BUSINESS
Slower growth, tax cuts pull down I-T collections till Nov 10 in FY26: Experts
India’s income tax collections' growth is way slower at 8.2% so far, from targeted 21.6%. Experts say a slew of reasons, from I-T cuts announced in Budget to delayed advance tax filings, pulled down the mop-up, but government is optimistic to meet the FY26 Budget target of Rs 14.38 lakh crore.
BUSINESS
Withdrawal of 14 QCOs landmark reform, to enhance EoDB in textiles, plastic and chemical industries: Experts
The move, announced by the Ministry of Chemicals and Fertilizers, aims to ensure raw material availability, ease import constraints, and lower input costs for downstream MSMEs in the packaging, textile, and moulding sectors.
BUSINESS
Bihar Polls 2025: Jobs were at centre of parties' manifestos, but youth may have not considered it a deciding factor
Psephologists say that all studies conducted over elections show that in the past two-and-a-half decades, unemployment figures in the top-three factors, but for voters are not swayed by promises as they look at past undelivered records.
INDIA
410 MoUs involving $120-bn investments likely to be signed in Vizag Summit, says Nara Lokesh
These will be additional announcements, over the $120 billion already made in the last 17 months, Lokesh told reporters ahead of the Summit
BUSINESS
Net direct tax collections till November 10 at Rs 12.92 lakh crore, up 7% YoY
As compared to the corresponding period of last fiscal year, the net direct tax collections were up 7 percent on year. This growth is lower than the projection made in the Budget.
BUSINESS
Arvind Virmani backs public-private partnership, greater CSR spend to improve skilling
Arvind Virmani said skilling is essential to take advantage of its large working population, and hence private sector’s collaboration with government is necessary.
BUSINESS
Supreme Court grants interim stay on Rs 123-crore GST notice to Baazi Games
In its order, released on Monday, the apex court took note of the pending judgement in the Gameskraft case, which is of similar nature, and stayed any further proceedings on Baazi Games by DGGI.
BUSINESS
Security tightened at Parliament, central offices after Red Fort car explosion
At least eight people were killed and several injured after a slow-moving car exploded near the landmark Red Fort in the national capital, earlier today, triggering panic across the city.
BUSINESS
Today AI is a mandatory skill to have, says Tech Mahindra’s Sahil Dhawan
On the likelihood of layoffs at Tech Mahindra, Dhawan denied any direct comment, but said the company is committed ensuring their employees are equipped with the necessary skills for future challenges.
INDIA
Why India lost out to China in the rare-earths race
India has the world's fifth largest rare earth reserves in the world, but accounts for less than one percent of global production. The country's largest rare earth producer IREL, meanwhile, is operating without a full-time CMD for over a year.
BUSINESS
NCLAT ruling quashing CCI’s Meta-WhatsApp data-sharing ban ‘landmark’, asserts competition watchdog's jurisdiction in data-related conduct
The NCLAT ruling has also said that anti-trust enforcement must rest on robust economic evidence, otherwise penalties would be struck down. Experts have now called for the need to harmonise competition and data protection laws to avoid fragmented policy framework.
BUSINESS
Homebuyers to gain from IBBI’s new rules on assets attached by ED, say experts
In real estate transactions, where ED attachments are routine, the move will bring clarity and stuck projects may find a viable and clearer resolution, experts say
BUSINESS
India-UK FTA vital for investor stability in a volatile time for global trade, says former UK minister Grimstone
India should develop a system where a small team of officials takes policy decisions, as it will fast-rack policymaking and boost investor confidence, Gerry Grimstone has said
WORLD
Mansukh Mandaviya rebuts Pakistan on IWT and Kashmir at Doha Summit, showcases India’s social security triumph
Mandaviya’s sharp response came a day after Pakistan’s President Asif Ali Zardari claimed that his country faced “a new threat in the form of weaponisation of water.”
INDIA
India a key strategic partner like China, keen on FTA soon: Bahrain minister
According to senior government officials in Bahrain, the two sides can conclude an FTA, or a bilateral treaty in next two years
BUSINESS
Epsilon Carbon inks Alba deal, boosts global expansion; aims for IPO in 2027
'Looking at the scale of our expansion, we are hoping to go public by 2027-end,' Vikram Handa, MD, Epsilon Carbon told Moneycontrol
BUSINESS
GST cuts fuel consumer durables output to 10-month high in Sep, but some economists warn it could be temporary
Urban growth had been slowing over the last one year and this (GST cuts) provided a necessary boost, say economists. From the rural side too, there is a positive momentum from high frequency indicators led by positive crop outcomes, they said.
BUSINESS
Bihar has not really progressed as would be desirable by industries, says former chief secy Sharan
Over the years, however, the State has undertaken many systemic, technology-driven governance reforms that are reshaping how businesses start, operate, and expand, industry stakeholders said.
BUSINESS
India Web 3.O Summit: No one has challenged credibility, robustness of monthly jobs data, says statistics secretary Saurabh Garg
'The sample sizes that we do, no one is close to that,' said Garg, adding that the ministry is very careful of the definitions and what they are stating
BUSINESS
India Web 3.0 Summit: New GDP data to capture latest trends of consumption, says statistics secretary Saurabh Garg
'We’re incorporating new data sources (for GDP calculation). For each sector, we’re looking at what new data sources have come up,' said Garg
BUSINESS
India Web 3.0 Summit: MoSPI doesn’t collect data through paper and pens, all data is stored in a cloud, says Statistics Secretary Saurabh Garg
He mentioned that the ministry is further expanding languages for data collection, from Hindi and English, in use currently.
BUSINESS
EPFO may hike wage ceiling to Rs 25,000 per month from Rs 15,000
"As per an internal assessment of the labour ministry, the Rs 10,000 per month increase in the wage ceiling would make social security benefits mandatory for over 10 million more individuals," an official told Moneycontrol.
BUSINESS
No government directive on Russian oil; refiners weigh costs, alternatives independently, sources say
For state-run refiners, the new sanctions are likely to have a limited impact since they do not have long-term supply contracts with the Russian firms targeted by the latest curbs.
BUSINESS
Centre's capex-loan scheme for states sees slow disbursal at Rs 47,000 crore so far
For FY27, the government would continue the scheme, likely with a similar estimate, which will be mentioned in the upcoming Budget, according to sources.
