Union Budget 2024: Streamline direct tax rules for firms, start-ups to make India a $5 trillion economy
The two-phased budgetary process this election year should allow for deeper tax policy deliberations aimed at incentivising manufacturing, infrastructure, clean energy and digital economy.
India's goods trade gap narrowed to $19.8 billion in Dec, exports growth turns positive
Commerce Secretary Sunil Barthwal said, "India is beating the global trends in trade. And we expect higher volumes of exports in the last quarter of the current fiscal."
A big capital goods revival? Not according to the IIP
The IIP data show there has been a slight decrease in capital goods production compared to five years ago
WEF report — Can global risks clear this year’s poll-vault events?
Misinformation and disinformation can affect election outcomes in the US and India in 2024 and remain principal risks to a stable global order along with climate and economic challenges
Budget 2024: How Indian Railways smartly improved passenger revenues
Budget 2024: Revenues from passenger services exceeded pre-COVID levels despite a gradual recovery in rail passenger volumes
GST intelligence unit detected over Rs 1.98 lakh crore worth tax evasion cases in 2023
This is a significant improvement as compared to 2022 wherein 4,273 cases were detected, amounting to duty of Rs 90,499 crore, and voluntary payment of Rs 22,459 crore and 97 arrests were made.
India-US TPF must take steps that yield quick results
With the two-way goods trade on a downward trajectory, USTR Katherine Tai and commerce minister Piyush Goyal should focus on steps to reverse the trend
Jyoti CNC Automation IPO: Is it too costly for the promises?
With technological excellence, vertical integration, and a commitment to precision and customisation, Jyoti CNC Automation is driving innovation in CNC machines
Dollar edges lower, traders focus on data for Fed clues
Fed funds futures traders are pricing in Fed rate cuts beginning in March, though the odds of a move that soon have fallen.
Gold drops 1% to 3-week low as early Fed rate cut hopes fade
The dollar index, which measures the greenback against a basket of other major currencies, was steady after posting its best week since July 2023, with data on Friday showing firms in the U.S. employed more people than expected in December.
RBI revises definition of politically-exposed persons for KYC purpose
Certain changes have been made in the RBI's Know Your Customer (KYC) norms.
Ujjivan SFB – Is there headroom for more gains?
Performance preview indicates benign asset quality and a higher share of secured loans
Can Panagariya rekindle the spirit of cooperative federalism?
As the chairman of the 16th Finance Commission, the former vice-chairman of NITI Aayog will have to ensure a balanced distribution of financial resources between the Centre and the states
LIC gets GST demand notice of Rs 116 crore
The demand for Telangana came a day after LIC on Monday received a similar notice demanding about Rs 806 crore for short payment of GST for 2017-18 along with interest and penalty for Maharashtra.
Commerce ministry releases SOP for making changes or cancellation of industrial entrepreneur memorandum
For cancellation of IEM acknowledgements, it said that the concerned firm has to give a request letter on the company’s letterhead signed by an authorised officer giving specific reasons for cancellation, along with a copy of the original IEM.
Dollar set for biggest daily jump since October as U.S. yields rebound
Markets are now pricing in an 82% chance of interest rate cuts from the Fed to start from March, according to CME FedWatch tool, with over 150 basis points (bps) of easing anticipated this year.
Healthcare regulation — What should be the watchdog’s mandate?
The proposed health regulator will have to balance quality, affordability, and profitability in a public-private medical delivery system in India
Year Ender 2023: J&K witnesses ‘record-breaking industrial, investments developments’ this year
While J&K recorded a highest ever industrial investment worth Rs 3,905.45, within a span of just 18 months, and project plans include a mega mall, 'Mall of Srinagar', but contrary to the government claims, Mir Shahid Kamli, president of Federation Chamber of Industries Kashmir, says there is no visible growth of industries on ground in Kashmir.
Investments worth Rs 25,813 cr made under pharma PLI as of Sep: Govt
In its year-end review, the Department of Pharmaceuticals (DoP) also said the 'Pradhan Mantri Bhartiya Janaushadhi Pariyojana' achieved its target of opening 10,000 retail outlets in 2023 to provide quality generic medicines at affordable prices to the poor and underprivileged.
CBDT clarifies on applicability of TDS liability for e-retailers on ONDC
As per the FAQ issued by the Central Board of Direct Taxes (CBDT) on December 28, a 1 percent TDS will have to be deducted from the gross sale amount after including convenience/packaging/shipping fees as charged by e-commerce trading platforms for the order placed on ONDC.
Chart of the Day: Equity ownership goes up to record levels in India
The ownership share of domestic investors in equity markets rose to 36 percent from 25 percent in 2018.
Japan's core inflation slows in November, eases pressure on BOJ
The core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 2.5% in November from a year earlier, matching market forecasts and slowing from a 2.9% gain in October. It was the slowest pace of rise since a 2.4% growth marked in July 2022.
Light at the end of this tunnel — A case for optimism in startup ecosystem
As an ecosystem we have been adept at celebrating success stories but we are also learning to respect failure and the effort behind startup journeys which is the real crucible for long term sustainable growth
Twin chargers that can rev up EV journey
Facilitating Tesla’s entry and extending current incentives to the industry can provide a big push to electric mobility in India
