With the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working on initiating the ‘Mutually Agreed Procedure’ (MAP) — the dispute resolution mechanism under the treaty between Indian and…
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Former finance secretary Subhash Chandra Garg argues that slashing withholding tax won’t stop FPI outflows, citing a lack of profitable investment opportunities and rupee depreciation as primary drivers. He believes tax changes are a “small irritant” compared to negative investment…
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Bank economists have advised the Reserve Bank of India that interest rate increases will be necessary later this financial year. This is to manage the effects of the West Asia conflict and ensure economic stability. Most economists do not expect…
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The rupee is under strong pressure due to rising global crude oil prices driven by Middle East tensions, briefly hitting an all-time low of 96.96 against the US dollar before recovering slightly with central bank support.
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Dalmia Cement (Bharat) Ltd (DCBL), a wholly-owned subsidiary of Dalmia Bharat, has already executed a Business Transfer Agreement (BTA) with Jaiprakash Associates Ltd for the transaction, which is expected to complete within two weeks, a statement said.
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The Middle East conflict is impacting India’s economy. Many Indian workers are returning from Gulf countries. This is reducing jobs and demand for Indian manufactured goods. Industries like leather and garments are affected. This situation creates unemployment and potential social…
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