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The Economic Times
The Economic Times Tata Trusts tightens monitoring, shifts from quarterly to monthly reviews
Tata Trusts has implemented stricter monthly reviews of projects to control operational costs and improve the impact of its philanthropic efforts. An internal audit revealed discrepancies, prompting enhanced monitoring and reporting. The Trusts may prioritize grants over direct implementation projects to minimize expenses and maximize funds for charitable causes.
The Economic Times Income tax cuts and new tax slabs — here’s how Indian Finance Minister Nirmala Sitharaman wants to make people shop more
India is bracing for its third budget in 12 months. Meanwhile, economic growth has been on a downward spiral as tepid income growth led to penny-wise people further cutting back on consumption— from cars and bikes to even items of daily use.
The Economic Times GST recommendations to create business-friendly environment, ensure fairness: Experts
The 55th GST Council meeting has unveiled a series of pivotal recommendations designed to deliver targeted relief, streamline compliance processes, resolve industry ambiguities and promote trade facilitation, experts said on Sunday.
The Economic Times Unique ID to be deployed to check GST evasion in select commodities
India is introducing Unique Identification Marking (UIM) for specific goods like tobacco to combat tax evasion. Non-compliance will result in penalties. The GST Council approved this 'track & trace' mechanism, defining UIM as a secure, non-removable digital mark. This system, inspired by the WHO protocol, will track products throughout the supply chain, detailing manufacturing information and pricing.
The Economic Times Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24
A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.
The Economic Times Good opportunity in chip fabrication in India; in talks with manufacturers for lithography machines: Canon
Canon India, experiencing double-digit growth, is eyeing the semiconductor lithography equipment market. The company is in talks with chip manufacturers setting up facilities in India. Canon is also expanding into healthcare, flat panel displays, and studio solutions, leveraging India's economic growth and expanding into tier II and III cities.
The Economic Times Aadhar Housing Finance sets price band at Rs 300-315 per share for its IPO
The initial share sale will be open for public subscription during May 8-10 and the bidding for anchor investors will open for a day on May 7, the company said in a statement.
The Economic Times Reliance Industries shares in focus after 45% stake acquisition in Health Alliance for $10 million
Reliance Digital Health is set to acquire a 45% stake in Health Alliance Group. The deal is worth $10 million. This investment will help create a virtual healthcare platform. The platform will expand access to care for underserved communities. The transaction will be completed in about two weeks. Reliance Industries shares are expected to react to this news.
The Economic Times India Inc mops up record Rs 1.6 lakh crore from IPOs in 2024
India witnessed a record Rs 1.6 lakh crore raised through 90 IPOs in 2024, driven by robust economic growth and favorable market conditions. Hyundai Motor India's IPO led the charge, raising Rs 27,870 crore. Experts predict 2025 could surpass this record, with a potential Rs 2.5 lakh crore raised from upcoming IPOs, including HDB Financial Services and LG Electronics India.
The Economic Times Banking Laws (Amendment) Bill 2024 misses key auditor appointment and rotation reforms, say experts
Experts advocate for a more independent selection process and suggest extending the rotation period from the current 3 years (with a 6-year cooling-off period) to 5-7 years, ensuring enhanced audit quality and transparency.
The Economic Times Feb rate cut hinges on new RBI leadership, MPC minutes show
Then RBI governor Shaktikanta Das in his last monetary policy committee meeting said, "policy priority at this critical juncture has to be on restoring the inflation-growth balance," emphasising the need to control inflation. He added, "The fundamental requirement now is to bring down inflation and align it with the target." In conclusion, Das said, "Any other approach would be counterproductive and a case of inappropriate timing."
The Economic Times GST Council meet: No tax on bank penalties, EV tax hike, popcorn tax clarity, and other key highlights
The 55th GST Council meeting unveiled several important decisions that will have a lasting impact across various sectors, from healthcare and finance to the automobile industry. While some changes, such as the increase in GST for used EVs and the new popcorn tax structure, have sparked concerns about complexity and cost, others, such as the exemption for gene therapy, have been widely welcomed by experts.
The Economic Times GST Council clarifies on popcorn taxation
When popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionary, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, as per the clarification.
The Economic Times GST Council ups tax on sale of used cars by businesses; says rate on popcorn depends on flavour
The GST council met on Saturday. It decided to not tax gift vouchers. Used cars purchased by businesses will face an 18% tax. This includes electric vehicles. The tax on fortified rice kernels is reduced to 5%. A decision on insurance product tax rates is postponed. The council clarified tax rates for different types of popcorn.
The Economic Times Maha will play key role in achieving India's $5 trillion economy goal: Minister Tatkare
Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India's journey towards becoming a $5 trillion economy.
