Public Finance Activities

Modest downgrade of India’s growth due to slow domestic consumption: IMF

Azeem Apr 14, 2023

India's growth rate has been modestly downgraded from 6.1 per cent to 5.9 per cent for the current fiscal mainly because of the slowness of domestic consumption and data revision, according to a top IMF official. The…

Economy

Interest rates may fall to pre-Covid levels in advanced economies: IMF

Azeem Apr 11, 2023

Interest rates in major economies are expected to fall to pre-pandemic levels because of low productivity and ageing populations, according to a forecast, BBC reported. The International Monetary Fund (IMF) said…

Economy

Cost Inflation Index for current fiscal at stands at 348, notifies I-T dept

Azeem Apr 11, 2023

The Income Tax Department has notified the Cost Inflation Index for the current fiscal beginning April 2023, for calculating long-term capital gains arising from sale of immovable property, securities and jewellery. …

Economy