Though the goods and services tax (GST) regime has subsumed a plethora of levies, some still exist (petroleum and electricity are still outside the GST ambit, while other levies like mandi tax, stamp duty, embedded central GS
The government is far from finalising details of its offshore bond sale plan, as it is in the process of working out various operational aspects and weighing potential macroeconomic impact of the move, a source told FE.
FE had reported last week that although the Jalan panel’s report was being edited after recommendations were finalised in its last meeting on July 17, it might seek views of the finance ministry again.
The government could raise around $10 billion from the issuance of its first overseas sovereign bond, as it expects a great enthusiasm for its securities in the foreign market. In an interview to FE on Saturday, finance secre
Budget 2019-20: Keen to soften the blow for the MSME sector that was hit by the double whammy of demonetisation and the goods and services tax (GST), finance minister Nirmala Sitharaman could also heed industry demand for a 2
The government’s reliance on NSSF has only grown in recent years. From just 1.8% in FY13, NSSF funds financed 19.7% of fiscal deficit in FY19 and are budgeted to contribute 18.5% of the deficit in FY20, according to analyst
With uncertainties hovering around the amount of surplus transfer from the Reserve Bank of India to the government, the capital infusion into PSBs in FY20 will most likely be through recap bonds again.
Massive electronics imports and their debilitating impact on trade balance have long pressured the country’s current account, but a spurt in electronics exports since last year has pleasantly surprised policymakers.
In December 2018, the Cabinet Committee on Economic Affairs (CCEA) had approved an agriculture export policy that proposed to keep the outbound shipment of processed and organic items free of any restriction.
With increasing instances of corporate frauds, the new government could consider substantially raising the strength of the Serious Fraud Investigation Office (SFIO) to bolster its capacity to investigate