Director General of Foreign Trade Santosh Kumar Sarangi said that the department of commerce has been “struggling” to convince the finance ministry regarding the relevance of the Interest Equalisation Scheme (IES) and the extent to which it is maintaining manufacturing…
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TARC said that it shall provide all necessary information, assistance and cooperation concerning the forensic audit and shall inform the exchanges of any further developments in the matter.
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Sebi has banned FPIs from issuing ODIs with derivatives as underlying or using derivatives to hedge ODIs in India. FPIs can issue ODIs only through a separate dedicated registration, with government securities as the only permissible underlying. This move aims…
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Switzerland’s suspension of the Most-Favored-Nation (MFN) status under its tax treaty with India, effective January 2025, will raise withholding tax on dividends from 5% to 10%. Experts note the move could affect cash flow for Indian businesses but emphasize that…
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India’s real estate sector is thriving, with institutional investments reaching a record $8.9 billion in 2024, a 51% increase from last year. The residential sector now leads investments at 45%, surpassing offices. Domestic investor participation has risen to 37%. REITs…
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The minimum qualification requirement has been reduced to a graduate degree in specified fields and net-worth requirement has been replaced with the requirement of deposits.
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