-The Telegraph Corporate tax contributes 8 percentage points less to the gross tax revenue now than it did in 2014 when the Modi government took over, says P Chidambaram New Delhi: The Opposition on Monday sought answers to fundamental questions on the economy that finance minister Nirmala Sitharaman has strenuously asserted is the fastest growing in the world. Corporate tax, paid by business houses, contributes 8 percentage points less to the gross tax...

-The Hindu Business Line Policy deficit. The widening trade deficit with China points to a weakness in India’s industrial growth path It was headline news when Chinese Customs statistics at the end of September 2022 indicated that for a second calendar year, India’s trade with China would settle at well above $100 billion. That was only partly because of the positive implications of burgeoning trade between the two countries that only two...

-The Hindu Business Line Production of Gobindobhog rice is estimated to be 5-7 per cent higher this year on the back of a better-quality crop giving a better paddy to rice conversion rate West Bengal’s premium variety of aromatic rice — Gobindobhog – has witnessed a near 11 per cent decline in prices on the back of prospects of arrival of a higher crop and better quality produce. The imposition of 20...

-The Hindu The affidavit goes against the 2011 recommendation of National Commission for Scheduled Castes With the Supreme Court awaiting the Union government’s present position on including Dalit Christians as members of Scheduled Castes (SCs), the Narendra Modi government’s latest standing on this aspect has been to reject any such proposition, according to an affidavit filed by the government in November 2019, which also said Dalits who converted to Buddhism could not...

-Livemint.com The government had in October 2021 announced concessional import duty on crude soybean oil, crude palm oil and crude sunflower oil till March 2022, which was once extended till end of September. This has now again been extended till next March, as per the order. NEW DELHI: The finance ministry has extended concessional basic Customs duty and agriculture and infrastructure development cess applicable on edible oils by six months till end...