French economist Thomas Piketty advocated for a global wealth tax to fund climate reparations, especially for countries like India significantly impacted by climate change. He urged India to lead this effort and address inequality through progressive taxation and policy changes,…
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The Goods and Services Tax (GST) collections have gone up by 9.3 per cent so far in the current fiscal 2024-25 to Rs 14.56 lakh crore. In the April-November period of last year, the tax mop-up was Rs 13.32 lakh…
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Outlining the priorities of the economy for the next decade, Sitharaman said the industry should work with small and medium enterprises to explore how they can support large units, while equally contributing to job creation.
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India’s urban middle class is curbing spending due to job scarcity and inflation, impacting the consumer goods sector. While rural demand holds strong, it’s unlikely to fully offset the urban decline without policy intervention. FMCG companies face margin pressures, and…
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Kumar Mangalam Birla encouraged Indian businesses to boost investment. The government has significantly increased its capital expenditure. Birla’s group and other companies have started large capacity expansions. He emphasized the role of businesses in driving economic growth. Birla suggested India…
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Four employees of a prominent solicitor firm, including the CFO and Head Accountant, were arrested in Mumbai for allegedly embezzling ₹49.7 lakh, potentially exceeding ₹3-4 crore, through bogus invoices and fraudulent bills since 2020. Police are investigating the use of…
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