India’s economy likely contracted 12% in Q1: Report

The economy had its most exceedingly awful withdrawal on record in FY21 at 7.3 percent as the 2.5 long periods of spontaneous lockdown reported by the middle with simply a four-hour notice had disabled the economy in the principal quarter with a gigantic 23.9 percent constriction, which improved to – 17.5 percent in the subsequent quarter. Lockdowns forced by the […]

Income Tax Return: These Taxpayers May Have to Pay Double TDS from Next Month

Highlights In Budget 2021, a new section 206AB was introduced to deduct TDS at a higher rate in certain cases New Delhi: Income Tax Return: If you have not yet filed Income Tax Return, then fill it this month, because from July 1, you may have to pay a big price for it. hardened.The last date for filing Income Tax […]

MSP will continue’: Govt announces hike in support prices for Kharif Crops

New Delhi. The Union Cabinet chaired by Prime Minister Narender Modi on Wednesday announced Minimum Support Prices for Kharif crops for the crop year 2021-22. The government raised the minimum support price (MSP) for paddy by Rs 72 to Rs 1,940 per quintal for the crop year 2021-22, from Rs 1,868 per quintal last year. Union Agriculture Minister Narender Singh […]

Central Bank, IOB may be taken up for privatization

Highlights: Government may sale its stake in Central Bank and Indian Overseas Bank The market value of these banks based on the current share price is Rs 44,000 crore. NITI Aayog has submitted names to the Core Committee on Disinvestment of Secretaries New Delhi The central govt had declared the privatization of two banks in the general budget declared in […]

G7 nations near historic deal on taxing multinationals

The proposed agree, which would form basis of a global pact in next month, is ambition at ending a decades-long “race to the bottom” in which countries have participated to attract corporate giants with ultra-low tax rates and exemptions. US President Joe Biden’s administration has provided the stalled talks fresh impulsion by proposing a minimum global corporation on tax rate […]

India’s GDP contracts 7.3% in FY21, but uptick in Q4 with push from manufacturing

The uptick in the fourth quarter was driven mainly by the manufacturing industries even as services remained comparatively stagnant, provisional estimates of annual national income and quarterly estimates released by NSO . India’s GDP grew 1.6% in the 4th quarter of 2020-2021, before the second wave of pandemic arrived in the country. This comes on the top of 0.5 % […]

“False Narrative…”: Centre Clarifies on Central Vista, PM House Plan

Central Vista Project: Union Minister Hardeep Puri told no design had been formed for new Prime Minister’s residence and only two projects – the Parliament building and the widening of the central vista stretch – were on track. NEW DELHI: The Delhi High Court refused a challenge to the central vista project. Union Minister Shri Hardeep Puri told a false […]