022
Logistics overhang: Rupee fall unlikely to boost exports
The rupee has depreciated by 4.18 per cent since the beginning of the year and closed Friday’s trading session at 77.44 against the greenback.
Mon, May 16, 2022
Retail inflation at 8-year high of 7.79% in April
High price levels of fuel and food items, especially of vegetables, spices and oils/fats, along with household services, contributed to the sharp rise in inflation, a level which is seen as being partly responsible for preempting the unscheduled repo rate hike of 40 basis points by the RBI last week.
Fri, May 13, 2022
Explained: Why PAN, Aadhaar have been made mandatory for high-value cash deposits & withdrawals
The mandatory condition of obtaining PAN for deposit and withdrawals would help the government in tracing the movement of cash in the financial system.
Fri, May 13, 2022
Beating inflation: RBI may have to kill demand, hike rate, suck liquidity
Most of the risks to inflation are seen emerging from the crisis due to the Ukraine-Russia war. The repo rate – the rate at which the RBI lends to banks – was 5.15 per cent in February 2020 before the pandemic.
Thu, May 12, 2022
‘High food prices may fuel inflation up to 7.7% in April’
Geopolitical tensions, heat wave impacting food prices, especially of wheat, along with an overall increase in transportation costs due to fuel price hike have added to the surge in inflation rate, which had risen to a 17-month high of 6.95 per cent in March.
Sat, May 07, 2022
Tax reassessment: I-T has 30 days to send notices
According to the top court’s judgment, the assessing officer will, within 30 days from May 4, provide the respective assesses the information and all relevant material which was relied upon to send the income tax recovery notice to them.
Tue, May 31, 2022
Explained: Why online gaming could now attract a higher GST of 28%
Casinos, online gaming and race courses could soon attract a GST of 28 per cent. West Bengal Finance Minister Chandrima Bhattacharya said there is consensus among states that (on) these three, the highest rate of tax should be levied.
Tue, May 31, 2022
Casinos, online gaming: GoM on board for GST hike to 28%
The GoM will then finalise the method for valuation of these services. At present, services of casino, horse racing and online gaming attract 18 per cent GST,
Tue, May 31, 2022
Explained: States vs Centre on fuel taxes
The Prime Minister has noted that certain states have not reduced VAT; states have attributed rising fuel prices to central taxes. How is fuel taxed, and how are collections shared between the Centre and states?
Fri, Apr 29, 2022
Explained: For state governments, why cutting taxes on fuel is easier said than done
The reluctance to reduce excise duty and VAT on fuel stems from the fact that it constitutes an important source of revenue for both the Union government and the states.
Thu, Apr 28, 2022
Centre, states have to align more to boost investments: CII chief T V Narendran
The CII chief also said that the Russia-Ukraine war has presented Indian steel exporters with an opportunity in the light of “space vacated by Russia and Ukraine” in the sector.
Tue, Apr 26, 2022
CII chief TV Narendran: ‘Industry can’t have unfair expectations on interest rate cycle’
Many MSMEs have also done well but there are many who have struggled. So you need to have a sector-specific approach rather than a MSME approach in general because not all of them are doing badly.
Tue, Apr 26, 2022
Finance Minister Nirmala Sitharaman puts in a word with IMF, assures Lanka of ‘cooperation’
India has so far committed $1.9 billion to Sri Lanka in the form of credits for essential commodities and fuel, and also in loans and currency swaps.
Wed, Apr 20, 2022
Growing concern as wholesale inflation up to 14.55%, pressure on retail prices
Trend reversal with CPI inflation converging towards WPI inflation worries policymakers
Sat, Apr 30, 2022
Explained: Inflation heats up but why it hasn’t singed political economy yet
The runaway prices have not adversely impacted political outcomes, given the results of recent state elections. What’s worrying the government's economic managers is the rise in wages due to rising food prices, which will have a spill-over effect on wholesale inflation.
Mon, Apr 18, 2022
At 6.95%, inflation up to 17-month high; slight uptick in sluggish industry output
This marks the third successive month when retail inflation, based on the Consumer Price Index (Combined), stayed above the upper tolerance limit of the medium-term inflation target of 6 per cent set by the Reserve Bank of India (RBI).
Wed, Apr 13, 2022
Explained: Concessional tax rate regime
The concessional corporate tax rate announced by the Union government in September 2019 saw two out of every five new domestic manufacturing companies incorporated in 2019-20 (April-March) opting for the reduced 15 per cent tax rate.
Wed, Apr 13, 2022
Two out of five new companies opted for 15% tax in 2019-20
These companies, numbering 1,244 in 2019-20, cumulatively accounted for just Rs 35.13 crore in total income, government data showed.
Mon, Apr 11, 2022
India-Netherlands ties: Climate, water initiatives likely to take centre stage
The Netherlands will be co-hosting a 3-day UN conference on March 22, 2023 for taking action on sustainable water management with Tajikistan.
Mon, Apr 04, 2022
Netherlands offers to be India’s ‘gateway’ to fuel EU’s green shift
The war in Ukraine has put dialogue around energy dependence in a faster transition mode, said the Netherlands’ Climate Envoy Prince Jaime de Bourbon de Parme, adding there’s potential for the Netherlands and India to explore trade in green hydrogen.
Sun, Apr 03, 2022
Explained: How does provident fund interest rate cut impact your retirement corpus?
The EPFO, which has an active subscriber base of more than 6.7 crore and 6.9 lakh contributing establishments, will have an estimated surplus of Rs 450 crore after disbursing the interest. Keeping the rate at 8.5% would have resulted in a deficit of Rs 3,500 crore.
Fri, Apr 01, 2022
Will support, facilitate India-EU FTA, situation to be win-win for all: Netherlands Foreign Minister Wopke Hoekstra
'Our business relationship is of tremendous importance, but I think a broader EU-India FTA would also provide more opportunities for India towards the whole European continent.'
Thu, Mar 31, 2022