The court stated that CBDT can take a lenient approach in terms of consequences of late filing of tax audit reports; \"We leave it to the better discretion of the CBDT,\" it said

The funding of the deficit is primarily going to be via market borrowing, National Small Savings Funds (NSSF), short term borrowings and drawdown of cash balances

All eyes are on the budget as the government walks a tightrope of balancing growth and fiscal concerns. Effective implementation of the proposed budget will be key

According to a note issued by Niti Aayog after the meeting, all the attendants agreed that high frequency indicators are showing signs of a strong economic recovery, and that too earlier than expected

Govt aims to vaccinate 30 crore priority individuals by August 2021 and 50 crore private individuals by 2022-end. SBI think tank says India will require around Rs 56,000-72,000 crore to administer vaccines to 80 crore people

Experts expect that further rally in the market may need the economy to regain its mojo for which the Union Budget will prove to be a ideal platform

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The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct taxes - made up of corporate and personal income tax - has gone down in 2020

Even if the government manages to collect the same tax amount in the last four months of FY21 as it did last fiscal, the total tax collection would be around Rs 18.6 lakh crore, almost 6 lakh crore lower than the budgeted estimate

The fiscal deficit currently stands at Rs 10,75,507 crore according to the latest data released by the Controller General of Accounts (CGA)

For first half of the current fiscal, India recorded a current account surplus of 3.1 per cent of GDP as against a deficit of 1.6 per cent in H1 of FY20 on the back of a sharp contraction in the trade deficit

After largely keeping its purse strings in check as the coronavirus pandemic choked businesses and threw millions out of jobs, PM Modi's government is keen to bring the economy back onto a solid growth path with the budget to be presented on Feb. 1

Moderation in monetary policy and rising yields scenario is expected in 2HCY21, which will lead to mean reversion of valuations towards 10/15-year averages

Ind-Ra says COVID-induced challenges will unlikely go away till mass vaccination becomes a reality but economic agents and activities seem to have adjusted to the post-COVID-19 world

Several studies throw up structural, logistical and financial challenges to the growth of crop insurance in India, jeopardised by apparent profiteering by insurance companies

The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year

Exim Bank expects India's non-oil exports to witness a marginal positive annual growth in December quarter, after three consecutive quarters of contraction

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy