The Economic Times
The Economic Times Streamlining GST dispute resolution: Insights from CESTAT for GSTAT
In this article, Rajat Mohan, Senior Partner at AMRG & Associates, explores the establishment of a robust procedural framework for the GST Appellate Tribunal (GSTAT), drawing lessons from CESTAT's operational rules to enhance GST dispute resolution.
The Economic Times 10 big-bang policy moves Modi government made in 2024
In 2024, India implemented several transformative policies under Narendra Modi's leadership, including One Nation, One Election, an expanded Unified Pension Scheme, and the BioE3 policy. These initiatives, along with scrapping angel tax, promoting rooftop solar, and launching the PM Internship Scheme, aim to stimulate economic growth, innovation, and job creation while ensuring social progress.
The Economic Times Budget 2025: Mobile phone makers seek import duty cuts on key parts
Union Budget 2025: The electronics industry is requesting import duty reductions on mobile phone components and subsidies for product testing in the next budget. They are advocating for a simpler tariff structure and an extension of the 15% corporate tax waiver for manufacturing companies till 2029 to boost the component ecosystem.
The Economic Times Ola Electric’s CTO Suvonil Chatterjee, CMO Anshul Khandelwal quit adding to top-level exodus
Two senior executives at Bhavish Aggarwal's Ola, Suvonil Chatterjee and Anshul Khandelwal, resigned from their positions at Ola Electric, citing personal reasons. Their exits contribute to a series of senior-level resignations across the Ola group, including the departure of top executives from Ola Consumer and the ride-hailing business, amid declining market performance.
The Economic Times AI specialists hit pay dirt as talent war rages
Companies will compete aggressively to hire AI talent, increasing salaries by 15-20% in the next 12-18 months. AI demand is expected to double by 2027. Firms must offer competitive packages, upskilling, and career opportunities to attract top AI professionals. Salaries for AI jobs are already 30% higher than traditional IT roles.
The Economic Times Crack this code at liquidation, assets = 5% dues
Stressed companies under insolvency law have assets worth less than 5% of what they owe to lenders. As of September, 2,630 liquidation cases owed ₹9.51 lakh crore but had only ₹45,000 crore in assets. Delays and asset deterioration contribute to poor recovery, particularly in service-oriented firms.
The Economic Times Rural consumption rises higher than urban, allowing the inequality to dip during Aug 2023-July 2024
Consumption inequality decreased in both rural and urban areas during August 2023-July 2024 compared to the previous year, with Gini coefficients dropping in both regions. The survey showed a rise in average monthly per capita expenditure (MPCE). Non-food items constituted the largest share of household expenditures.
The Economic Times Coforge, Cigniti announce merger pact
The two companies have appointed EY and Axis Capital to prepare merger terms which they intend to propose to their respective shareholders within a fortnight, ET had reported on Tuesday.
The Economic Times JSW Energy to buy O2 Power for $1.47 billion
JSW Neo Energy, a subsidiary of JSW Energy, will acquire the 4.6 GW renewable energy platform O2 Power Pooling, owned by EQT Infrastructure and Temasek, for ?12,468 crores. The acquisition increases JSW Energy’s generation capacity by 23% and strengthens its presence in India's energy sector.
The Economic Times Risks are ramping higher on Middle East crude flows, Rapidan says
Fresh tensions in the Middle East, particularly Israel’s actions against the Houthis in Yemen, may jeopardize vital energy resources, raising concerns over crude supplies. The situation is further complicated by anticipated US foreign policy shifts under Trump’s incoming administration, which could impact global oil dynamics and energy prices.
The Economic Times Year in Review: There’s an Esop fable in startup Inc’s IPO run
Initial public offerings of eight new-age internet companies in 2024 revealed a significant disparity in wealth creation between startup founders and employees. Founders amassed nearly Rs 34,000 crore, compared to Rs 8,500 crore unlocked for staff through Esops. Concerns arise over disproportionate Esop distribution and the fairness of typical four-year vesting periods.
The Economic Times Centre eyes January start to India AI datasets collection, aggregation
The collection and sifting of all the data is likely to take up to six months following which the government will open up the collated database for training of the LLMs, small-language models, ultra-large language models, foundational models, and others, he said.
The Economic Times Finance Ministry Year-End Review: DIGIDHAN Mission driving India’s leadership role in digital payments
BHIM-UPI has recorded over 15,547 crore transactions during the January-November phase this year, underscoring its role as a key enabler of India’s digital economy.
The Economic Times Budget 2025: Cut income tax rates! The clamour is getting louder for a reason
Budget 2025 expectations: Finance Minister Nirmala Sitharaman is under pressure to reduce income tax rates for individuals earning up to Rs 15 lakh annually. This move aims to boost consumption and revive demand. Reducing tax rates could provide relief to the middle class affected by inflation. The government aims to balance fiscal prudence with economic growth in Budget 2025.
The Economic Times Incremental investment in cement sector will come only when profitability improves: Report
Illustrating current margins, the report outlines an example where the industry achieves an EBITDA of Rs800 per ton. After adjusting for 80 per cent capacity utilisation and accounting for depreciation, the post-tax ROCE stands at a mere 3 per cent. For incremental investments, the report highlights that profitability needs to be doubled.