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The Economic Times
The Economic Times Incomes are either rising too slowly or falling at the lower end of the bracket
India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most government agencies and financial institutions peg it at over 7%. Yet, the households tell another story. Most of them saw their real income growth — after accounting for inflation — fall by 3.1% in the last five years.
The Economic Times Gig economy led to precarious employment arrangement: Supreme Court
The Supreme Court slammed the misuse of temporary contracts. The court highlighted the exploitation of workers, especially in the gig economy. The court ordered reinstatement of sweepers who worked for two decades. The sweepers were employed by the Central Water Commission. The court ordered back wages for the sweepers. The court stressed fair employment practices for government organizations.
The Economic Times Rise of sustainable entrepreneurship: How Eco-friendly businesses are revolutionising industries
Sustainable entrepreneurship is transforming business by prioritizing both profit and the planet. Driven by moral imperative, consumer demand, and regulations, these businesses embed green practices throughout their operations.
The Economic Times Biotech startups in India surged from 50 to about 9,000 in last decade: Jitendra Singh
From just 50 biotech startups in 2014 in India, the ecosystem has grown to nearly 9,000 in the last decade, said Union Minister Jitendra Singh.
The Economic Times NFRA’s latest audit inspections reveal major deficiencies in BSR & Co. and Lodha & Co.
The NFRA's recent audit inspections of BSR & Co. LLP and Lodha & Co. LLP have exposed significant lapses in related party transactions, audit documentation, and independence controls. However, the report highlights improvements from previous inspections for BSR & Co. Both firms have acknowledged these issues and committed to implementing corrective actions to enhance their audit practices and regulatory compliance.
The Economic Times FM Nirmala Sitharaman to attend the 55th GST Council Meeting in Jaisalmer
Union Finance Minister Nirmala Sitharaman has arrived in Jaisalmer for the 55th GST Council meeting scheduled to be held on Saturday at Hotel Marriott.
The Economic Times GST Council to decide on cutting taxes on insurance premium; big-ticket rate rejig unlikely
Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026, and the GST Council has set up a panel of ministers, under Union Minister of State for Finance Pankaj Chaudhary, to decide the future course of the cess.
The Economic Times US government shutdown: What will happen to your visa application?
Immigration services face mixed impacts: USCIS may excuse delays, while DOL activities halt. National parks may close, taxpayer support pauses, and airport delays increase. Shutdowns stem from budget disagreements and occur annually if no resolution is reached.
The Economic Times CCI approves Ultratech Cement's acquisition of India Cements
UltraTech Cement got approval to acquire India Cements. The deal expands UltraTech's presence in South India. UltraTech bought a 32.72% stake for Rs 3,954 crore. They also launched a Rs 3,142.35 crore open offer for another 26% stake. UltraTech, India's largest cement producer, aims to reach 200 MTPA capacity. India Cements has a 14.45 MTPA capacity.
The Economic Times India steel imports from China hit record high, data shows
Total imports of finished steel were at an eight-year high with India, the world's second-biggest crude steel producer, a net importer during the period.
The Economic Times TReDS bill financing crosses Rs 2-lakh crore mark
TReDS is an initiative introduced by the RBI and backed by the MSME Ministry. It serves as an electronic platform facilitating the financing and discounting of trade receivables of MSMEs through multiple financiers in order to solve their working capital-related challenges.
The Economic Times India considers exempting gift vouchers from GST; Council to discuss key issues
The GST Council is contemplating exempting gift vouchers from GST and reducing tax rates on insurance premiums. They are also considering an 18% GST on used cars, including electric vehicles, and a potential 35% slab for sin goods. However, states have differing views on these proposals, requiring further discussion.
The Economic Times India’s Supreme Court may have paved the way to erase half of the country’s budget deficit
On October 24, India's top court ordered that companies will be liable to pay statutory dues even on non-telecom revenue earned using spectrum. The amount of money that the government can make, thanks to this verdict, may be good enough to erase nearly half the country’s budget deficit of ₹7.2 lakh crore.
The Economic Times Tata Trusts tightens monitoring, shifts focus to grant-making
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 Tata Consumer Products denies reports on exit of Starbucks from India
Tata Group refuted rumors of Starbucks leaving India. Starbucks operates 457 stores in India through a joint venture with Tata. The company aims to reach 1,000 stores by FY28. Starbucks India revenue grew but losses widened due to expansion. Tata stated it prioritises scaling over store profitability. Starbucks entered India in October 2012 through a joint venture with the Tata Group.
