India performs miserably in war on inequality The report said that if India were to reduce its inequality by a third, 170 million people could be raised out of poverty.

Flat income tax system undesirable: Industry, trade officials The new law is to replace the existing Income Tax Act, 1961.

Women hiring to dip over maternity leave may cause 1.2 crore job loss in FY19 In the midst of several divergent voices on the Act, a study by TeamLease presents stark statistics that provide a rather grim view on women’s hiring in the short term after the Act.Vedanta posts 2% rise in Q1 profit, misses estimates Net profit increased by 2% at Rs 1,533 crore, missing Bloomberg estimates of Rs 2,374 crore.One way to do this is by inflation-indexing the tax brackets. View: India can make its tax system more progressive by avoiding 'bracket creep' It’s time to make tax system more responsive.Predictable, progressive taxes key to make India global gaming hub: Experts As per estimates, the Online Skill-Based Gaming, is about $2.5 billion industry with a CAGR of over 38 per cent and is projected to grow to $20 billion by 2030 in terms of revenue.

Budget 2023 should rationalise, standardise capital gains tax, and re-index its long-term benefits Rationalising and standardising tax rules for capital gains by streamlining the holding period, unifying tax rates across various asset classes, and re-indexing the assessment of long-term capital gains would supplement the government’s other taxpayer-friendly initiatives and improve compliance further.

Flat tax definition economics