Search result for 'tax-to-gdp'

India's elevated public debt needs to be moderated for rating upgrade, says DEA Secretary Ajay Seth. He highlights the impact on interest outgo and India's resilience.

The IMF has proposed a tax target of over Rs 15 trillion for Pakistan in the next budget, aiming to increase the tax-to-GDP ratio to 13%. The decision comes after the IMF urged Pakistan to refrain...

An IMF mission has begun a review of Pakistan's USD 7 billion loan, with the government optimistic about securing a USD 1.1 billion tranche.

EY report highlights the need for India to maintain tax buoyancy in the range of 1.2-1.5 to achieve 6.5-7% growth and increase tax-to-GDP ratio to 14% by FY31.

The Institute of Chartered Accountants of India (ICAI) inaugurated its third Centre of Excellence in Kolkata, aiming to establish eight more in the next three years and make India a hub for global...

India's direct tax collections have skyrocketed by 182% in the last 10 years, reaching over Rs 19.60 lakh crore in FY24. Corporate tax collections more than doubled, while personal income tax grew...

Pakistan faces a severe financial crisis, fueled by skyrocketing debts, unsustainable pensions, and a failing power sector. Economist Atif Mian warns of a bleak future unless corrective action is...

Pakistan's Finance Minister calls on traders to pay taxes to stabilize the economy, urging them to contribute to revenue collection. He highlights the need to increase the tax-to-GDP ratio for...

India's Income Tax Department has processed nearly 4 crore ITRs for Assessment Year 2024-25 in just 15 days. Learn about the progress and impact of digitization in tax processing.

Pakistan's finance minister acknowledges public stress over new taxes imposed in the budget, promising relief to salaried individuals. The budget aims to reduce inflation and increase tax revenue.

Pakistan's Finance Minister expects an IMF loan agreement in July to address the country's economic woes. The budget includes measures to meet IMF demands, including tax increases.

A UNESCAP report projects Pakistan's tax gap to widen to over 12% of GDP. The report also forecasts GDP growth and inflation for the fiscal year.

The Institute of Chartered Accountants of India (ICAI) plans to open 11 Centres of Excellence across India in the next two years, with the Kolkata chapter launching by December 2024.

ICAI President highlights the role of AI in assisting chartered accountants, freeing up time for analytical work and increasing demand for the profession.

Former NITI Aayog VC Rajiv Kumar emphasizes the need for continued government capex in the interim budget, citing weak private investment and infrastructure deficit as key concerns.

India's income tax filers have more than doubled in the past decade, reaching 7.78 crore in FY23. Direct tax collections also saw a significant increase, reaching Rs 16.63 lakh crore.

Bangladesh's economy faces a fragile future as Sheikh Hasina secures a fourth term, raising concerns about debt, sanctions, and political instability.