India staring at widest budget gap since 1987

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THE ECONOMIC TIMESDaily Newsletter Mon, Apr 20, 2020 | 06:10 PM IST

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Top stories of the day India staring at widest budget gap since 1987 Citi says India's budget gap will be about 8% of the GDP, the widest since 1987. ... Pandemic leaves Infy clueless on guidance, Q4 profit rises 6% Biz optimism falls to record low, worse than financial crisis: Report India's taxmen get down to business with new rules India's FDI rules may open new flashpoint with China Paytm, BigBasket run into India's FDI wall Fight to get Vijay Mallya back nears endgame Half of FY20 IPOs hold head above water

Debate This Now debating: Is it time to put a Covid tax on India's super-rich? A similar proposal based on a "Covid bond" is already doing the rounds in pandemic-ravaged Europe. One account estimates that a 4% tax on roughly the 1,000 richest families would fetch Modi a war chest larger than 1% of India's GDP — more than what the rescue package has made provisions for.

SENSEX 31648.00 59.28 NIFTY 50 9261.85 -4.90 USD/INR 76.54 0.17

Top Gainers NSE 7 companies (largecap) appreciated more than 5% Adani Power 12.46% Varun Beverages Ltd. 7.51% More from Gainers Top Losers NSE 9 companies (largecap) price decreased more than -5% Shriram Tran Fin -14.59% Chola Inv Fin -11.81% More from Losers

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