Award-winning Financial Journalist

Ashish Saxena

Thematic (Sector/Industry)

India Financials / Thematic (Sector/Industry)

India's economics will never be like before if a recent stunning disclosure by the country's tax department is to be believed.<div style="text-align: justify;" class="content-highlight">In response to a Right to Information (RTI) appeal filed by an Indian Revenue Service veteran <a href="http://www.thequint.com/india/2016/03/19/even-as-farmers-die-trillions-laundered-as-agricultural-income" target="_blank">Vijay Sharma</a> in May last year, the Central Board of Direct Taxes (CBDT) has revealed that a relatively small group of Indians declared 'Agriculture Income' of almost USD 44.5 trillion between 2010 and 2012.</div>That's right, USD 44.5 trillion! That's more than the combined nominal GDP…

India's economics will never be like before if a recent stunning disclosure by the country's tax department is to be believed.In response to a Right to Information (RTI) appeal filed by an Indian Revenue Service veteran Vijay Sharma in May last year, the Central Board of Direct Taxes (CBDT) has revealed that a relatively small group of Indians declared 'Agriculture Income' of almost USD 44.5 trillion between 2010 and 2012.That's right, USD 44.5 trillion! That's more than the combined nominal GDP…

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ICICI Prudential Life Insurance (IPRU IN)

India's USD 44.5 Trillion 'Agriculture Income' Puzzle: What It Means For The Economy