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Minister of State for Finance Pankaj Choudhary. File The number of Hindu Undivided Families (HUFs) availing tax benefits under the Income Tax Act stood at almost 8.76 lakh in 2022-23, the lowest in at least five years. The impact on their tax treatment under a Uniform Civil Code (UCC) has not yet been examined, the…
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The video gaming industry has said the term ‘online gaming’ is a broad and ambiguous term that is causing confusion among gamers, games publishers, international investors and media amid the GST row. Image used for representational purposes only. | Photo Credit: Special Arrangement As many as 45 video game companies in India on July 26,…
Read More “Video-gaming firms write to PMO seeking distinction from real-money gaming industry” »
India’s Tata Steel Ltd. expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on July 25. “In India, the Q2 [July-September] realisation will be about 3,000-3,100 rupees per tonne [$36.65-$37.87] lower…
Chief Minister Y.S. Jagan Mohan Reddy participating, in virtual mode, in the groundbreaking ceremony of Mondelez India’s expansion unit at Sri City in Tirupati district on Tuesday. | Photo Credit: SPECIAL ARRANGEMENT Chief Minister Y.S. Jagan Mohan Reddy participated virtually in the groundbreaking ceremony of the expansion unit of Mondelez India’s manufacturing facility in the…
Read More “Mondelez India to invest ₹1,600 crore in its manufacturing facility at Sri City” »
IMF delegates participate in a news conference on the IMF release of the World Economic Outlook Update, at IMF headquarters in Washington, DC, on July 25, 2023. | Photo Credit: AFP Names of 5 crore MGNREGS workers deleted in 2022-23, Minister informs Lok Sabha Rural Development Minister Giriraj Singh, in a written reply to the…
IMF delegates participate in a news conference on the IMF release of the World Economic Outlook Update, at IMF headquarters in Washington, DC, on July 25, 2023. | Photo Credit: AFP The IMF on July 25 projected a growth rate of 6.1% for India in 2023, which is a 0.2 percentage point upward revision compared…
Read More “IMF projects Indian economy to grow at 6.1% in 2023” »
The 15th Finance Commission has recommended that States be given 41% of the divisible tax pool of the Centre. File. | Photo Credit: Reuters The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj…
Read More “Centre devolves ₹3.09 lakh crore to States till July” »
In Telangana, there is a stark difference in socio-economic indicators between the districts around Hyderabad, the capital, and those far away from it. This is the fourth story in a series of Data Points exploring the inter-district differences in the southern States. The district-wise variations in Tamil Nadu, Kerala, and Karnataka were discussed earlier. Given…
Electric commercial vehicle maker PMI Electro on July 25 said it has appointed Aanchal Jain as the Chief Executive Officer (CEO). Her appointment will help the company steer through new challenges faced by large electric vehicle OEMS in terms of fast-paced growth and capex-hungry financing requirements, PMI Electro said in a statement. “It gives us…
The senior DGCA official said that in view of the observations made in the past concerning inadequate maintenance and in view of the incidents during the monsoon season last year, SpiceJet was placed under enhanced surveillance. | Photo Credit: Reuters Aviation watchdog DGCA has taken off SpiceJet from its enhanced surveillance regime, a senior official…
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