Multiple slabs in tax regime in line with global practice

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Banking

A study of top 500 private sector companies by India Ratings & Research showed that about Rs 10.5 lakh crore of their debt could turn vulnerable, which means borrowers could face difficulty in servicing these loans. These 500 debt-heavy borrowers have an outstanding loan book of Rs 39.28 lakh crore. Out of this, the existing default amounts to Rs 7.35 lakh crore loans.

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'Companies may default on Rs 2.54-L cr bank loans in next 3 years’

A study of top 500 private sector companies by India Ratings & Research showed that about Rs 10.5 lakh crore of their debt could turn vulnerable, which means borrowers could face difficulty in servicing these loans. These 500 debt-heavy borrowers have an outstanding loan book of Rs 39.28 lakh crore. Out of this, the existing default amounts to Rs 7.35 lakh crore loans.

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Passenger car sales continue downward trend

Consumer sentiment remained subdued; SARS-CoV-2 outbreak constrained component supplies

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GST collections at Rs 1.05 lakh crore in February

The government has collected Rs 1.05 lakh crore as GST revenue in February, up 8 per cent over the same month last year. The collection from Goods and Services Tax (GST) in February was, however, lower than the Rs 1.10 lakh crore collected in January 2020.

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February GST collection crosses Rs 1 lakh crore mark for the fourth consecutive month

January was the third consecutive month when GST collections crossed Rs 1 lakh crore benchmark. However, the collection was marginally lower than the revised target of Rs 1.15 lakh crore.

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Govt aims at making India among top three world economies by 2025: Anurag Thakur

Mr. Thakur said various financial institutions, including IMF and RBI, have projected that India will once again attain fast growth

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Govt aims at making India among top three world economies by 2025: Anurag Thakur

Thakur said various financial institutions, including IMF and RBI, have projected that India will once again attain fast growth. He said the fiscal deficit, which used to be at 5.2 per cent during the UPA regime, has come down to 3.3 per cent, though "this year it will be 3.8 pc and next year we will bring it down to 3.5 per cent."

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Govt aims to make India among top 3 world economies: Anurag Thakur

Union minister Anurag Thakur was addressing a press conference after meeting stakeholders from various trades and industries during an interactive session organised by the Income Tax department in collaboration with CII. He also touched upon the government's recent initiative "Vivaad se Vishwas", a scheme to settle disputes between the tax men and taxpayers.

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