The government had made the provision of levying 2 per cent TDS on cash withdrawals exceeding Rs 1 crore in the Union Budget to discourage cash transactions and move towards a less-cash economy

Cumulatively, the exports were down 1.53 per cent to $133.54 billion in the April-August period, while imports contracted by 5.68 per cent to $206.39 billion

Going by the 6 per cent tax rate for the equalisation levy, the tax collection of Rs 939 crore in FY19 suggests that Indian entities shelled out at least Rs 15,650 crore to place advertisements with digital giants such as Google, Facebook and mobile phone apps, up from the Rs 9,800 crore they spent in FY18.

FPIs have remained net sellers for the previous two months, pulling out Rs 5,920.02 crore in August and Rs 2,985.88 crore in July from the domestic capital markets (both equity and debt)

While a section of the market believes the government should slash GST rates on cars from 28% to 18% to revive demand, underwhelming monthly GST collection figures are of little comfort to the government

On the Bombay Stock Exchange (BSE), IDBI Bank share price gained as much as 10.84 per cent to touch an intraday high of Rs 29.65 apiece from Friday's close level of Rs 26.75 in an otherwise weak market

After slumping to an over six-year low, India's economic growth will pick up over the coming quarters but the rebound is expected to be weaker than before, said Fitch

The Finance Minister has announced a mini-stimulus package to arrest the economic slowdown. But the economy needs much more than piecemeal solutions

Debt is not a bad thing when used judiciously to build assets and grow a business. But if the cost of funds become higher than the value it is creating, it becomes a problem

Government, corporates and even households are deep in debt. In a slowing economy this could only escalate

Here is a 5-point explainer of new tax-related changes that have come into effect in India from September 1

In July, overseas investors had pulled out a net amount of Rs 2,985.88 crore from the capital markets.