India’s NITI Aayog vice chairman Suman Bery discussed the complexities of reducing economic ties with China, job creation, fiscal consolidation, and the importance of state reforms. He emphasized the critical role of Chinese trade in India’s competitiveness, particularly in green…
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The Central Board of Direct Taxes (CBDT) chief said about 7.5 crore ITRs were filed the last time at the end of the deadline on July 31. The current ITR filing season for assessment year 2024-25 will similarly end on…
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Loss-making companies with high cash burn, including startups, would get a boost from a key amendment proposed to the Income Tax Act in the Union budget. This comes at a time when multiple consumer internet companies and large startups in…
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More parity between FDI and FPI likely; FEMA may see changes to boost investments in India, economic affairs secretary Ajay Seth told ET . Finance minister Nirmala Sitharaman highlighted in her budget speech the need to simplify FDI and overseas…
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India will shift from targeting a specific fiscal deficit level after 2025-26 to using the debt-to-GDP ratio as the fiscal policy anchor, according to Finance Secretary T.V. Somanathan. The government aims to reduce the fiscal deficit to below 4.5% of…
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Budget 2024: The government will not pre-announce its divestment plans to ensure optimal value for public companies, Finance Secretary TV Somanathan said in an exclusive interview with ET NOW on Wednesday. This strategic approach aims to maximize the financial returns…
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