Corporate leaders emphasize capital expenditure, fiscal consolidation, and boosting consumption in a meeting with Finance Minister Nirmala Sitharaman. Assocham proposes raising the basic income tax exemption limit, doubling standard deduction, and supporting climate-resilient initiatives. Ficci highlights the need for tax regime simplification and support for MSMEs and agriculture sector, aligning with pre-budget discussions on...
Read MoreThe GST Council meeting, chaired by union finance minister Nirmala Sitharaman, will address immediate business needs, clarify issues like extra neutral alcohol (ENA), and prioritize legal amendments for the Finance Bill. The meeting will exclude reviewing levies on online gaming and casinos despite lobbying efforts. Sitharaman plans to present her tax proposals in the...
Read MoreIndian CEOs, including Amit Khandelwal, are optimistic about revenue prospects and planning mergers and acquisitions, mainly through IPOs. They believe in the potential of AI and other technologies to enhance business performance, highlighting a focus on innovation and strategic investments to navigate the current economic landscape amidst global uncertainty and geopolitical tensions.
Read MoreThe Election Commission received 11 applications from defeated candidates in recent elections, seeking verification of EVMs in 8 parliamentary and 3 assembly constituencies. The requests cover closely contested seats with thin victory margins and those with margins exceeding 2 lakh votes. The verification process will start within four weeks of confirmation of election petition...
Read MoreRBI Governor Shaktikanta Das emphasizes the importance of banks focusing on managing risks to keep the financial system resilient during an event organized by the College of Supervisors. RBI’s proactive approach in detecting crises early and taking preemptive actions aligns with global discussions on banking crises, emphasizing the need for a stable and robust...
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