A vegetable seller in Karnataka received a hefty GST notice of Rs 29 lakh, despite dealing primarily in fresh, untaxed produce. This has fueled a shift back to cash transactions among small vendors in Bengaluru, fearing increased scrutiny from the…
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A parliamentary panel has suggested key changes to the Income-Tax Bill 2025, focusing on clarity and alignment with existing laws. The recommendations include easing refund rules for small taxpayers, modifying property deduction calculations, and clarifying definitions for non-profits. These changes…
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Avenue Supermarts experiences a revenue increase of 16% in Q1 FY26. The DMart retail chain now has 424 stores. DMart’s online grocery unit saw sales expand by 21% in FY25. However, losses widened as it ventured into new areas. Anshul…
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A Crisil report on Monday projected India’s gross domestic product (GDP) to grow at 6.5 per cent this fiscal (FY26), supported by improving domestic consumption, among other positive indicators.
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India is considering backing Chinese investments in the electronics sector. This support hinges on joint ventures with Indian firms. Technology transfer is a key requirement, not just assembly units. The move aims to boost local manufacturing and value addition.
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India faces the critical challenge of leveraging its demographic advantage to achieve economic prosperity. The government’s employment incentives are insufficient to address the core issue: a lack of skilled workers. Addressing the skills gap through education reform, vocational training, and…
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