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TAX ELASTICITY
Make destination holidays truly count as India weighs travel and trade-offsWith an increasing number of Indians opting for overseas vacations, the rupee is under strain, prompting government intervention. While eff...- RBI pause now, tightening later: A delicate trade-off with rising tail risksIndia's economy faces testing times from rising oil prices and global uncertainty. While growth is solid, it is uneven and vulnerable. Infl...
- IndiGo shares tumble 8% on crude spike, but Kotak upgrades stock to BuyInterGlobe Aviation shares plunged amid soaring oil prices, with Brent crude exceeding $116 a barrel due to supply disruptions. Despite the...
- India’s tax-to-GDP ratio aligns with major economies as reforms lift revenue: ReportIndia's tax-to-GDP ratio stands at 19.6 percent, matching major global economies. This figure, combining central and state collections, exc...
- Ambuja Cements, ACC and other cement stocks surge up to 4% after GST slashed from 28% to 18%Cement stocks surged following the GST Council's decision to reduce the tax on cement from 28% to 18%. This move is expected to boost infra...
- Economists reveal major Math blunder in Donald Trump's tariff formula that inflates impact by 400%, could spark global trade chaosEconomists found a major error in the tariff formula used by the Trump administration. The formula overestimates the impact of tariffs by a...
- India charges 52% but was slapped with 'discounted' 27% tariffs by Trump; Here's the maths behind the reciprocal tariffsReciprocal tariffs aim to balance U.S. bilateral trade deficits by calculating the necessary tariff rates. These tariffs counteract economi...
- Are there more sin taxes coming?Governments traditionally impose higher taxes, often known as 'sin' taxes, on products with adverse health effects, such as alcohol and tob...
- Is the fiscal heading for a Catch-22 logjam?This might make it imperative for the government to increase the tax burden on the corporates, look for other avenues like higher dividend ...
- Uttar Pradesh, Karnataka and Maharashtra paid maximum tax for tobacco itemsIndia's central government has collected the highest amount of taxes from tobacco and tobacco products from the populous states Uttar Prade...
- Unrealistic targets? 6 reasons why Sitharaman's Budget may be too optimisticSecond, state governments have been lagging considerably on capex. Third, the revival in private capex remains elusive and given the risks ...
- Budget 2023: Cigarettes to cost more as Budget proposes 16% hike in dutyNoting that the health care burden due to tobacco consumption in India is around 1.04 per cent of GDP, pushing many into poverty, Arvind Mo...
- India better positioned against proposed US tax laws: ReportUnder the current proposals for the US border adjustment tax, exports will be exempted from the calculation of US corporate taxable incomes...
- Attempts made to hack online system of a PSU bank: Arun JaitleyJaitley said after the hacking attempts, all banks and the Reserve Bank of India have taken a number of security measures to check such des...
- Here is everything you want to know about Laffer Curve and taxIn economics, Laffer Curve is a graphic representation of the relationship between rates of taxation and the resulting levels of government...
- Ajit Singh asks Finance Minister Pranab Mukherjee to revert to earlier service tax ratesAjit Singh has urged Pranab Mukherjee to revert to the earlier rates which were capped at Rs 100 and Rs 500 per domestic and international ...
- HSBC puts 'sell' on Bharti AirtelHSBC maintains `Sell’ rating on Bharti Airtel (Bharti).
- Towards an efficient tax systemThe time has come to move further in the direction of a simple, neutral and efficient tax system that encourages capital formation.
- FICCI suggest govt to withdraw CST by '09Industry body FICCI, in its pre-budget suggestion on indirect taxes, has urged the government to withdraw Central Sales Tax (CST), in a pha...
- Ficci wants huge tax reformsDemanding simplification of tax structure, industry chamber FICCI on Wednesday asked for various sops including doubling of the Income Tax ...
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