Compensation cess causes jump in tax administration expenditure

Compensation cess causes jump in tax administration expenditure The expenditure on tax administration saw a huge jump to Rs. 777.5 billion in the FY18 Revised Estimates (RE) from just Rs. 126.9 billion in the Budget Estimatge (BE) of that year. Further, it is projected to reach Rs. 1 Trillion in the FY 19 BE. This […]

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Trai asks DoT to review licence, spectrum fees levied on telecom firm

Trai asks DoT to review licence, spectrum fees levied on telecom firm Trai also asks the telecom department to quickly resolve issues related to gross revenue and adjusted gross revenue (AGR) which are being litigated in various forum The Telecom Regulatory Authority of India (Trai) has asked the department of telecommunications (DoT) to review the […]

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RBI once again cancels Rs 110 bn-worth bond auction as yields shoot up

RBI once again cancels Rs 110 bn-worth bond auction as yields shoot up This is the third time since December 29 that the central bank has cancelled, either fully or partly, an auction The Reserve Bank of India (RBI) on Friday once again cancelled its scheduled auction of dated securities, signalling its discomfort with yields. […]

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Fiscal deficit target revised to boost spending in 2018-19

Fiscal deficit target revised to boost spending in 2018-19 However, the more worrying aspect is that the government’s revenue deficit shot up to 2.6% of GDP in 2017-18 from the budget estimate of 1.9% of GDP, showing signs of the deteriorating quality of fiscal consolidationFinance minister Arun Jaitley has set the fiscal deficit target for […]

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