The Comptroller and Auditor General (CAG) of India has found that the Central government in the first two years of the GST (Goods and Services Tax) implementation 2017-19 wrongly retained Rs 47,272 crore of the GST compensation cess that was meant to be used explicitly to compensate state governments for loss of revenue. The CAG ...

The Government of India might unleash another package of stimulus if a report is to be believed. The story of stimulus comes ahead of a possible Lockdown 5.0 or complete withdrawal of the lockdown. According to the Hindustan Times, three officials familiar with such relief have shared that the package will include monetary, fiscal, and ...

The coronavirus pandemic is enormously affecting the world economy. Its effect isn’t constrained to specific geography, religion, culture, or ethnicity, however, envelops pretty much every part of human life. The outbreak of the virus’ has influenced more than 180 nations over the globe, and in India, around 12 million will be pushed to the very ...

Finance Minister Nirmala Sitharaman announced a reduction in the PF contribution of both employee and the employer to 10% each from the prevailing 12% each for all establishment secured by EPFO for the following 3 months. Employees working in the private sector will take more salary home for May, June, and July – as the ...

Following Prime Minister Narendra Modi’s announcement of relief package of Rs.20 lakh crores on 12 May evening, all eyes are now on the Finance Minister Nirmala Sitharaman’s press conference on the same issue today at 4.00 pm. In yesterday’s televised address to the nation, the prime minister announced the extension of lockdown and an economic ...