Browsing CategoryDG’s Journal

18 Aug 2020 The government has touched a new milestone by taking up a series of reforms to make tax compliance easier for taxpayers through the platform for ‘Transparent Taxation – Honouring the Honest’. Launched by Prime Minister Narendra Modi, it meets the requirements of a 21st century taxation system.…

07 Aug 2020 Tax reforms, for both direct and indirect taxes, have been one of the key focus areas of the Union government over the past few years. The shift has been towards rationalisation, simplification, greater transparency, ease of paying taxes and creating an overall taxpayer-friendly ecosystem. The faceless e-assessment…

04 Aug 2020 The year 2022 will mark 75 years of India’s Independence, a poignant moment in our nation’s history. The Government’s Strategy for a New India@75 developed by NITI Aayog in 2018 involves achieving many developmental objectives by the year 2022, using innovation, technology, enterprise and efficient management. It…

29 Jul 2020 The Covid-19 outbreak that had an unprecedented impact across all sectors of the economy, has significantly changed the economic landscape of the country. However, with the easing of the lockdown and resumption in economic activity, some green shoots are visible in the economy, that will help pave…

10 Jul 2020 In the wake of Covid-19, the Central and state governments have accorded an unprecedented priority to improving the business environment in the country by driving reforms to facilitate ease of doing business. The country has jumped up to rank 63 from 142 in the World Bank Doing…

06 Jul 2020 The historical Goods and Services Tax (GST) regime was rolled out on July 1, 2017, with the expectation that multiple central and state taxes would be subsumed in one tax, with the tagline of “One Nation One Tax”. As it completes three years, it is evident that…

14 Jun 2020 As India moves to Unlock 1.0 and economic activity resumes, the focus must be on getting growth back on track and reinvigorating the economy.  A high degree of uncertainty will characterise the new paradigm that the economy will enter, yet it is imperative to take bold and…

27 May 2020 FM’s announcements added up to a prudent combination of stimulus and reforms. A well thought out package was presented aimed at addressing the short-term challenges, medium-term support to business and enterprises coupled with significant policy reforms, likely to act as a catalyst for economic recovery. The comprehensive…

25 May 2020 Over the past few days, finance minister Nirmala Sitharaman has unveiled a slew of measures that would help the Indian economy battle and recover from the adverse impact of the coronavirus crisis. With its focus on promoting “Atma Nirbhar Bharat”, transformational and structural reforms have been introduced…

20 May 2020 The announcements made by the Finance Minister for five days consecutively, added up to a prudent combination of stimulus and reforms. A well thought out package was presented aimed at addressing the short-term challenges posed due to COVID-19 induced crisis, medium term support to business and enterprises…