trouble brewing on gst front

Fake GST invoices expose loopholes in indirect tax regime

Fake GST invoices bring to light the faulty design of the #indirecttax system and its rampant loopholes, writes KE Raghunathan. #gst #incometax #excise #customs #servicetax Read more »
global economy facing recession

Beyond borrowing: The ripple effects of fiscal deficit on inflation

Fiscal deficits trigger complex macroeconomic forces that contribute to inflationary pressure, impacting public debt, household well-being, and income distribution. #fiscaldeficit #inflation #interestrate Read more »
RBI releases financial stability report

RBI Financial Stability Report: Banking system resilient, but not immune to risks

The RBI's Financial Stability Report highlights the resilience of the Indian financial system, while emphasising the need for vigilance and regulatory initiatives to address emerging challenges. #rbireport #financialstability #inflation #npa #rbi Read more »
exports, MSME, recession

MSMEs struggle as economic crisis grips major export markets

With major markets facing an economic downturn, India's MSME sector is bracing for a bumpy ride amid working capital problems, inventory pile-ups, and diminished demand. #MSME #industry #Indianews #exports #economy Read more »
wilful defaulters

India’s banks in a bind over tax on outward remittances

Indian banks are gearing up for new regulations as RBI imposes a 20% tax on international card spending and outward remittances. #outwardremittances #tax #indianews Read more »
india financial literacy

Money matters: Financial literacy key to India’s prosperity

India must prioritise financial literacy to empower individuals, bridge knowledge gaps, and promote informed financial decision-making for a secure and prosperous future. #financialliteracy #indianeconomy #rbi #rbibulletin Read more »
Indian aviation, air India, indigo

IndiGo, Air India aircraft orders may be prelude to a bloodbath

India's airline industry is expected to witness stiff competition between Indigo and Air India, which is looking to consolidate the four airlines owned by the Tata Group. #IndiGo #aviation Read more »
indian economy

Indian economy shows positive momentum, but concerns linger

The Indian economy is showing resilience amid global challenges, but trade deficit, stagnation in services exports, and unequal growth continue to weigh on economic growth prospects. #economy #recession #trade Read more »
rupee

PSUs to pay Rs 63,056 crore election year dividend windfall to govt

PSUs will deliver record-breaking #dividend payout of Rs 63,056 crore to the government this year, raising hopes of high public spending in the election year. #PSU #govtrevenue #economy #GAIL #COAL Read more »
India's external debt

India’s remittance inflows face dramatic decline in 2023

India's remittance inflows face headwinds amid global economic uncertainties, reflecting the shifting dynamics and impact on high-skilled migrants and manufacturing sectors. #economy #indianews #remittances Read more »