“In five years, Indians will be saving a trillion dollars a year,” says Anshu Kapoor, President and Head Nuvama Asset Management.
GST authorities plan to introduce biometric authentication and geo-tagging for both existing and new registrants if they match as risky entities availing input tax credit fraudulently.
Prime Minister Narendra Modi on Thursday said India’s expanding economy is creating new possibilities for the youth and the unemployment rate in the country is at its lowest level in the last six years.
He said work is also underway with a multilateral development bank to prepare estimates for the cost of India’s net-zero transition.
United Kingdom-based energy giant BP’s Chief Executive Officer Bernard Looney’s views were consistent with those of energy-hungry emerging economies like India that are expediting transition to clean energy but are still heavily dependent on fossil fuels
The symbolic trading session will be held between 6 pm and 7.15 pm. This includes a 15-minute pre-market session, the stock exchanges said in separate circulars.
Speaking at the annual BFSI Insight Summit organised by Business Standard, Das said the Reserve Bank of India (RBI) is looking at the issue as part of the regulatory supervision efforts.
The MoC intends to strengthen cooperation between India and Japan towards enhancement of the semiconductor supply chain, recognising the importance of semiconductors for the advancement of industries and digital technologies, a statement released by the Union Cabinet said.
Gross direct tax collections have grown by 17.95 per cent to Rs 11.07 lakh crore so far this fiscal during April 1-October 9, while net direct tax mop-up, which factors in refunds, rose 21.82 per cent year-on-year to Rs 0.57 lakh crore.
Asked about the impact of high interest rates on investment flows, Sitharaman said high interest rates won’t be the only factor to influence investment, noting that emerging markets and developing countries are the engines of growth.