Economic Times
The Union Budget 2024 significantly altered India's capital gains tax regime. LTCG tax rates rose from 10% to 12.5%, and the indexation benefit was re
India's forex reserves reached an all-time high of $670.86 billion as of July 19, up $4.00 billion from the previous week. Foreign currency assets als
All farmers growing notified crops in notified areas are eligible for coverage under the scheme voluntarily," Union Agriculture Minister Shivraj Singh
India's trade deficit with China grew at a slower pace from 2014-15 to 2023-24 compared to the previous decade, highlighting government efforts to con
India’s Union Budget 2024 introduced simplified capital gains tax rates, increasing short-term capital gains on equity to 20% and long-term capital
The country is set to have 12 new industrial cities to enhance domestic manufacturing, announced a top government official. The new cities will be loc
India's post-election budget confirmed a commitment to reducing the fiscal deficit for FY25 and FY26. The FY25 target has been lowered to 4.9% of GDP,
On being quizzed on if Vietnam is benefitting more from China Plus One strategy, Sitharaman told The Economic Times that Vietnam has had certain advan
Finance Minister Nirmala Sitharaman recently presented the Union Budget, highlighting rate rationalisation to boost rural savings and consumption. She
Manufacturing sentiments in India improved in Q1 FY 2024-25, with 78% of respondents expecting higher or unchanged production levels, according to FIC
The Union Budget 2024 brought respite for venture investors as it abolished the decade-old Angel tax. When asked about the reason behind the move, Sit
Finance Minister Nirmala Sitharaman acknowledged the challenges of rising food prices and emphasized the use of high-yielding and climate-resistant se
Certain taxpayers are displeased with the Modi government's removal of indexation benefits on realty sales. Finance Minister Nirmala Sitharaman defend
The budget widened transfer pricing provisions to include some domestic transactions and enhanced the power of transfer pricing officers to scrutinize
The Union Budget 2024 aimed to uplift the underprivileged, boost manufacturing with ₹11.11 lakh crore for infrastructure, and promised job creation
DPIIT plans to address duty inversion in electronics and leather goods in the upcoming customs duty review and may crack down on tobacco firms' proxy
Industry was extensively consulted while designing the employment schemes announced in the budget and will be involved at the implementation stage as
Net issuances of the sovereign gold bonds (after factoring in redemption) are now pegged at ₹15,000 crore in this fiscal, against ₹26,138 crore in
Analysis by the IMF has shown that globally, including in India, productivity gains are needed to sustain the economic growth, which has been slowing
Some companies could face dues running into thousands of crores if Thursday's Supreme Court order is applied retrospectively. This is because there ar
