Non-resident Indians residing in Singapore and the United States are expressing significant concerns over withholding taxes. These taxes threaten to diminish their net returns from leveraging FCNR deposit schemes. For instance, borrowing from Indian banks’ GIFT City branches triggers Singapore…
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The proposal seeks to address a longstanding industry demand by examining whether businesses operating across multiple states can be administered by a single central GST authority instead of dealing with multiple field formations for different GST registrations.
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An ETCFO analysis of annual reports and annual returns filed by some of India’s largest listed companies shows Larsen & Toubro (L&T) CFO R Shankar Raman emerged as the highest-paid finance chief in FY26, drawing ₹54.02 crore, followed by Reliance…
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India’s net FDI inflows are expected to rebound to $15 billion in fiscal year 2027. This rebound will be supported by healthy gross inflows and moderating repatriation outflows. Policy measures and a nuanced FDI framework are also expected to boost…
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Corporate lending at top Indian private banks surged significantly in the June quarter. This corporate loan growth far outpaced retail credit expansion, reaching 26% on average. Higher bond yields pushed companies back to mainstream lenders for working capital needs. This…
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Banks anticipate a surge in FCNR-B deposits before the September deadline. Initial inflows have been below expectations, but partnerships are being forged. Demand from non-resident Indians remains strong, especially from the Middle East. Lenders are intensifying outreach efforts to attract…
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