States scramble for funds as coronavirus takes toll on coffers; seek central government and RBI support
A three-week nationwide lockdown is testing the resilience of state governments, with analysts warning that essential public services and health care for millions of Indians will be in jeopardy without further central government and RBI support
Government needs a pool of quality advisers to revive growth; economists can save economy, not historians
Sitharaman, who took over the Union finance minister’s hot seat from late Arun Jaitley, had just delivered a disappointing national Budget that fell way short of expectations
Index of 8 core industries for August shrink, RBI bonanza keeps fiscal deficit in check; all this and more in Moneycontrol Pro
The index of eight core industries for August 2019 fell by 0.47 percent from a year ago
State of Economy: Put aside vendetta politics, reach out to sane voices to steer economy out of 'man-made crisis', says Manmohan Singh
Manmohan Singh said “all-round mismanagement” by the Narendra Modi government was responsible for the slowdown.
Demand slump continues in April: What falling car, two-wheeler sales figures tell us about state of Indian economy
While car sales largely indicate the demand scenario in urban segments, two-wheeler sales reflect both urban and semi-urban demand and tractor sales the rural India demand scenario.
Govt pushes cash-rich IOC, ONGC to pay second interim dividend for this fiscal as revenue shortfall widens
As per regulations, a company cannot declare a second dividend within a month of the previous payout and companies like ONGC would need to seek an approval of SEBI to make such a payment.
Both the earlier and the current governments missed golden opportunities to make the tax structure simple and harassment-proof.
Falling rupee, rising crude prices to give states windfall in tax revenues to the tune of Rs 22,700 crore
An increase of $1 a barrel in crude price translates into a Rs 1,513 crore revenue gain on an average to all major 19 states
Four years of Narendra Modi: 10 charts that show how the economy fared under the NDA regime vis-a-vis UPA rule
Will the Narendra Modi magic work in 2019? That is the question staring Indians, and global investors, in the face.
These 12 states showed an unaudited revenue surplus of Rs 43,430 crore in Q1 as against a combined revenue deficit of Rs 11,890 crore as budgeted for the year
Bring petroleum products under GST; why destroy an architecture after creating it, asks Haseeb Drabu
While products like kerosene, naphtha and LPG will be under the ambit of GST, five items — crude oil, natural gas, aviation fuel, diesel and petrol — have been excluded from the basket for the initial years.
Moody's added there will be loss of wealth for individuals and corporates with unreported income, as some will choose not to deposit funds back into the formal financial system to avoid disclosing the sources of these funds
Some $42 billion in August benefit payments were made in July because August 1 fell on a Saturday
Is there no way the government can get its budget arithmetic right?
The government is facing a Rs 80,000 crore shortfall in tax and non-tax receipts this year. It is scrounging around for cash.