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‘The budget for the Ministry of External Affair deserves closer scrutiny’ | Photo Credit: The Hindu When the Union Budget is presented every year, most of the public attention often centres on taxation, infrastructure, and defence. In this, however, the budget for India’s Ministry of External Affairs (MEA) deserves closer scrutiny. Last year, the MEA…
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Almost all finance ministers of India have faced the challenge of widening the country’s tax net. While the debate over how few people pay income tax in India is old, what is less well-known is that many companies also avoid paying income tax. While only 2% of the population pays income taxes, nearly half of…
Read More “Why Over Half Of All Income Tax Filings In India Are Zero-Tax” »
In its latest monetary policy review earlier this month, the Reserve Bank of India (RBI) has projected a 7.2% GDP growth for 2024-25 as opposed to its earlier estimate of 7%, with retail inflation trending down to 4.5% from 5.4% averaged last year. | Photo Credit: Getty Images/iStockphoto The story so far: The National Statistical…
Read More “What is next for the Indian economy? | Explained” »