The industry body cited that broad-based policy measures undertaken by the Centre during the last 11 months enhanced the economic activity at significantly higher levels.As p
Covid 19 coronavirus: Economy Hub: Reserve Bank looking through lockdown
3 Mar, 2021 04:32 AM
4 minutes to read
The latest Auckland lockdown shouldn t require the Reserve Bank to revise its economic outlook as long as it is not prolonged, says the bank s chief economist Yuong Ha. Speaking on The Economy Hub video show, Ha said the current lockdown was within the range of scenarios that the Reserve Bank had modelled and while it was causing significant pain it wouldn t shift its most recent forecasts. We do broad scenarios, so we have working assumptions to the different alert levels and what they might [mean] for spending and unemployment.
Ranchi: Jharkhand’s economy is likely to shrink by 6.9% in the current fiscal but is expected to recover in the new financial year (FY) and expected to grow by 9.5%, the Jharkhand Economic Survey 2020-21 has projected.
The 432-page survey report, prepared by the state government’s Centre for Fiscal Studies (under the department of planning cum finance), was tabled in the assembly by finance minister Rameshwar Oraon on Tuesday.
The report said Jharkhand s real gross state domestic product (GSDP) was battered by the Covid-19 pandemic and is expected to contract by 6.9% from the 2019-20 FY. GSDP is the sum total of value added by different economic sectors (agriculture, industry & services) produced within the boundaries of the state calculated without duplication during a year. It is one of the measures of economic growth for a state s economy.
Besides, analysts cited healthy FIIs inflows as a reason for the rise. They invested Rs 2,088.70 crore in BSE, NSE & MSEI in the capital market segment.Amon
Singapore Explains Changes To 2021 Tax Filing Rules
Singapore Explains Changes To 2021 Tax Filing Rules
by Mary Swire, Tax-News.com, Hong Kong
03 March 2021
The Inland Revenue Authority of Singapore (IRAS) has said that it will be sending tax bills directly to certain taxpayers this tax filing season and will be simplifying filing arrangements for the self-employed.
IRAS is introducing a Direct Notice of Assessment (D-NOA) initiative for taxpayers on the No-Filing Service (NFS), which will mean that they receive their tax bills directly from May 2021. IRAS said that this is possible as more information is automatically included and tax reliefs can be pre-filled for taxpayers. Taxpayers can still object to the assessment if they wish to make changes to their reported income and relief claims.