In recent weeks, there has been a surge in tax notices affecting the Indian startup ecosystem, particularly in the fintech sector. Notices issued under Section 68 of the Income Tax Act have targeted several startups, probing into their venture capital funding. These notices delve into the origin and...
Gross Domestic Product (GDP) serves as the fundamental measure of economic performance for every nation. It reflects the market value of all goods and services produced within a country’s borders in a given year. However, a more pertinent measure is GDP per capita, which accounts for the GDP divid...
IntroductionIndia’s significant and escalating income and wealth inequality have garnered attention among economists and global observers. The issue has taken center stage in the ongoing parliamentary election, as highlighted by the Loknity-CSDS 2024 pre-poll survey (The Hindu, April 11, 2024). Th...
While major world economies have successfully tackled inflation over the last six months by bringing retail inflation (the monthly consumer price index-based inflation) close to the central bank target rates of 2% with and emerging economies including India’s Reserve Bank of India have achie...
The onset of the new financial year FY25, commencing on April 1, 2024, does not promise any relief from the economic challenges persisting since the previous fiscal year. In recent months, various banks and financial institutions in India, including Bank of Baroda, HDFC Bank, Kotak Mahindra Bank, Pa...
Punjab remained one of the major beneficiaries of the green revolution. Later, the state turned out to be a role model for other states and provinces in portraying how agriculture can be used as a medium for fast development. However, too much dependence on agriculture (for long) as a driver of grow...
The volume of exports plays a pivotal role in the GDP of any economy. India, as one of the fastest-growing major economies globally, anticipates surpassing Japan to become the third-largest economy in the coming years. Historically, vibrant export sectors have been fundamental to the prosperity of s...
The first of the six bimonthly meetings for FY 2024-25 of the Monetary Policy Committee, which sets the policy interest rate (MPC) of Reserve Bank of India (RBI) valid for two months (April and May) is scheduled to be held on April 3-5.The current policy interest rate (known as REPO) is the int...
The Ministry of Corporate Affairs (MCA) has officially introduced the ‘Leniency Plus’ framework, marking a significant stride for the Competition Commission of India (CCI) in enhancing antitrust enforcement within the nation. With the implementation of this new system, the CCI gains the authorit...
IntroductionA Noteworthy Interim Budget PresentationOn February 1, the Union Finance Minister unveiled the fifth budget of Modi Government 2.0. Despite being an interim budget, the enthusiasm displayed by the ruling party MPs indicated its significance. Over the years, the gap between interim and fu...
