GDP growth rate is the headline number everyone tracks, to figure out how the economy is doing. It is time we shifted focus to the Gross Value Added, or GVA, which is a more direct measure of the incomes generated in the economy. GDP numbers are affected by random decisions of the GST Council to raise tax rates or by the government’s decision to slash subsidies.
To support the financial needs of urban households, the National Housing Bank introduced a new refinance scheme to extend credit to this sector. The scheme aims to increase the available funds and support credit facilities for economically weaker sections of income groups residing in urban households.
TK Arun Social cohesion, a prerequisite of economic vigour, under attack from sectarian politics; domestic investment languishes even as Indians invest massively abroad. It is now more than 11 years since Narendra Modi assumed leadership of the Indian state, effected…
TK Arun The government announced income tax concessions amounting to a total of ₹1 trillion to stimulate demand in the economy. The savings on tax outgo will take time to accumulate into a meaningful chunk of additional purchasing power in…
DigiDhan Dashboard is a full-featured digital platform launched by the Ministry of Electronics and Information Technology (MeitY), Government of India. It has the function of monitoring, reporting, and analyzing digital payment transactions throughout the nation. The dashboard is a significant component of the overall DigiDhan Mission and a crucial tool in facilitating a cashless economy through real-time insights.
Tax deducted at source (TDS), is a tax collection mechanism utilised by the Government of India for the collection of revenue at the very source of income. TDS is a form of indirect tax that ensures a regular revenue source for the government, advances tax collection, prevents tax evasion, and widens the tax base.
GDP numbers released in the Press Note dated February 28, 2025 (henceforth referred to as ‘the document’) present four sets of data. They pertain to: (a) Quarterly Estimates of GDP for Q3 (October-December) of 2024-25; (b) Advance Estimates of Annual GDP for 2024-25;(c) First Revised Estimates (RE) of GDP and macro aggregates for 2023-24; and (d) Second Revised Estimates or Final Estimates (FE) for 2022-23.