The Indian Finance Minister, Arun Jaitley, has recently claimed that resistance to economic reforms in India appears to be waning though there is no finishing line for tax reforms. This clearly shows that the government intends to streamline regulations and encourage more private investment th...
Port development and world trade, which are closely interrelated, play a crucial role in a country’s economic growth. While ports expand the market opportunity of both national and international firms, customs assess and collect revenue, prevent smuggling, ensure application of national legi...
If the fall in GDP growth in the last quarter of 2016-17 was an indication that the country was moving towards a low growth trajectory, an even slower growth during April-June 2017 must have confirmed this fear. India’s economic growth has slipped to a three-year low of 5.7% in the first quarter o...
IntroductionThe recent release of data by the Central Statistical Office (CSO) on gross value added to the Indian economy poses a cause of concern. The CSO showed that the Indian economy grew 5.7% in the first quarter of 2017-18 financial year (FY), that is, in April-June. In the same period o...
The Goods and Services Tax (GST), which was implemented on July 1, has left major businesses in a snag due to the newly rolled out rules and regulations. Archit Gupta, Founder and CEO of ClearTax, spoke to BE’s Ankita Chakraborty on how his venture is aiding businesses to comply better with v...
New Delhi is happy that India’s external debt has declined. Aggregate external debt declined 2.7% to $ 471.9 billion at the end of last fiscal against $ 485 billion as on March 31, 2016. The decline was primarily caused by a fall in NRI deposits and that of external commercial borrowings (ECB). NR...
The year 2017 had a number of significant events both domestically and internationally. We witnessed, continued rising of “right wing” political ideology, a defining moment of the same, was the unprecedented and unanticipated outcome of the US Election. We have already seen right-wing ideology t...
Company BackgroundBirla Corporation Limited (BCL) is the flagship Company of the M.P. Birla Group. The Company is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well. The Company has recently acquired the enti...
Allahabad Bank has reported a net profit was` 28.84 crore in Q 1 FY 2017-18 against a loss of` 564.96 crore during Q 1 FY 2016-17. Operating profit of the Bank has surged by 20.97% in Q 1 FY 2017-18 year on year to`1170.32 crore as against` 967.44 crore in Q 1 FY 2016-17. At the same time, it is rep...
Tax-filing is a tedious and complicated process. Even though the income tax department is trying to make it easy for tax payers, the need of tax consultants is prominent. All India ITR (www.allindiaitr.com), a government autho-rised e-filing website, recently launched a platform offering income tax ...
