After three to four years of stress, the real estate sector was meant to recover in the 2020 fiscal. Some factors like demonetisation (2016), implementation of the goods and services tax/GST (2017) and the enactment of the strict Real Estate Regulatory Authority/RERA law caused significant dis...
Oil prices have been rising in India. It has crossed `100 in some places in Rajasthan and Madhya Pradesh. Different states levy different rates of Value Added Tax (VAT) and the central government levies excise duty and cess on petroleum products. Therefore, the prices of petrol, diesel, cookin...
The Indian government has been claiming that the economy is on a path of a ‘V’ shaped recovery. The Economic Survey 2021, prepared by the Ministry of Finance, has also claimed the same. Several indicators like collection of GST, number of issues of e-way bills, movement of GDP towards the ...
Budget 2021 has doubled the allocation for the MSME sector. The allocation has been raised to `15,700 crore from `7,572 crore in the previous fiscal. It has also focused on promoting domestic manufacturing to help the MSMEs. MSMEs have a very big role in the economy and Budget 2021 has helped ...
The Union Budget 2021-22 is being coined as the ‘Infrastructure Budget’ by many experts including Dinesh Kumar Khara, Chairman, State Bank of India. The most striking feature of the Budget has been an increase of 34.5% in capital expenditure which has been pegged at `5.54 lakh crore. The B...
The Economic Survey 2021 has been tabled in the Parliament. It is prepared by the Chief Economic Advisor of the Ministry of Finance. It is known that the Survey is an economic document of the finance ministry and it discusses the overall economic performance of the concerned financial year. It...
In some of the Indian states, schools have reopened and some states are thinking of reopening them in a few weeks. But there are instances where schools have been closed again after reopening. This happened in many European countries like the United Kingdom and Germany. There are also in...
A few days ago, Prime Minister Narendra Modi expressed his concern over the aversion of a section of the Indian population towards vaccination. He has attributed this to rumour mongering. The government has also taken steps to check this. Recently, Ajay Bhalla, Secretary, Department of Home Af...
The Union government ordered a few weeks ago that 100% of food grains would be packed in jute sacks. But this is not a new thing. Under the Jute Packaging Materials (Compulsory Use in Packing Commodities) Act, 1987, the government specified the commodities and the extent to which they were man...
Micro, small, and medium enterprises (MSME) is known to be of immense importance to the Indian economy in terms of employment, output and exports. But presently, the sector is vulnerable. In the lockdown period, the entire MSME sector was shattered. But with the gradual unlocking phases, many ...