Oil and gas stocks may see movement. Crude oil prices increased after U.S. airstrikes on Iranian nuclear sites. Brent and WTI crude both rose sharply. This followed President Trump’s announcement of strikes with Israeli forces. Concerns are rising about Middle…
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India must move beyond regulatory tweaks to a comprehensive reform agenda. Dr. (CA) Ashok Haldia, former Secretary of ICAI, outlines how Indian accounting firms can become global players—through funding, capacity building, and policy parity—just as Indian start-ups have achieved international…
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Global professional services firms are resisting ICAI’s draft guidelines for overseas networks, citing excessive disclosure requirements and ambiguous terminology. These firms express concerns about confidentiality breaches and increased operational complexity. The proposed rules could hinder global accounting firms’ operations in…
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India’s aviation sector anticipates continued growth in FY2026, with domestic air passenger traffic projected to rise by 7–10%, reaching 175-181 million. Despite this surge and a 16.8% recovery above pre-pandemic levels, the industry is expected to face net losses of…
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New Delhi, June 20 (IANS) The Central Board of Direct Taxes on Friday said that it regularly receives detailed financial data under global tax cooperation frameworks, including the Automatic Exchange of Information (AEOI) with over 100 jurisdictions, including Switzerland, which…
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Finance Minister Nirmala Sitharaman urged tax officials to enhance GST registration, refund processing, and grievance redressal mechanisms. She emphasized faster GST and customs refunds, reduced dwell times at ports, and speedy closure of investigations. Sitharaman also stressed preventing tax evasion,…
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