Macro

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RBI Announces Additional Measures to Support Business Continuity amid Covid-19

In an effort to further ease financial stress caused by Covid-19 disruptions, Reserve Bank of India (RBI) on Friday announced several monetary measures to provide “relief” on debt servicing and improving access to working capital. “The intensification of Covid-19 disruptions has imparted priority to relaxing repayment pressures and improving access to working capital by mitigating

  • May 22, 2020
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Govt May Soon Announce Package for Infra Sector: Nitin Gadkari

The government is working on a financial package for infrastructure sectors and it may be announced soon, Union minister Nitin Gadkari said on Friday, reports PTI. He was interacting with the members of the Finance Industry Development Council through a video conference. “I feel in 2-4 days a package can be announced…The government is working

  • May 8, 2020
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Govt Deliberates on Second Economic Stimulus Package

Prime Minister Narendra Modi on Saturday held a series of meetings with key ministers, including Home Minister Amit Shah and Finance Minister Nirmala Sitharaman, and officials of economic ministries to firm up the second stimulus package for sectors impacted by lockdown to curb the spread of coronavirus, PTI reports. The prime minister held discussions with

  • May 2, 2020
  • 54
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GCC Hits Indian Ceramic Tile Industry with 41.2% Anti-dumping Duty

Redirected volumes from Morbi to create pricing pressure in the Indian market The Gulf Cooperation Council (GCC) has announced the imposition of anti-dumping duty on imports of ceramic floor and wall tiles originating from India. The average duty imposition will be 41.2%, and the levy will come into effect from 06.06.2020. This announcement has come

  • May 1, 2020
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India to be the Fastest Growing Major Economy: IMF

The International Monetary Fund (IMF) projects India to be the fastest growing major economy this year in a world plunged into a recession by the coronavirus pandemic, despite drastically slashing its growth rate to a paltry 1.9%. The World Economic Outlook (WEO) report released by chief economist Gita Gopinath expects India to rebound in the

  • April 22, 2020
  • 148
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ITC on Construction Expenses – Macro Outlook on Bones of Contention

Every indirect taxation system contains a credit/set-off mechanism to avoid the cascading effect of taxes incurred at the previous stage. The credit framework should be wide in ambit and with the least exceptions. Yet the lawmakers choose to keep a long list of goods and services outside the basket. By Puneet Bansal and Neha Jain

  • April 2, 2020
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CA RK Agrawal Gives Six-point Income Tax Advisory

The financial year 2019-20 was closed on March 31 as usual, and the new fiscal year 2020-21 is starting from today. In view of the lockdown to check the spread of the coronavirus, the government has already extended the deadlines for certain statutory compliances for 2019-2020. As the government did not extend the financial year

  • April 1, 2020
  • 230
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Armour of Reserve Bank: ‘Optimist’ Governor Shaktikanta Das Announces Mission-ready Monetary Medicine to Combat Coronavirus

Acknowledging a long-term economic ramification fuelled by the novel coronavirus pandemic, the Reserve Bank of India (RBI) announced a slew of extra-ordinary measures on Friday. “In spite of the very challenging environment, I remain optimistic,” RBI Governor Shaktikanta Das averred as he announced the steps to achieve a three-fold objective: mitigate the negative effects of

  • March 27, 2020
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