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Ajay Seth: Budget: 'Tax buoyancy can't continue year after year'

The revenue projection arises out of all sectors doing well and the formalisation of the economy helps in making sure the tax domain gets widened. ....

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Household savings report: There is no distress, says finance ministry

The finance ministry on Thursday sought to clarify that there was no distress in household savings and the data indicated that changing consumer preference for different financial products was the real reason for the change in the pattern of household savings.

The clarification comes in the backdrop of Reserve Bank of India data showing that household net financial savings rate is at its lowest in decades, at 5.1 per cent of GDP in FY23 compared to 7.2 per cent of GDP in FY22.

The divergence in the data for household gross financial assets and liabilities is not a cause for concern for the government, as the loans have largely been taken to buy real assets or automobiles, the finance ministry said. ....

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Amitabh Kant: 'India's done magical work' - Rediff.com India News

To get a 100 per cent consensus document without any reservation, any bracket, any chair summary is unprecedented in the history of multilateral forums. ....

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We see signs of buoyancy in the economy, says FM Nirmala Sitharaman

We see signs of buoyancy in the economy, says FM Nirmala Sitharaman
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The Nirmala Sitharaman Interview - Rediff.com Business

I m pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups. ....

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