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By Sanjay Kapoor Almost eight months into the pandemic, we are more or less reconciled with a few aspects of ‘Covid life’. Economies with tighter social distancing are likely to experience more negative shocks in their domestic sector. Demand, as opposed to supply, is becoming a bigger concern, especially for sectors associated with discretionary activities.
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MUMBAI: Large tax payers and experts have reached out to the government to say that `faceless assessment’ of Income tax must be combined with ‘virtual hearings’ in tackling one of the most complex laws in the country. They have identified areas like transfer pricing, capital gains, related party deals, and mergers and acquisitions — which
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By Chandrajit Banerjee The government has touched a new milestone by taking up a series of reforms to make tax compliance easier for taxpayers through the platform for ‘Transparent Taxation – Honouring the Honest’. Launched by Prime Minister Narendra Modi, it meets the requirements of a 21st century taxation system. The platform lays down the
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This week, international ratings agency Moody’s downgraded India’s sovereign debt ratings and made the outlook negative. The same agency had upgraded India’s ratings in 2017. The government had highlighted this achievement back then. This time, the downgrade met with radio silence. Moody’s assessment is no surprise. It is another piece of evidence that our economy
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By Sunil Alagh Prime Minister Narendra Modi has been exemplary in handling the Covid-19 situation through the lockdown, and then giving the economy a much needed boost through the economic stimulus. The priorities were clear — revival, and then sustainable growth. First save lives and look after the poor, the migrants workers and farmers. Then
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John C Hulsman Covid-19, the political risk event of our generation, will change many things. Not least of these is the continued sufferance of illogical, highly detrimental economic philosophies of the world, ideologies that India simply can no longer afford to tolerate. Foremost among these is the EU’s championing of the precautionary principle. The precautionary
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By Dhiraj Nayyar India’s economic goal(post)s have changed in the last fortnight, from a $5 trillion economy to Atmanirbhar Bharat (self-reliant India). Of course, in the end, what everyone wants is a prosperous India where nobody is left behind in poverty. But there are many pathways, and several speed gears, to get there. That is
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By Gaurav Dalmia How can business move to normal? A three-tiered framework of macro, industry and company can be useful. Macro analysis entails scenarios on evolution of the health crisis, GoI’s fiscal response, and how global trade and capital flows may alter. Industry analysis warrants an understanding of consumer behaviour and its implications. Analysis of
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Confederation of Indian Industry (CII) poll of about 100 CEOs conducted on May 4 has revealed that most of them expect the economy to contract this year. As per an earlier poll, one-third of firms expect their revenues to contract more than 40% this year. Almost half of those surveyed felt that it would take
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