Baijayant Panda, chairperson of the parliamentary select committee, stated that the new income-tax bill simplifies the tax code and reduces ambiguities for taxpayers. The committee suggested around 285 changes, including reinstating a provision on inter-corporate dividends.
Read More
India’s total gross direct tax collections (before adjusting for refunds) have more than doubled in the last five years, reflecting the high economic growth and improved tax compliance in the country, which has been encouraged with the introduction of the…
Read More
The Finance Ministry has clarified that there are no plans to impose GST on UPI transactions exceeding Rs 2000. Pankaj Chaudhary, Finance Minister of State, informed the Rajya Sabha about this decision. The GST Council has not recommended any such…
Read More
BYD faces hurdles in India due to strained political ties. Visa issues force executives to meet abroad. Despite this, BYD cars are popular. India rejects BYD’s investment plan. This impacts tariff benefits. Tesla expands in India. BYD relies on its…
Read More
The Reserve Bank of India announced the appointment of Anuradha Thakur, the Economic Affairs Secretary, to its central board, succeeding Ajay Seth, who retired on June 30. Thakur, a 1994-batch IAS officer, assumed her role in the Department of Economic…
Read More
The ₹22,919 crore scheme aims to create a strong domestic manufacturing ecosystem for a range of components that are fundamental building blocks in nearly all modern electronic devices.
Read More