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The Economic Times
The Economic Times More trouble for US trade partners? Trump to set up new department to collect "tariffs, duties, and all revenue" from foreign sources
President-elect Donald Trump announced the creation of the External Revenue Service to collect tariffs and duties from foreign sources, effective Jan. 20. Trump pledges to impose significant tariffs on major trading partners and global imports to ensure they pay their fair share and address trade imbalances.
The Economic Times Budget 2025: Govt to counter slowdown, may unveil measures including tax relief to help economy climb
The measures being considered include tax relief for the middle class, tariff measures to shield industry from the adverse external environment, and initiatives to foster job creation and private investment, among others, said people familiar with the deliberations. A meeting in the Prime Minister’s Office last week discussed broad contours of the budget and more will be held to firm up details, they said.
The Economic Times GenAI adoption projected to transform nearly 3.8 crore jobs in India by 2030
The Generative AI (GenAI) adoption is projected to transform at least 38 million (3.8 crore) jobs in India by 2030, driving a 2.61 per cent productivity boost to the economy through gains in the organised sector and additional 2.82 per cent with the adoption of GenAI by the unorganised sector, a report said on Tuesday.
The Economic Times Hindustan Zinc faces ₹92.5 cr penalty over input tax credit dispute
Hindustan Zinc Limited faces a penalty and tax demand for FY 2018-19 and FY 2019-20. The company plans to appeal the order before the Appellate Authority. Hindustan Zinc received the order on January 13, 2025. The issue involves a dispute on Input Tax Credit. The company made the disclosure under SEBI regulations.
The Economic Times Global inflation will remain high for years, economists tell Ifo
Global inflation is anticipated to stay elevated until at least 2028, with an average rate of 3.5% in three years according to a survey by the German Ifo Institute and Swiss Economic Policy Institute. Inflation rates are expected to exceed central banks' targets, suggesting that major interest rate cuts are unlikely.
The Economic Times RBI to judiciously handle FX reserves amid headwinds, sources say
Rupee fall: India's central bank plans to use foreign exchange reserves judiciously to handle currency market volatility amid global challenges. While the RBI will intervene to manage volatility, it will not massively protect specific levels, especially with a declining rupee and reduced foreign portfolio inflows since November.
The Economic Times India Inc may see 9.4% overall salary increase: Survey
The automotive sector is set to lead with anticipated increments of 10%, up from 8.8%, driven by the surge in electric vehicles and government-led ‘Make in India’ initiatives, found the survey by Mercer.
The Economic Times PB fintech raided by Tax officials over evasion allegations
The Directorate General of GST Intelligence conducted a search at a subsidiary of PB Fintech Limited, known for brands like Policybazaar, on January 13, 2025. The company stated that its operations remain unaffected and pledged full cooperation with authorities.
The Economic Times Healthcare Industry seeks tax cuts on insurance premiums & increased budgetary allocation in Budget 2025
Industry experts expect the 2025 Union Budget to include reforms for the healthcare sector. They seek increased government spending, focus on preventive healthcare, tax uniformity, and better insurance policies. Stakeholders hope for measures to improve healthcare infrastructure, especially in rural areas, and initiatives to support urban low-income households and combat diseases like cervical cancer.
The Economic Times Tata Electronics goes beyond Apple, looks to build for Xiaomi, Oppo
The company, which makes enclosures for iPhone, is increasingly mimicking a Foxconn-like model and is looking to move up the value chain by producing components like camera and display modules for smartphone players.
The Economic Times RBI rate cut delay will lead to more growth sacrifice; must deliver 0.25% reduction in Feb review
Deutsche Bank suggests the RBI should begin reducing key rates by 0.25 per cent starting February. They believe delaying this will harm growth and that the RBI risks falling behind. Rates should be cut again in April, bringing the repo rate to 6 per cent by mid-2025. Inflation is expected to be lower than the RBI's forecast.
The Economic Times FPI selling pressure may persist due to rupee depreciation: Deven Choksey
Even likes of Jio Finance, you are getting into good price correction. So, certainly, whatever the requirement of money that we require in our funds, we currently take up this kind of activity and position ourselves in buying these companies.
The Economic Times Stronger dollar and Fed moves weigh on EMs, but India remains resilient: Mayuresh Joshi
Mayuresh Joshi discusses the impact of strong US economic data on global markets and Indian equities, highlighting a robust dollar, FII pullbacks, and potential future earnings growth. He notes emerging markets, including India, facing premium valuation challenges, yet holds a cautiously optimistic view on Indian market resilience.
The Economic Times Net direct tax collections surge 16 pc to Rs 16.90 lakh crore so far in FY25
India's net direct tax collections recorded a robust 15.88 per cent jump to Rs 16.90 lakh crore during April 1, 2024-January 12, 2025 of the current financial year compared to the same period of the previous financial year, according to latest figures compiled by the Income Tax Department.
The Economic Times India’s Wholesale Inflation climbs to 2.37% in December, up from 1.89% in November
Wholesale Price Inflation in India rose to 2.37% in December, marking a six-month high and an increase from November's 1.89%. The December figure also surpassed October's inflation rate of 2.36%, which had breached the inflation target set by the Reserve Bank of India (RBI).
