New Delhi: India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world’s fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a ‘very … Read more
New Delhi, The performance of the Goods and Services Tax Network system has improved steadily over time, resulting in a steady increase in taxpayers in the country, Economic Advisory Council to the Prime Minister (EAC-PM) has said in a working paper. After years of debate, India rolled out the Goods and Service Tax (GST) in … Read more
India will be seeking to restructure multilateral financial institutions like the International Monetary Fund and World Bank which are out of sync with present-day challenges, a top official said on Monday. These Bretton Woods bodies were created after the World Bank, and are largely focused on the direct lending which was necessary in the post-second … Read more
Corporate earnings continued to remain healthy in 4QFY22 and instilled a ray of hope, amid the grim situation plagued by various disruptions. Earnings for 4QFY22 were in line with MOFSL expectations, despite the global and domestic economic environments grappling with challenges like geopolitical conflict, a surge in energy prices, raw material inflation, chip shortage, monetary … Read more
Rajasthan, Maharashtra, Bihar, Tamil Nadu and Madhya Pradesh are the top five elderly states on the quality of life for elderly index released by the Economic Advisory Council to the PM on Wednesday. Himachal Pradesh, Mizoram and Chandigarh lead the rankings in relatively-aged states, north eastern states and union territories categories respectively. The index ranks … Read more
Plus, RTAs mess up the duty structure. Ideally, duties should be lowest for raw materials, higher for intermediates and highest for finished goods, with a complication of figuring out which item is what. Synopsis Can one unambiguously conclude that all RTAs lead to trade-investment creation? No. The answer is empiricaland depends on specifics of the … Read more