UNION BUDGET 24-25:GOOD, NOT SO GOOD, NOISE & HIDDEN GEMS
Seasoned finance expert Robin Banerjee dissects the Union Budget 2024, highlighting its strengths, weaknesses, noise, and hidden gems that could shape India’s economic landscape.
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Govt proposes self-declaration with regard to proof of origin under Customs law
The government aims to simplify import procedures under Free Trade Agreements (FTAs) by proposing self-certification for proof of origin from FTA nations to claim duty concessions. Currently, importers must present a ‘certificate of origin’ to qualify for these concessions.
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Challenge is to provide more clarity to our relationships with China: NITI Aayog vice chairman Suman Bery
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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66 pc taxpayers opted for new ITR filing regime in current season: CBDT chairman
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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I-T breather to help loss-making firms conserve working capital
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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Foreign investors may get a taste of ease of doing business
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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