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The Economic Times
The Economic Times RBI grants Payment Aggregator license to SabPaisa
SabPaisa, a payment solutions provider, has received final approval from RBI to function as a Payment Aggregator under the Payments and Settlement Systems Act, 2007. Pathikrit Dasgupta, the CEO, highlighted the milestone, dedication to excellence, and aspiration to emerge as a premier fintech entity in India.
The Economic Times GST 2.0: Rate rationalization and improved compliance key reforms for India Inc, says survey
As India prepares to mark the seventh anniversary of the Goods and Services Tax (GST) on July 1, 2024, a recent survey by Deloitte sheds light on the transformative journey and future aspirations for this pivotal tax reform. The report, "GST @ 7 Years," captures the sentiments and expectations of over 760 C-suite and C-1 level executives across diverse industries, revealing a robust confidence in the GST system and outlining key priorities for its next phase, GST 2.0.
The Economic Times India's wealth will increase 1,000% in next 50 years: NSE MD
NSE CEO Ashishkumar Chauhan expressed confidence at a convocation ceremony near Ahmedabad that India's wealth could surge tenfold in the next 50 years due to its youthful population and technological advancements. He acknowledged India's current socio-economic challenges but urged young graduates to innovate and drive change.
The Economic Times Waiver, other tax reforms top GST Council's docket
The GST Council is set to discuss various measures at its upcoming meeting on June 22 to pave the way for broader tax reforms in the new government's first full budget. These measures include considering a conditional waiver of interest or penalty on tax notices issued between 2017 and 2020, with exceptions for wilful defaulters. The budget announcement is expected in July.
The Economic Times Economists bat for capex push, fiscal prudence and more jobs at pre-Budget meet
The focus on the quality of spending, sans mindless freebies, and steps to further curb inflationary pressure should continue, some of the economists told finance minister Nirmala Sitharaman at the customary pre-budget consultation, advising against reckless giveaways. Successful tackling of inflation, they said, would be the biggest pro-poor move.
The Economic Times IBBI seeks to tighten the noose around guarantors of bankrupt firms
The Insolvency and Bankruptcy Board of India (IBBI) has proposed changes in the resolution plan process to hold guarantors accountable, following the Supreme Court's ruling. Stakeholders are encouraged to review and provide feedback on the proposed amendments to streamline the valuation process for stressed firms.
The Economic Times 'Aircraft took off': Adani reviews impact of Modi era on India’s growth after 1991-2014 reform runway
Gautam Adani highlighted India’s infrastructure evolution, noting foundations were laid from 1991-2014, leading to rapid development in the last decade under PM Modi. Speaking at a CRISIL event, Adani praised the National Infrastructure Pipeline's integrated approach and announced Adani Group’s $100 billion investment in green energy, aiming for 50 GW capacity by 2030
The Economic Times India Inc outlook: Will there be a slowdown in growth in coming quarters?
The evolution of the global economic scenario and the onset and intensity of the monsoons in India, would remain a key monitorable over the near term, says ICRA.
The Economic Times Rohit Kumar Gupta quits ZEE; Mukund Galgali appointed as acting CFO
Zee Entertainment Enterprises announced on Tuesday that Rohit Kumar Gupta, the Chief Financial Officer, will step down citing personal reasons. Mukund Galgali, who has been with the group for over 17 years, will assume the role of acting CFO, a crucial managerial position within the company.
The Economic Times Tax parity for IFSC funds to help HNIs avoid US inheritance levy
Wealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City to attract HNI investors.
The Economic Times Former PTC India CMD Rajib Mishra to move SAT against Sebi's order
Mishra held office in PFS in the capacity of chairman and non-executive director and was also holding the position of Chairman and Managing Director of PTC India Ltd.
The Economic Times Direct tax mop-up rises 21 pc to Rs 4.62 lakh cr on higher corporate advance tax
The net direct tax collection of Rs 4,62,664 crore (as of June 17, 2024) includes CIT at Rs 1,80,949 crore and PIT (including Securities Transaction Tax) at Rs 2,81,013 crore, the Central Board of Direct Taxes (CBDT) said in a statement on Tuesday.
The Economic Times Som Distilleries & Breweries' child labour incident casts a cloud over India Inc's supply chains
Listed company SDBL in Bhopal rescued 58 children from child labour. Bachpan Bachao Andolan aided in rescue operation. While listed companies themselves rarely engage in child labour practices, they can become inadvertently connected to such practices through their supply chains. These issues predominantly involve smaller, unorganized entities in sectors like textiles, carpets, mining, firecrackers, and agriculture, where supply chains are intricate and challenging to oversee.
The Economic Times India Inc raises concerns over draft Digital Competition Bill
The Digital Competition Bill (DCB) has driven its inspiration from the European Union's Digital Market Act 2022.
The Economic Times Retro tax demand on online gaming companies may be quashed
As per the recommendation tax notices in cases where the lower tax was paid due to interpretation of law or lack of clarity can be quashed, people familiar with the development said. The law committee has suggested amendment to the Central Goods and Services Tax (CGST) Act, 2017 via the introduction of a new Section 11A in the legislation.
