The early flurry of investments eventually settled down to a steady pace as a large number of ambitious investment plans either did not come to fruition or were abandoned. In the words of N. Chandra Mohan In stark contrast to the optimistic government pronouncements of record FDI inflows in 2021-22, the most recent UNCTAD World … Read more
The total amount collected through direct taxes, which was more than 3.39 trillion rupees, is comprised of over 1.70 trillion rupees in Corporation Tax (CIT) and over 1.67 trillion rupees in Personal Income Tax (PIT), which includes Security Transaction Tax (STT). The Income Tax department said on Friday that between April and the middle of … Read more
Following the inauguration of this two-day event, the Prime Minister gave a speech at the Biotech Startup Expo. In it, he stated that in the past eight years, the number of start-up businesses in the nation has expanded from a few hundreds to over 70,000. In a statement made on Thursday, the Prime Minister of … Read more
There have been calls for expenditure and revenue caps.On Monday, the Government of Finance issued a warning about an increase in the twin deficits, which may potentially create the danger of a cycle of broader deficits and a weaker currency. The ministry also stated that “rationalisation” of non-capex expenditure has, as a result, become crucial. … Read more