India’s foreign exchange reserves experienced a decrease of $6.4 billion, settling at $675.65 billion by November 8th. The decline was primarily attributed to a drop in Foreign Currency Assets, while gold reserves saw an increase. Despite this dip, India maintains…
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Moody’s said India’s economy is growing robustly and has the potential to sustain high growth rates as strong private sector financial health reinforces a virtuous economic cycle.
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Canara Bank claims that reasons for classifying the accounts as fraud were non-utilization of funds as per sanctioned terms and inter-company transactions to pay other debts. “Loans availed were also invested in mutual funds and fixed assets and the same…
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Goods and services tax (GST): Registered taxpayers won’t be able to claim any pending input tax credit if they don’t file their GST return by November 30, 2024 for FY 2024-25. CBIC said, “The taxpayer is allowed to claim pending…
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Walt Disney reported a $1.5 billion impairment charge related to its Star India transaction, reflecting a fair value adjustment. The charge includes $800 million in cumulative foreign currency translation losses. Disney completed the merger of Star India with Reliance Industries’…
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Anura Kumara Dissanayake’s party secured a majority in the Sri Lankan Parliament, bolstering his reform agenda for economic revival and stronger ties with India. Dissanayake met with the Indian envoy, reaffirming their commitment to strengthening bilateral ties. India’s support is…
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