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Investment recovery unlikely without consumption revival: Devendra Pant, India Ratings

Investment recovery unlikely without consumption revival: Devendra Pant, India Ratings
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Last Updated: May 28, 2021, 01:14 PM IST
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Synopsis
The growth number looks to be very difficult to predict as of now because more than any shock which economies can model with some extent of err, what we are struggling with right now and did last year is uncertainty.
Agencies
It is consumption revival which is very important because until and unless we have consumption revival, it is unlikely that we have a broadbased investment recovery in the economy, said
India Ratings & Research on ET Now s India Development Debate. Edited excerpts: ....

Raj Krishna , India Ratings Research , India Development Debate , Devendra Pant , Chief Economist , India Ratings , India Development , Investment Recovery , Consumption Revival , Economic Growth , ராஜ் கிருஷ்ணா , இந்தியா ரேடிஂக்ஸ் ஆராய்ச்சி , இந்தியா வளர்ச்சி விவாதம் , தேவேந்திரா பாண்ட் , தலைமை பொருளாதார நிபுணர் , இந்தியா ரேடிஂக்ஸ் , இந்தியா வளர்ச்சி , முதலீடு மீட்பு , பொருளாதார வளர்ச்சி ,

India expects tax collection growth to continue despite surge in COVID-19 cases

India expects tax collection growth to continue despite surge in COVID-19 cases
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Last Updated: Apr 13, 2021, 02:28 PM IST
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Synopsis
Some business leaders have expressed concerns over the lockdowns by many states after a surge in infections, fearing that it could hit consumer demand and sales as well as tax collections.
Agencies
Goods and services tax receipts were down 8% in the 2020/21 fiscal year compared to the previous period because of a reduction in economic activities after the COVID-19 outbreak, the Central Board said.
The growth in India s tax collections will continue despite concerns that economic activity could fall because of a second wave of COVID-19 infections this month, a finance ministry official said on Tuesday. ....

M Ajit Kumar , Central Board , Indirect Taxes , Devendra Pant , India Ratings , Tax Collection Growth , Co Vid , Central Board Of Indirect Taxes , Finance Ministry , மீ அஜித் குமார் , மைய பலகை , மறைமுகமாக வரி , தேவேந்திரா பாண்ட் , இந்தியா ரேடிஂக்ஸ் , இணை வித் , மைய பலகை ஆஃப் மறைமுகமாக வரி , நிதி அமைச்சகம் ,

India expects tax collections to grow despite surge in Covid-19 cases: Report

India expects tax collections to grow despite surge in Covid-19 cases: Report
indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.

M Ajit Kumar , Central Board , Indirect Taxes , Devendra Pant , India Ratings , மீ அஜித் குமார் , மைய பலகை , மறைமுகமாக வரி , தேவேந்திரா பாண்ட் , இந்தியா ரேடிஂக்ஸ் ,

Sensex, Rupee slip amid pandemic fears as inflation surges in March

Sensex, Rupee slip amid pandemic fears as inflation surges in March
Updated:
Updated:
April 12, 2021 21:37 IST
Household goods and services inflation hit a 10-month high while recreation and amusement services touched a 9-month high.
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REUTERS
Household goods and services inflation hit a 10-month high while recreation and amusement services touched a 9-month high.
The BSE Sensex tanked 1708 points or 3.44% driven by the fear of fresh pandemic effects, taking the Rupee past the ₹75 mark against the dollar on a manic Monday for the economy, even as inflation surged further in March and industrial output collapsed sharply in February as per official data. ....

Aditi Nayar , India Research , Consumer Food Price Index , Devendra Pant , இந்தியா ஆராய்ச்சி , நுகர்வோர் உணவு ப்ரைஸ் குறியீட்டு , தேவேந்திரா பாண்ட் ,

Net direct tax receipts rise 5%

Net direct tax receipts rise 5%
Updated:
Updated:
FY21 collections exceed estimates at ₹9.45 lakh cr.; ‘fiscal deficit may be lower’
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FY21 collections exceed estimates at ₹9.45 lakh cr.; ‘fiscal deficit may be lower’
India’s net direct tax collections for the pandemic-hit financial year 2020-21 grew by almost 5% year-on-year to ₹9.45 lakh crore, exceeding the revised estimates of ₹9.05 lakh crore presented in the Union Budget and reflecting a gradual economic recovery in recent months.
Tax experts said that the Vivad Se Vishwas Scheme to settle pending tax disputes also helped bolster the collections, with net Corporation tax collections for the year at ₹4.57 lakh crore. ....

Samir Kanabar , Ministry On , Union Budget , Vivad Se Vishwas Scheme , Securities Transaction Tax , Finance Ministry , Advance Tax , Devendra Pant , India Ratings , சமீர் கனபார் , அமைச்சகம் ஆன் , தொழிற்சங்கம் பட்ஜெட் , விவாத் சே விஸ்வாஸ் திட்டம் , பத்திரங்கள் பரிவர்த்தனை வரி , நிதி அமைச்சகம் , தேவேந்திரா பாண்ட் , இந்தியா ரேடிஂக்ஸ் ,