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Number of direct taxpayers may double to 76 mn in PM Modi’s regime: FM

“Four years ago, when we assumed office the total number of people who filed tax returns in India was 38 million. It’s already 68.6 million last year, which is the fourth year. At the end of fifth year, I do hope it will be something close to 76 million or 75 million, which means that in five years we would have doubled the number of people filing tax returns in India,” he added.

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Bad omen for the economy: Demand in India is cooling, shows RBI survey

The capacity utilization rate, consumer confidence, and the outlook for demand in the manufacturing sector in the third quarter were less optimistic, the results of separate surveys released by the Reserve Bank of India show. That bodes ill for an economy already grappling with a weak rupee and elevated prices of crude oil — the nation’s top import

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