The IMF urges India to implement structural reforms for economic growth, focusing on human capital and female labor participation. Reclassifying India’s exchange rate as ‘crawl-like,’ the fund anticipates robust GDP growth despite US tariffs, projecting inflation to decline. Sound fiscal…
Read More
The court has said that such action of the authorities amount to announcing an “economic death” of a business entity as the cancellation orders passed in such a casual manner inflict disproportionate hardship on traders and disrupt legitimate business activity.
Read More
The Enforcement Directorate has arrested WinZO Games founders Saumya Singh Rathore and Paavan Nanda under PMLA. The agency froze ₹505 crore in proceeds of crime after searches, alleging WinZO used a concealed algorithm (‘PPP’) to generate automated gameplay, leading to…
Read More
In a notice to the stock exchanges, Paytm said it received the certificate of authorisation from the RBI on November 26 to operate as a payment aggregator. The licence further strengthens Paytm’s position as an online merchant payment processor. In…
Read More
The ITAT Ahmedabad has cleared Mr. Sanghvi from tax penalty by declaring it null and void. The penalty was based on allegations of misreporting income due to a mishap with his Section 54F capital gains tax exemption claim. However, the…
Read More
Britain’s Labour administration has rolled out a new budget, surprising many with tax increases. Aimed at shrinking the national debt and bolstering public services, this budget reflects the government’s response to projected sluggish economic growth ahead. Tax hikes will target…
Read More