Browsing CategoryEconomy

21 Jan 2022 The Union Budget for 2022-23 is being announced in exceptional circumstances—a nascent economic recovery is gathering pace, investor confidence is on the upswing and Indian stock markets are booming. Yet, a spike in covid infections led by the Omicron variant and a third wave of the pandemic…

21 Jan 2022 The pandemic affected economies around the world, with China being the only major economy registering positive growth in 2020. The policy support of the governments, vaccinations, a better understanding of the virus and how to deal with it, have all brought growth back.  However, the post pandemic…

13 Jan 2022 The Indian economy has shown great resilience amidst severe pandemic disruption. Guided by the Government’s supportive policies, India is now back on growth track with four consecutive quarters of growth and the feasibility of 9.5% annual growth for this fiscal. At this juncture, India Inc would like…

11 Jan 2022 As per the Receipts Budget 2021-22, the direct tax disputed amount as on 31st March 2020 stands at INR 8.8 lakh crores. While a majority (78.6%) of the cases are locked in litigation at Commissioner (Appeals) level, a huge amount is also locked at Income Tax Appellate Tribunal…

16 Nov 2021 The COVID pandemic is an unprecedented event in the history of the modern world. It has left an indelible mark on economies around the globe and challenged their resilience. It has impacted geo-politics, global trade and perhaps globalisation itself. On a positive note, the pandemic has placed…

09 Nov 2021 While the Indian economy has been recovering well from the ravages of the pandemic, the recent increase in commodity prices has emerged as a huge concern. Inflation was not expected to rise at this point, given that demand is still subdued as a result of the hit…

10 Sep 2021 The Gross Domestic Product (GDP) numbers printed at 20.1 per cent in the first quarter of April – June 2021-22 (Q1FY22). While in a normal year this would have been considered extremely good, the fiscal year 2021-22 was anything but normal, with the first wave of the…

23 Aug 2021 The pitch for financial inclusion in India got stronger this year especially against the backdrop of the pandemic. Today, more than 65 per cent of India’s population lives in rural towns or villages. Largely comprising of an “Earn and Pay” arrangement, the anomaly in a steady stream…