E-way bills stood at 75.24 million in April 2022, up 28% on year, reflecting continued momentum in shipments due to…
“The LIC IPO has been fully subscribed on the second day of its opening. There are still four more days…
According to Deloitte India partner MS Mani: “Some of the states excessively relied on the 14% guaranteed revenue aid for…
The SC order would mean that the the change in law can’t be an alibi for taxpayers to escape the…
A senior government official said, of the total institutional demand gauged till the closure of the anchor portion of the…
The taxation base will, however, be decided by the GoM in two weeks after considering the report of a committee…
GST compensation cess though not part of the divisible pool, entirely goes towards compensating states for shortfall in GST revenues.
“The opinions of the states have been sought on raising the GST rates on 143 items. After getting a sense…
The Centre will sell a minimum 3.5% stake in LIC, but the final size of the IPO could be raised…
Issue to hit market in first week of May
The valuation of the insurance behemoth is “veering towards 1.1 times its embedded value (of Rs 5.4 trillion),” a senior…
The size of the offer and valuation will rely on the feedback from prospective anchor investors and the equity market…
Looking ahead, in terms of current account deficit (CAD), we expect the average quarterly level in FY2023 to be modestly…
Companies in these sectors, which were already suffering from GST on cross charges for common services, will see further rise…
Capex by these units up 21% on year, NHAI largest investor at Rs 1.57 trn
Separately, it may also spend about Rs 1.5 trillion on food subsidy in the year, about Rs 50,000 crore less…
Thanks to buoyancy in tax revenues, the Centre released Rs 8.83 trillion to states for FY22 as their share of…
The extra collection means, the Central GST collections may grow around 20% in FY23 as against 12% factored in FY23BE…
