Category: Business

The Institute of Chartered Accountants of India plans to launch a digital platform. It will help accounting firms network and merge. This initiative aims to create larger Indian firms. These firms can compete with the Big Four. The platform will support resource sharing and expansion. It will especially benefit CAs in remote areas. The Institute […]

India-US trade deal: Piyush Goyal also highlighted that India is in active dialogue with the European Union (EU), with the European Commissioner for Trade, Maroš Šefčovič, likely to visit next week. Minister of Commerce and Industry, Piyush Goyal , on Wednesday announced that efforts are being made to conclude a bilateral trade agreement with the United States […]

The main challenges for GCCs in tier 2 and 3 cities are the limited talent pool, inadequate higher education institutions, infrastructure bottlenecks and connectivity issues. Global Capability Centers (GCCs) continue to mushroom in India’s tier-1 cities, but their expansion into tier 2 and 3 locations—once hailed as the next big hubs—is progressing slowly due to […]

India’s labor-intensive export sectors, including textiles, diamonds and seafood are bracing for a major shock as an additional 25% U.S. tariff on Indian goods is set to take effect on August 27. All eyes are on August 27 when US President Donald Trump’s secondary sanctions of 25%—besides the 25% reciprocal tariffs already in effect from […]

With US tariffs hitting exports, Arvind Panagariya urges India to finalize the EU FTA and pursue long-pending reforms. He calls this a 1991-style moment, pushing for changes in land, labor and trade policies to boost India’s global competitiveness. With the tariff war unleashed by the US threatening to hit India’s shipments to its largest exports […]

According to sources, Chalai is the senior most in rank in the Finance Ministry and is expected to be designated as Finance Secretary soon.  K. Moses Chalai, Secretary in the Department of Public Enterprises (DPE), is soon to be named the next Finance Secretary, a position lying vacant for more than a month, sources have […]

The Finance Ministry has directed public sector banks (PSBs) to undertake a third-party evaluation of their Boards’ performance, in the wake of instances of misgovernance at the helm of a few lenders that also raise questions about the scrutiny exercised by their Boards, a senior Government official told Business Standard. “Since a couple of governance issues […]

Finance Minister, Nirmala Sitharaman praised India’s fintech sector for enhancing digital public infrastructure and enabling inclusive financial services for merchants and MSMEs. During a visit to Pine Labs in Noida, she reviewed fintech innovations and interacted with beneficiaries of digital initiatives. She highlighted how DPI, including direct benefit transfers has transformed service delivery and empowered […]

The number of micro, small and medium enterprises (MSMEs) with Goods and Services Tax (GST) registration is set to rise after the Central Board of Indirect Taxes and Customs (CBIC) asked its officials to relax scrutiny for such businesses, according to two people aware of the development. MSMEs contribute around 30% of India’s GDP. CBIC’s move […]

China’s Government subsidies, aimed at boosting domestic consumption, have spurred a surge in digital product sales, generating approximately $20 billion in just four months. Over 48 million consumers participated, purchasing 51.48 million products. This initiative has led to a significant increase in retail sales of communication appliances and a shift towards higher-end smartphones. The Chinese […]