In a significant development, Finance Minister Nirmala Sitharaman revealed that the recent adjustments to the Goods and Services Tax rates have effectively addressed the inverted duty challenges faced by various sectors. She reassured businesses that any further issues they identify…
Read More
Income tax refunds are significantly delayed this assessment year, with processing times extended even for routine cases. Official data shows a substantial drop in refund outgo compared to last year, attributed to late form releases, increased verification, and processing constraints.…
Read More
India’s government is set to achieve its fiscal deficit and capital expenditure goals. Strong non-tax revenues and early spending are supporting this. Nominal GDP growth may be slightly lower than predicted. Private investment is still cautious due to global and…
Read More
Russia’s State Duma has ratified a major military logistics pact with India, the Reciprocal Exchange of Logistic Support (RELOS). This agreement allows both nations’ military forces to utilize each other’s facilities for joint exercises, humanitarian operations, and disaster relief, strengthening…
Read More
The Indian Rupee is nearing 90 against the US Dollar. Foreign investors are selling Indian stocks, impacting market performance. Domestic investors are buying, but foreign selling is currently dominant. This situation calls for Indian businesses to adapt. Export-oriented sectors may…
Read More
Reliance Industries has appointed Jeyandran Venugopal as the new president and chief executive officer of Reliance Retail Ventures Ltd. This is a newly created role. Venugopal joins from Flipkart. He will work with Isha Ambani and the leadership team to…
Read More