The Central Board of Direct Taxes (CBDT) has significantly ramped up its recovery efforts, collecting ₹20,000 crore in outstanding dues in the first quarter of this fiscal year, nearly double the amount recovered in the same period last year. With…
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Pharma lobby groups are urging for changes to the centralized no-objection certification (NOC) for drug exports due to a significant export decline. The requirement for approvals from importing countries or Indian regulators has increased trade diversions. Industry experts are calling…
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As ICAI moves towards lifting its decades-old ban on advertising by CAs—a development confirmed to ETCFO—a bigger question is surfacing: Does India’s accounting profession need a complete overhaul to build globally competitive homegrown firms? While experts call the branding push…
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The announcement follows a brief extension of the ‘liberation day’ tariffs until August 1. According to Trump, letters have been sent and will continue to be sent, emphasizing that tariffs are due starting August 1, 2025, with no exceptions.
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India and the US are nearing a mini trade deal, aiming to finalize the first phase by September-October with a goal to double bilateral trade to $500 billion by 2030. While sensitive agricultural issues remain, the focus is currently on…
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Donald Trump announced potential 10% tariffs on BRICS nations, including India, accusing the bloc of undermining the US dollar. During a Cabinet meeting, Trump warned that BRICS countries would soon face these additional charges. He asserted that the economic alliance…
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