The Ministry of Corporate Affairs has amended Ind AS 12 (Income Taxes) to align with OECD’s Pillar Two global minimum tax from April 1, 2025. By ending deferred tax accounting for top-up taxes, the move raises two questions: how exposed…
Read More
Finance Minister Nirmala Sitharaman assured exporters of comprehensive government support to maintain growth, following the US imposing additional tariffs on Indian goods. She emphasized protecting workers’ livelihoods and urged industry leaders to ensure job continuity amidst global challenges.
Read More
Trade Minister Piyush Goyal on Friday said India is working to diversify exports and boost domestic demand to support exporters impacted by the recent “unilateral action” of another country. His remarks came after the U.S. doubled tariffs on Indian goods…
Read More
Prime Minister Narendra Modi, addressing the India-Japan Economic Forum in Tokyo, said the world is not only watching India but also counting on it, citing the country’s political and economic stability and rapid growth. He noted India is set to…
Read More
Sumitomo Mitsui Banking Corp or SMBC will invest sixteen thousand crore rupees in Yes Bank. The investment will be through equity and debt. This will strengthen Yes Bank’s balance sheet. SMBC will also acquire a twenty percent stake in the…
Read More
India’s economic growth likely decelerated in the April-June quarter due to weak urban demand and slow private investment. U.S. tariff hikes on Indian goods, including textiles and footwear, are expected to further impact exports. While GDP growth is estimated at…
Read More