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Past articles by Aanchal:
Nirmala Sitharaman: ‘This is a golden opportunity for India. We should really not miss the bus this time’
A day after presenting her fifth consecutive Budget, Union Finance Minister Nirmala Sitharaman spoke to Aanchal Magazine, Anil Sasi and P Vaidyanathan Iyer at her first-floor corner office in North Block. → Read More
Budget keeps focus on capital expenditure, Rs 2.4 lakh cr to Railways, highest ever
The Centre's capital expenditure outlay will be Rs 10 lakh crore for FY 2023-24, an increase of 33 per cent year-on-year, Union Finance Minister Nirmala Sitharaman said. → Read More
Economic Survey lists growth outlook pointers, flags current account deficit challenge
India's gross domestic product (GDP) growth of 6.5 per cent in 2023-24 compares with an estimated 7 per cent expansion in current fiscal year (April 2022 to March 2023) and 8.7 per cent in the previous year. → Read More
Govt plans to raise duty on non-essential goods
In the current form, HSN codes are seen as subsuming a broad sweep of items, even at the six or eight-digit classification levels. For instance, there are different types of materials for bicycle hubs including steel, alloy, ceramics but all bicycle hubs come under the same HSN code. → Read More
GST on online gaming, casinos, racing: issues in the debate
A ministerial panel is likely to recommend a uniform 28 per cent tax rate, irrespective of whether it is a game of skill or chance. → Read More
Amended EPS is upheld, SC opens window to opt for higher annuity
Members can get to contribute 8.33% of actual salaries towards pension → Read More
With eye on defaulters, Centre tweaks overseas investment rules: The changes, explained
The Finance Ministry said these norms make it easier for domestic corporates to invest abroad. What are the tweaks in overseas investment norms? → Read More
Explained: 3 reasons why GST collections continue to surge
Experts say that action against tax evaders, including steps being taken by state authorities, have resulted in better compliance and helped push the growth in GST collections along with economic recovery and higher inflation rate. → Read More
Explained: Tax rate changes decided by the GST Council
In the changes, which are expected to affect consumers at the most basic level, GST exemption has been withdrawn from ‘pre-packaged and labelled’ retail packs, but items sold loose or unlabelled shall continue to remain exempt. → Read More
Centre imposes extra levies on petrol, diesel exports; hikes gold import duty
A cess of Rs 23,250 per tonne (by way of special additional excise duty) or windfall tax has been imposed on crude. A special additional excise duty (SAED) of Rs 6 per litre has also been imposed on exports of Aviation Turbine Fuel. → Read More
No more mandatory GST registration for small online sellers, but with riders
While this move will bring parity between online and offline sellers, it is subject to certain conditions, Finance Ministry officials said. → Read More
Pre-packaged food under GST, 12% tax on hotels with tariff up to Rs 1,000
According to sources, the GST Council has also approved compliance measures for high-risk taxpayers including mandatory biometric authentication, inclusion of electricity bill data, real-time validation of all bank accounts against a particular PAN and geo-tagging. → Read More
Rationalisation, reforms may test Centre-state relations at GST meet
With high inflation rate, any major rejig of tax slabs will not find favour in near term, instead the Council is likely to rely heavily on a series of other measures to boost revenues. → Read More
GST Council to vet verification plan for high-risk taxpayers
The GoM on system reforms has also recommended mandatory biometric authentication for high-risk taxpayers along with use of artificial intelligence to prepare reports detailing risky behaviour of such taxpayers. → Read More
Mandatory e-way bills for gold set to be on GST Council table
The GoM has suggested that states should be allowed to decide the modalities about the imposition of the e-way bill for intra-state movement of gold and precious stones within their states. → Read More
July 2020-June 2021: 0.7% of nation’s population was ‘temporary visitor’
Over 84 per cent of these ‘temporary visitors’ moved places for reasons linked to the pandemic. → Read More
Explained: Snapshot of industry in ‘normal’ year that preceded the Covid pandemic
In 2019-20, the number of factories in the country increasing slightly over the previous year, and employment in individual proprietorship declined. → Read More
Beating inflation: RBI may have to kill demand, hike rate, suck liquidity
Most of the risks to inflation are seen emerging from the crisis due to the Ukraine-Russia war. The repo rate – the rate at which the RBI lends to banks – was 5.15 per cent in February 2020 before the pandemic. → Read More
GST Council for hiking rates of 143 items, asks states for views
Of these 143 items, 92 per cent are proposed to be shifted from the 18 per cent tax slab to the top 28 per cent slab. → Read More
India will try to extend all possible cooperation to Sri Lanka: Sitharaman
India has so far committed $1.9 billion to Sri Lanka in the form of credits for essential commodities and fuel, and also in loans and currency swaps. → Read More