Speaking at the India SME Finance and Summit, Soumya Kanti Ghosh said this growth highlights the sector’s increasing significance, with its share rising to 27.3 per cent in 2021, reflecting remarkable resilience in the domestic economy.
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Net corporate tax collection increased 14.51 per cent to Rs 8.90 lakh crore, while tax collection from non-corporates, including individuals and Hindu Undivided Families (HUFs), grew 5.91 per cent to about Rs 10.03 lakh crore during the period, PTI reported.
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In a significant ruling, the Bombay High Court has reaffirmed that summonses issued under the CGST Act serve solely for the purpose of inquiries and recording statements, and do not authorize detention. A petitioner, who sought reparations for what they…
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India is entering a new era of opportunity. Strong trade deals with the US, UAE, Britain, and EU are opening global markets. The nation is excelling in advanced manufacturing, particularly in mobile phones and chip design.
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IDFC FIRST Bank has secured a crucial nod from the Reserve Bank of India. ICICI Prudential Asset Management Company, along with group entities of ICICI Bank, can now acquire up to 9.95% of the bank’s paid-up share capital. This development…
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India is set to release inflation figures using a new index on Thursday, which analysts predict may indicate elevated price pressures. This revised Consumer Price Index, reflecting updated spending patterns and new categories, could influence the central bank’s decision to…
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