Business Economy

People talk of a fear factor depressing investment but Budget doesn’t address it: Montek Singh Ahluwalia

Fear factor, a cumbersome tax regime and tax laws criminalising defaults have depressed private investments, noted economist and former Planning Commission chief Montek Singh Ahluwalia said on Sunday  Mr. Ahluwalia, speaking to The Hindu ahead of the formal launch of his book Backstage, where he shares an insider’s account how economic policies were formulated in the past […]

Business Economy

CBIC clarifies on late GST payments

Interest payable on delayed payment of GST will henceforth be calculated on net tax liability and the law is being amended to give effect to it, the Central Board of Indirect Taxes and Customs (CBIC) said on Saturday. Amid concerns over its recent directive to field formations to begin recovery of about ₹46,000 crore of […]

Business Economy

Credit growth momentum picking up; no possible spike in inflation, says Shaktikanta Das

Amid concerns over economic slowdown, RBI chief Shaktikanta Das on Saturday said credit growth momentum is picking up and ruled out any possible spike in inflation due to Budget proposals as the government is maintaining “fiscal prudence”. After the first meeting of the RBI board post 2020-21 Budget presentation, Mr. Das also expressed hope that […]