“Any taxes are non-discriminatory by design and apply equally to all large companies, regardless of their origin”, a spokesperson said, adding that the bloc would respond swiftly to unjustified unilateral measures, but remained open to a global solution in line…
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India’s Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharing, and simplified processes to cut compliance costs, expedite refunds, and enhance enforcement, especially for MSMEs. This reform has…
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The Reserve Bank of India’s recent measures to boost dollar inflows are a temporary fix, economists warn. While these steps aim to stabilize the rupee now, the country must strengthen its balance of payments over the next three to five…
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The RBI has proposed widening participation in India’s term money market by allowing eligible NBFCs, mortgage lenders, companies and financial institutions to lend and borrow short-term funds. The move aims to deepen money markets, improve liquidity access and broaden participation,…
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The index, proposed by the ministry of statistics and programme implementation (MoSPI), will provide insights into the health of the large yet often difficult-to-measure informal sector.
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India is pioneering a unique mobility transition, blending electric vehicles with ethanol-powered engines, unlike China and Europe’s EV-centric approach. The government’s push for higher ethanol blends like E85 aims to decarbonize transport while extending the life of internal combustion engines.…
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