Nitin Gupta assumes charge as NFRA Chairperson; 3 full-time members appointed
Gupta has served as the Chairman of Central Board of Direct Taxes (CBDT) from June 2022 to June 2024.
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FM Nirmala Sitharaman tells I-T Dept to fast-track disputes, drop small appeals
While FM Nirmala Sitharaman lauded the CBDT’s efforts in redrafting the new Income Tax Bill, she stressed that good policies alone are not enough – timely execution and grievance redressal must follow. This includes faster processing of refunds and prompt…
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Credit costs, gross NPA ratio of affordable housing financiers seen going up
A recent report forecasts a rise in credit costs and gross non-performing assets for affordable housing finance companies due to weaker borrower profiles, particularly among the self-employed. While policy initiatives may offer some support, asset under management growth is expected…
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India’s concert economy to create 1.2 cr temporary jobs by 2030-2032, says NLB Services
India’s live event economy is booming. It is set to create 12 million temporary jobs by 2030-2032. Over 100 large concerts are expected annually. Tier II and III cities are becoming new hotspots. Each concert creates thousands of short-term jobs.…
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Ajay Seth appointed as IRDAI Chairperson
Seth has previously held key positions, including concurrent roles at the Finance Ministry as Revenue Secretary and Secretary of the Department of Economic Affairs. He will head the IRDAI till 2028 for a term of three years.
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Landmark India-UK FTA signed; to boost annual trade by $34 billion
In a historic moment for the India-UK trade and economic ties, Prime Minister Narendra Modi and his British counterpart Keir Starmer on Thursday signed the much-awaited Free Trade Agreement (FTA), which will boost annual bilateral trade by about $34 billion.
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