3 min read Business News Gross direct tax collection falls 31{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} as advance tax mop-up plunges 76{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in June quarter 16/06/2020 7:28 PM Mitchell Gross direct tax collection declined 31 per cent to Rs 1,37,825 crore till June...
2 min read Business News India needs stimulus package like US and direct cash transfer: Nobel winner Abhijit Banerjee tells Rahul Gandhi 05/05/2020 4:40 AM Mitchell Nobel laureate Abhijit Banerjee, while speaking with Congress leader Rahul Gandhi on Tuesday, said...
2 min read Business News Meeting India’s fiscal deficit target in the current financial year is going to be challenging and the central bank has not yet made a decision on its monetisation, the Reserve Bank of India (RBI) Governor Shaktikanta Das said. India has spent more than a month in a nationwide lockdown, with its industries shut, to stem the coronavirus pandemic that has caused 26,496 infections and 824 deaths, among 2.97 million cases worldwide. “Fiscal measures are important and the government is working on a package of measures,” Das, the central bank chief, told news agency Cogencis in an interview published on Monday. Das said he expected the government to take a judicious and balanced call on the question of the fiscal deficit, while tackling the challenges arising from the pandemic. “Meeting the fiscal deficit target of 3.5 per cent this year (2020/21) is going to be very challenging, and going beyond it becomes unavoidable,” he said, adding that direct tax collections may also be hit. Das did not reply specificall 27/04/2020 10:17 AM Mitchell Meeting India’s fiscal deficit target in the current financial year is going to be...
