Tax-GDP Ratio
Given the sharp rise in the number of Income-Tax returns filed and an increase in the number of taxpayers, the direct tax-GDP ratio touch a decadal high of almost 6 per cent.
UN model on cross-border insolvency
A government-appointed Insolvency Law Committee (ILC) has recommended adoption of a United Nations model law for dealing with cross-border insolvency cases under the Insolvency and Bankruptcy Code.
Growth in Bank credit
The overall credit outstanding of scheduled commercial banks on a year-on-year (YoY) basis jumped to over 4-year high of 12.2% in August 2018.
Generalised System of Preferences(GSP)
Indian Exporters appear to be confused on whether exports to the U.S. eligible for duty-free entry into the U.S. under the Generalised System of Preferences (GSP).
Wealth per adult in India at $7,020, China at $47,810
As per the Credit Suisse report, India created a whopping 7,300 more millionaires during the 12 months to mid-2018.
Solar capital cost to go up : ICRA
According to ICRA, the imposition of safeguard duty by the government on imported photovoltaic modules and rupee depreciation are estimated to increase the capital cost of solar power projects by 20-25%.
India leads in low-cost carrier growth
According to Centre for Asia Pacific Aviation (CAPA)India has emerged as the fastest growing low-cost carrier (LCC) market in the world.
Trade deficit shrinks to 5-month low
As exports contracted for the first time in as many months, India’s trade deficit shrank to its lowest in five months in September, at $13.98 billion.
WPI inflation rises to 5.13%
Wholesale Price Index (WPI)-based inflation jumped to a two-month high of 5.13 per cent in September.
Telecom Sector faces loss
The telecom sector is likely to experience three more quarters of losses, hurt by high levies and “unsustainable tariffs”, director general of industry body Cellular Operators Association of India (COAI) has said.