Finance Minister Nirmala Sitharaman emphasized the potential of eastern India as a growth engine, urging Jharkhand to tackle corruption for industrial development. She criticized the state’s governance, highlighting lawlessness and migration. Sitharaman assured equitable treatment, citing increased budgetary allocations for…
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The startup ecosystem saw a 37% increase in the number of new companies, leading to a 14% surge in the number of jobs. More than half (53%) of all startup jobs are targeted at freshers. Production and manufacturing sector saw…
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In April 2023-24, company registrations fell 3.7%, while LLPs surged 36%. The trend continued from the previous year, reflecting optimism and growth prospects despite technical challenges and a high base effect.
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The central government’s fiscal deficit for FY24 is expected to be slightly better than revised estimates, thanks to higher-than-anticipated revenue receipts. Despite slower nominal growth, deficit-to-GDP ratio is estimated to improve. Direct tax revenue exceeded expectations, and expenditure remains on…
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Group holding company Tata Sons will offer shares of Tata Capital to Tata Motors. This will give India’s third-largest carmaker by volume a minority stake in Tata Capital.
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By incorporating GloBE rules into its domestic tax legislation, India can bolster its efforts to curb tax avoidance practices and ensure that multinational enterprises contribute their fair share to the country’s tax revenues.
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