Canara Bank has temporarily moved its India based officers (IBOs) from its Dubai branch back to India amid ongoing regional tensions in West Asia, with the lender planning to review the situation again within 10 days in consultation with an…
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Large industries can be allowed to take up to 25% apprentices provided they have reached the 15% limit in the last three years, will pay at least 30% above the minimum rate that is mandated and should employ at least…
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Central Bureau of Investigation officials searched the home of Grace Thomas, a director at Reliance Communications. The operation focused on her past role at Reliance Telecom Limited. CBI seized personal details, a forensic audit report, and accounts records. Reliance Communications…
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The Supreme Court has once again dismissed the income tax department’s review petitions concerning the taxation of software payments to non-residents. The court reiterated its March 2021 ruling that such payments are not royalty, as end-user licenses do not transfer…
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India has updated its rules for sharing tax information with other countries. New rules make foreign tax requests high priority, requiring information within 15 days. This aims to speed up cases and stop tax evasion. India will also track its…
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India’s economic growth is set to slow in the upcoming fiscal year. This slowdown is attributed to the diminishing impact of recent tax cuts and escalating crude oil prices. These factors will affect consumption, investment, and inflation. The economy faces…
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