Category: Economy

Union Commerce Minister, Piyush Goyal praised Bihar as a ‘hidden gem’ with untapped potential, highlighting the State’s transformation under Chief Minister, Nitish Kumar. Speaking at a CII event, Goyal urged investors to explore opportunities in Bihar, citing improvements in law and order and transparency. He also discussed efforts to boost exports to USD 2 trillion […]

As per the RBI guidelines, it is crucial for Re-KYC to be conducted on a regular basis. Financial institutions, including banks and NBFCs, are required to carry out Re-KYC in alignment with a risk-based methodology. Re-KYC, while a regulatory necessity aimed at maintaining the accuracy and currency of customer data, has inadvertently opened doors for […]

Gross GST collections were Rs 1.74 lakh crores in August, a year-on-year growth of 10%, and net collections (after refunds) were Rs 1.5 lakh crores, up 6.5%. Even though consumer goods imports are a major part of the inward shipments, the rise in imports of industrial raw materials and intermediate goods also contributed to the […]

The HSBC India Services Business Activity Index, or services PMI, stood at 60.9 on resilient demand amid easing inflationary pressures, data released by S&P Global showed. India’s services activity rose at a five-month high in August. The services PMI was up from 60.3 in July and the headline figure indicated the strongest rate of expansion since March […]

The Union Budget 2024 introduced several changes to the tax structure, TDS Rates and TCS Rates, one of which pertains to the Tax Deducted at Source (TDS) on rent payments. Specifically, the TDS rate under Section 194-IB has been revised from 5% to 2%, effective from 1st October 2024. Understanding Section 194-IB of the Income […]

Top 10 Fastest Growing Major Economies in The World 2024: Top 10 fastest growing major economies 2024: Which are the top 10 fastest growing major economies in the world? This is one ranking in which India beats the United States of America and China! For the purpose of arriving at the list of the fastest […]

MCA has introduced amendments to the Companies (Appointment and Qualification of Directors) Rules, 2014, which have come into effect on August 1, 2024. These changes aim to enhance transparency and simplify the procedures for appointing directors. Notably, the amendment to rule 12A now mandates that updates made to personal information of directors must be done […]

India still needs to cover some distance before manufacturing can contribute 25% of GDP. This next leap requires action from both the Government and private sectors. The Government should continue improving the cost of doing business through infra investments. The 2020s has already been a decade of uncertainties. The pandemic, regional conflicts and energy price […]

Founded in 2018, Resourceful Automobile operates under the brand name Sawhney Automobile, dealing in Yamaha two-wheelers. The recent Rs.12 crores initial public offering of Resourceful Automobile, a Delhi-based company with just two outlets and a workforce of eight, has taken the market by storm with the issue receiving bids worth close to Rs 4,800 crores. […]

Larsen & Toubro (L&T) has secured a significant order for integrated infrastructure development in Navi Mumbai Airport Influence Notified Area (NAINA) Project in Maharashtra. The order, awarded by CIDCO, involves road construction, structures, utility works and electrical works. The engineering and construction conglomerate, Larsen & Toubro (L&T) said that it has bagged a ‘large’ order […]