The Central government has released an additional Rs 1,09,019 crore in tax devolution to state governments ahead of the regular August allocation. The move aims to strengthen state finances and accelerate infrastructure, welfare, and development projects.
When India rolled out the Goods and Services Tax (GST) on July 1, 2017, it was hailed as the country’s most ambitious tax reform since Independence. Before that, India’s indirect tax regime was a patchwork of 17 different taxes and 13 cesses levied by the Centre and the states. This fragmented system created inefficiencies, hidden.
As GST, considered the biggest tax reform since India’s independence, completes 9 years on July 1, it has also gained near-universal acceptance among businesses as a simple and trusted digital ecosystem, according to the latest Deloitte Survey.
India is expected to remain among the world’s fastest‑growing major economies despite geopolitical tensions, uncertainty around artificial intelligence (AI) spending and sustained foreign investor outflows, Seth R. Freeman, Senior Managing Director at GlassRatner Advisory & Capital Group, has said.
In economic discourse, a well-known solution proposed to improve the nation’s economy is to shift from an import-dependent model to an export-led one. Without this shift, the country’s trade deficit will continue to widen, and the rupee will keep depreciating against the dollar. The dollar remains the most widely accepted currency for global trade. Recently,.
Abhishek Vij All major countries in the world that are not directly or indirectly involved in the unfortunate war between the United States, Israel, and Iran want this war to end. The war will end at some point. It should not be assumed that countries not involved in the war will not be affected. The.
New Delhi, March 24: Narendra Modi has asserted that India’s economic fundamentals remain strong, even as global uncertainties continue due to the ongoing crisis in West Asia. Speaking on the issue, the prime minister emphasized that the government is closely monitoring developments and taking proactive steps to safeguard the economy. Efforts to Minimise Global Impact.
The Reserve Bank of India (RBI) is likely to keep key interest rates unchanged in its upcoming Monetary Policy Committee (MPC) meeting, according to a recent report by market experts. The central bank is expected to adopt a cautious approach amid global uncertainties and evolving domestic economic conditions. Analysts believe the RBI will continue its.
