Even though the government is staring at a gaping hole on the revenue front in the current financial year due to the pandemic, tax practitioners are expecting tax relief under multiple heads in the estimates for 2021-22

In a letter to chief secretaries of all states and UT, Union Home Secretary Ajay Bhalla advised them to take penal action against those who are found to be involved in dissemination of wrong and ill-informed rumours regarding safety and immunogenicity of the COVID-19 vaccine candidates

ICRA expects India's fiscal deficit to widen to Rs 14.5 lakh crore or 7.5 per cent of GDP in FY21 and 5 per cent of GDP in the next fiscal

Green Tax has been proposed to dissuade people from using vehicles that damage the environment, motivate them to switch to newer, less polluting vehicles and to reduce overall pollution level and make the polluter pay for it

While the urgent requirement is to revive demand and consumption, measures for improving India's competitiveness are important for long-term sustainability and economic prosperity