Day: December 6, 2022

Widening of tax base, enforcement measures behind high tax buoyancy in H1FY24Widening of tax base, enforcement measures behind high tax buoyancy in H1FY24

Multi-year-high tax buoyancy recorded in the first half of FY24 by the Centre raise questions about how much of the spurt is attributable to higher revenue productivity, and the use of the implicit price deflator. Statistically, the buoyancy of a tax system gauges the overall responsiveness of tax revenue to variations in the GDP, and […]

Rupee flat as local US dollar demand counters softer greenbackRupee flat as local US dollar demand counters softer greenback

The Indian rupee was little changed on Thursday, despite Asian peers moving higher, as U.S. dollar demand from importers and local oil companies offset a softness in the greenback. The rupee was at 83.2350 against the U.S. dollar as of 11:30 a.m. IST after closing at 83.24 in the previous session. The dollar index fell […]