There have been some points of good news for the Indian macro-economy in recent days, suggesting that the impact of the second wave of the pandemic on economic output and activity has not been as great as was initially feared. One important data point is the figure for the advance collection of personal income tax and corporation tax in the first quarter of the current fiscal year. Compared to the equivalent quarter of the previous year, advance tax collection grew almost 150 per cent. But it might be premature to give in to optimism. The pandemic is far from over, and multiple threats remain to growth and price stability, notes our lead editorial
. Read here
India’s endorsement of the G7's Open Societies Statement will give the outside world a larger say in human rights
violations in the country, writes Aakar Patel
The pathetic state of India’s news media – particularly news TV – leaves it at the mercy of international media and a few Indian brands (online or in print) that have the courage, expertise and the money to cover a story like the pandemic, writes Vanita Kohli-Khandekar
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.