Various research firms and rating agencies have estimated that economic activities during the lockdown period would drop to 20-30 per cent level, and since two-thirds of the lockdown period falls in April, the impact would be visible more in the May

Coronavirus update: The aviation sector has been hit hard by COVID-19 with airlines cancelling international flights and announcing pay cuts for employees

In wake of the 21-day lockdown, the government has extended the deadline for filing income tax returns for the FY 2018-2019 to June 30

Sensex, Nifty Live News Today: In March month, Sensex and Nifty have declined by 25%. The coronavirus is guaranteed to throw the world into recession, and economists are becoming less convinced about the potential for a strong snapback in growth.

Out of gross borrowing of Rs 7.8 lakh crore, the government proposed to borrow 62.56% in the first half of financial year 2021

Till February, government's gross tax collection was Rs 16.78 lakh crore, Rs 4 lakh crore short of 2018-19 full-year collection of Rs 20.80 lakh crore

Reports say that the global investors including Brookfield, Omers, Mubadala and ADIA are in early stage discussions with Tata Power to invest around $500-600 million in its renewable energy InvIT

This is the first time the Finance Minister and the Reserve Bank of India (RBI) would discuss this matter through video conferencing as the country undergoes a lockdown

Shell companies are intrinsic to the global and Indian economy, but they require a high level of oversight to prevent them from becoming conduits for illicit financial flows

So far, their progress is mixed with individual countries taking more aggressive positions to bring a change to the impact of what would be known several years from now

Ratings agency Moody's estimated global capacity would fall by 25 percent to 35 percent this year

Tax havens have powerful backers; they include big nations including the UK and the US, reputed international bankers, accountants, law firms and many others which makes it difficult to discipline them

Share price of IRCTC was locked in lower circuit of 5% today after Indian Railways cancelled 433 trains as citizens avoid travel fearing spread of coronavirus pandemic

J&K Budget 2021: With regard to tourism development, Finance Minister said three religious circuits have been announced in the Budget

Tax havens are increasingly being used for tax avoidance and other purposes; most of India's FDI inflows and outflows also are routed through them and should be a cause of concern

The significant impact on demand and output will have impact on GST collections in March and April due to the coronavirus outbreak

Share price  of IRCTC fell 5% or Rs 55 to Rs 1,052 compared to the previous close of Rs 1,108.35 on BSE

An increase of Rs 1 per litre of road and infrastructure cess collected as an additional excise duty and a Rs 2 per litre increase in special excise duty was notified on Friday

The government on Friday approved Remission of Duties and Taxes on Exported Products, a scheme for reimbursement of taxes and duties to exporters

While some developed economies have adopted anti-tax avoidance GAAR and digital tax on sales of multinationals, India has been deferring operationalisation of GAAR since 2012 and is also handicapped by lack of adequate studies and data