JOIN USDH Evening Brief: October 12, 2021
Expert panel recommends Covaxin for 2-18 age group
An expert panel of India's Central Drug Authority has recommended granting emergency use authorisation to Bharat Biotech's Covaxin for children in the 2 to 18 years age group with certain conditions, sources said on Tuesday. Read more
Indian economy to grow at 9.5% this year, 8.5% in 2022: IMF
India's economy, which contracted by 7.3 per cent due to the Covid-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to the latest projections released by the International Monetary Fund on Tuesday. Read more
Centre mulls higher, fewer rate slabs to simplify GST structure
India may look at increasing tax on some goods and services in a step toward moving to a simpler structure with fewer rates, according to people familiar with the matter. Read more
I-T Department detects Rs 750 crore undisclosed income after raids on Bengaluru contractors
The Income Tax Department has detected undisclosed income of about Rs 750 crore after it raided three major Bengaluru-based contractors engaged in the execution of irrigation and highway projects, the CBDT said on Tuesday. Read more
India's retail inflation eases to 4.35% in Sept
Retailinflationdeclined to 4.35 per cent in September, mainly due to lower food prices, according to government data released on Tuesday. Read more