India to Borrow Rs 6.61 Lakh Crore from Market in H2, Accounting for 47.2% of Yearly Plan
The Indian government, in coordination with the Reserve Bank of India (RBI), revealed its intention on Thursday (September 26) to secure Rs 6.61 lakh crore...
Category : ECONOMY
Income Tax Rules Effective from October 1, 2024: Union Budget 2024-25
The Securities Transaction Tax (STT) for futures and options (F&O) trading will increase from October 1, 2024. The tax rates for Futures & Options (F&O)...
India’s Manufacturing Incentives Advances Amid Efforts to Cut Imports from China
Since its launch in 2020, India’s production-linked incentive scheme has attracted over USD 17 billion in investments, benefitting manufacturing in 14 sectors. The scheme has...
Government Flagged 67,970 Suspicious GST Registrations, Detected Rs 10,179 crore Tax Evasion
Authorities have refined the risk parameters to target potential fraud more effectively, building on insights from a similar drive last year. 59% of the identified...
India’s Growth Forecast Unchanged at 6.8%; Rate Cut Expectation from RBI: S&P Global
S&P Global Ratings has kept its prediction for India’s growth unchanged at 6.8% this year. The agency also expects the Reserve Bank of India (RBI)...
India’s Sept Business Growth at Nine-Month Low as Demand Slows Down: PMI
The flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global and HSBC, dropped to 59.3 this month from August’s 60.7 final reading. According...
Decrease in Crude Oil Prices Affecting India’s Oil Exports: CRISIL
The decrease in crude oil prices has affected India’s oil exports, resulting in a decline in overall exports in August. According to CRISIL, the scarcity...
Gross Direct Tax Collections Surged by 21% to Rs 12.01 Lakh Crores, April-Mid Sept Data
India’s gross direct tax collections for 2024 showed significant growth, with a 21.48% increase as of September 17, 2024. The surge in Securities Transaction Tax...
Adequate and Timely Funding Key to Achieving Sustainable Agriculture: RBI Deputy Governor
The speech at the conference in Pune by the respected Deputy Governor Swaminathan J of the Reserve Bank of India emphasised the importance of promoting...
DGGI Detected Rs 2.01 Lakh Crore in GST Evasion During FY 2023-24
The Directorate General of GST Intelligence (DGGI) has uncovered a record number of tax evasion cases for the first time, with approximately 6,084 cases involving...