Representatives of several bodies that speak for the internet and mobile business expressed on Tuesday their concern about the draft Digital Competition Bill. They are the Internet and Mobile Association of India (IAMAI), Digital News Publishers Association, Alliance of Digital India Foundation (ADIF), Federation of Indian Fantasy Sports, and Cyber Cafe Association of India. Information […]
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The Government is planning to revamp the production-linked incentive (PLI) scheme for the telecom sector in a bid to quickly boost exports and incorporate more micro and small units into the manufacturing ecosystem. Funding for the expanded scheme may not be a challenge since the Department of Telecommunications (DoT) has surplus funds of more than […]
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Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortization margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more […]
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India’s net direct tax collections for 2024-25 (FY25) grew 9.81% to Rs 4.62 trillion till June 16 of the first quarter over the same period in FY24. Of the total tax collected until June 16, corporation tax accounted for Rs 1.81 trillion, while personal income tax (I-T) stood at Rs 2.69 trillion. This includes advance […]
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The European Union’s new eco design regulation, setting stringent sustainability requirements for all products in the bloc, is expected to hit Indian exporters, particularly smaller businesses, as it bans the destruction of unsold textiles and footwear, which could limit orders. The guidelines issued a few weeks ago has mandated product durability, reusability and energy efficiency, and is in line […]
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After picking up pace in 2022-23 (FY23), growth in capital expenditure by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24). The combined fixed assets of India’s top 990 listed companies, excluding banks, financial services, and insurance (BFSI) and stockbroking firms, increased by just 7.6% year-on-year (Y-o-Y) in FY24, down from 12.2% […]
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Union Finance Minister, Nirmala Sitharaman could stick to the fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for 2024-25 (FY25), same as the Interim Budget, when she presents the full Budget in the middle of next month, according to three officials who are part of the policymaking team involved in the initial discussions […]
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In a move to deepen manufacturing in electronics in India, the Centre is targeting 35-40 per cent value-addition through the yet-to-be launched production-linked incentive (PLI) scheme for electronics components. This target implies doubling of value-addition from the current levels of 18-20 per cent in the case of electronics manufacturing through various incentive schemes. The target […]
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India’s electronic manufacturing is likely to double in the next five years, according to sources in the Ministry of Electronics and Information Technology. The country’s electronic manufacturing is likely to reach around USD 250 billion in the next 5 years. The current electronic exports of the country stand at USD 125-130 billion. The Govt is […]
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Investors and companies based in India will now be able to invest in overseas funds, including those set up in the United States and Singapore, without any restrictions. The move follows an amendment by the Reserve Bank of India (RBI) last week regarding Overseas Portfolio Investments (OPIs). The RBI on Friday issued a circular amending […]
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