Economic Times
Income-tax dept to act against 15.2 million non-filers. CBDT orders outreach from April 15. Focus on bank transactions, penalties for defaulters with
The department said that the Protocol pertaining to the amendment is yet to be ratified and notified under Section 90 of the Income-tax Act, 1961. Unt
While inflation declined to a 10-month low in March, experts indicate it is unlikely to deter the Reserve Bank of India from lowering rates anytime so
India's foreign exchange reserves reached a new record high of $648.56 billion in the week ending April 5th, surpassing the previous peak of $645.58 b
India's Index of Industrial Production (IIP) increased by 5.7% in February, up from 3.8% in January, according to data from the Ministry of Statistics
India's retail inflation dipped to 4.85 per cent annually in March from 5.09 per cent in the previous month, as per ET bureau. A Reuters survey had an
India's foreign exchange reserves hit a record high of $648.56 billion as of April 5, with a $2.98 billion increase. The Reserve Bank of India (RBI) r
The new provisions in the treaty include a principle purpose test, which will be used to judge whether tax benefits under the treaty will apply to inv
Maldives explores paying imports in Maldivian Rufiyaa with India, China. Saeed aims for non-dollar payments, stronger Rufiyaa, bilateral trade. Curren
The government is contemplating allowing sugar mills to produce ethanol using their surplus B-heavy molasses amid stable sugar prices and ample supply
Moody's reaffirmed India's credit rating at Baa3 with a stable outlook, expecting over 6% growth in the next two fiscal years. It cited a balanced cre
Moody's Analytics reports contrasting retail inflation outlooks for India and China, with China experiencing minimal inflation due to demand shortages
Moody's maintains India's Baa3 rating but warns of risks from political tensions and weak debt affordability. Fiscal metrics may improve with robust g
India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such a
"We should consider establishing a fund to support new-age manufacturing, similar to the Innovation Fund that the government has already announced. Th
Lenders have asked the RBI to permit the compulsory portion of funds set aside for the maintenance of the Cash Reserve Ratio (CRR) to be made eligible
In a post on X (formerly Twitter), the GST Tech said the GSTN has noticed that taxpayers are facing difficulties in filing GSTR-1 intermittentl
Substantial convergence in India-Peru Trade Agreement negotiations during the seventh round, covering various topics like trade in goods and services.
According to the RBI's Monetary Policy Report- April 2024, domestic economic activity, backed by strong fundamentals, remained robust in the first hal
India's exports to China have seen a positive growth in 90 principal commodities, including iron ore, telecom instruments, and electronic components,
