Indias net direct tax collections have seen a significant increase of 13.2%, reaching ₹13.38 trillion for the current fiscal year. This growth has been largely attributed to a robust performance in corporate tax revenues, which have played a crucial role
The International Monetary Fund (IMF) has expressed its support for Indias revised methodology for calculating Gross Domestic Product (GDP), describing the update as a “welcome development.” This endorsement comes as India continues to refine its economic metrics to better reflect
Analysts suggest that India may need to consider increasing interest rates and providing tax relief to alleviate the mounting pressure on the Indian rupee. The currency has faced significant challenges recently, leading to concerns about its stability and overall economic
The Indian government is anticipating a potential decline in dividends from public sector oil companies (PSUs) for the current fiscal year. This expectation arises from a combination of factors, including fluctuating global oil prices and the financial performance of these
Indias merchandise exports experienced a significant increase of 23% in September, reaching a total of $44.4 billion. This surge in exports is a positive indicator for the countrys economy, reflecting robust demand for Indian goods in international markets. The growth
Indian Finance Minister Nirmala Sitharaman met with UK Chancellor Jeremy Hunt in Bangkok to discuss enhancing economic cooperation between India and the United Kingdom. The meeting took place on the sidelines of the annual meeting of the International Monetary Fund
Prem Watsa, a prominent investor and the founder of Fairfax Financial Holdings, has emphasized the growing importance of data centers and artificial intelligence (AI) in the United States, suggesting that India is poised to become a significant player in these
Indian Finance Minister Nirmala Sitharaman met with her UK counterpart, Jeremy Hunt, in Bangkok to discuss strengthening economic relations between India and the United Kingdom. The meeting took place on the sidelines of the G20 Finance Ministers and Central Bank
The Central Board of Direct Taxes (CBDT) has reached out to approximately 12,000 tax professionals, urging them to complete and submit their pending audit reports. This initiative is part of the CBDTs ongoing efforts to streamline the tax audit process
Fairfax Financial Holdings has announced plans to merge IDBI Bank, Digit Insurance, and IIFL Capital into a single entity. This strategic move aims to streamline operations and enhance the overall efficiency of the businesses involved. The merger is expected to
