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Showing posts with the label lockdown

Retail trade loss during lockdown in 60 days

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My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Retail trade lost Rs. 9 lakh crore of business in 60 days: CAIT NEW DELHI  : India's retail trade lost business of around Rs.9 lakh crore during the past 60 days of the nationwide lockdown, the Confederation of All India Traders (CAIT) said.         In a statement, the traders' body also said that in the past week since the restrictions were eased on Monday, only about 5 per cent of the business could take place and 8 per cent of the workforces were able to resume.         It further said that the loss of business also resulted in a revenue loss of about Rs. 1.5 lakh crore to both Central and state governments on account of GST. "The traders across the country are facing acute financial crunch and in absence of any policy support. It further said that the loss of business also resulted in a revenue loss f about Rs.1.5 lakh cro

Retail inflation fell in march

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My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Retail inflation fell in march as compared to four-months         India’s retail inflation is expected to have dropped to a four-month low in March 2020 on softer food and fuel prices and as already slowing demand likely plummeted due to a lockdown towards the end of the month, a Reuters poll found. Price pressures will probably ease further this month as economic activity ground to a halt after imposing a 21-day lockdown from March 25 in an attempt to curb the spreading of the corona virus COVID-19.         Inflation will continue to edge lower. Perhaps, at a faster rate than we had earlier expected. Inflation is likely to have eased to 5.93% last month from 6.58% in February 2020. If realized, it would be the lowest since November 2019, but still closer to the higher end.          In future, Economic experts expect that, there can be continu