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Rs 29,088 cr indirect tax evasion detected during April-October

The investigation arm of the Finance Ministry has detected tax evasion worth Rs 29,088 crore in 1,835 cases during April-October period of the current financial year, a senior official said on Wednesday. Of this, the Directorate General of GST Intelligence (DGGI), which is enforcement agency for checking indirect...
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US security and economy ‘undoubtedly put at risk’ by China

WASHINGTON — China’s hegemonic ambitions pose certain risk to U.S. security and economic interests, a bipartisan congressional panel said in a report released on Wednesday. The 2018 report by the U.S.-China Economic and Security Review Commission criticizes Beijing’s attempt to turn Asian seaports into military supply bases. It...
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Why Italy’s economy is stagnating

Why is Italy’s economy so sickly and has the country’s new government found the cure for its economic ills? As Rome locks horns with Brussels over a draft Italian budget that the European Commission has rejected for breaching EU rules, the Financial Times has consulted leading economists, academics...
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Robert J. Samuelson: It’s no longer about the economy

One lesson of the midterm elections is that economic growth is losing its power to unite the country and to reduce explosive conflicts over race, religion, ethnicity, immigrant status and sexuality. This is unfamiliar. Economic progress has been a routine part of our election narratives. The presumption is...
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The smoke signals about the economy could be misleading

  At first blush, the economy appears to be turning around the corner. Government debt is under control.  Yields are coming down, signaling more confidence in government debt instruments.  They seem to suggest that the risk in government debt is reducing. As a CARE report states, the Central...
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Indian norms on PCA, capital are conservative, rule-based

Indian regulations on capital requirements, provisioning for sour assets and prompt corrective action (PCA) restricting regular activities by lenders are conservative and rule-based, SBI’s research wing has said in a report. It did not call for any relook in the report which comes amid a heated debate between...
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