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The Economic Times
The Economic Times Modi 3.0: Growth sequel starring jobs, investment
The full budget, likely to be presented early in July, will detail specific measures toward this end. "The focus would be to promote labour-intensive growth that will create jobs, with continued emphasis on macroeconomic stability," a top government official aware of the details told ET. A host of measures on startups and taxation - including inverted duty structure correction, along with GST rate rationalisation - is under discussion, said the person cited above.
The Economic Times Navigating eco in uncertain world a challenge for new FM
The swearing-in of Narendra Modi's council of ministers raises the question of who will be the next finance minister, with speculation on whether Nirmala Sitharaman will retain her position at the finance ministry on Raisina Hill.
The Economic Times Banks ask RBI to ease liquidity rule to keep credit taps open
Indian banks are urging the industry regulator to relax the current liquidity coverage requirements. They believe easing these mandates will free up more funds for lending.
The Economic Times Commerce Min may seek more funds for startups in forthcoming Budget
Commerce Ministry considers requesting extra funds for startups in the Budget 2024-25 to support startups in various growth stages with a new scheme similar to the seed fund scheme that provided funding through incubators, in line with the Startup India initiative.
The Economic Times What to expect from NDA 3.0's budget
The new NDA government's budget aims for faster fiscal correction with higher growth and central bank profits to lower interest rates.
The Economic Times Realty hopes reforms, infra development continuity as Modi 3.0 takes charge
Industry players and experts are emphasizing the need for tax rationalization and reduced approval costs to foster a more conducive environment for investment and development.
The Economic Times Instant flour mixes for dosa, idli, khaman cannot be classified as sattu; to attract 18% GST
The Gujarat Appellate Authority for Advance Ruling has ruled that instant mixes like idli and dosa should be taxed at 18% GST, rejecting a company's plea for a 5% tax rate.
The Economic Times Unacademy cofounder and CTO Hemesh Singh quits edtech startup
Hemesh Singh, cofounder of Unacademy, transitions from CTO to advisory role after a decade. Singh's exit is the latest in a series of high profile exits from the edtech startup, which now primarily focuses on offline test preparation. Despite multiple layoffs, Unacademy reduced its net loss by 41% in fiscal 2023.
The Economic Times Look forward to bolder reforms: India Inc on Modi govt 3.0
Congratulating Prime Minister Narendra Modi for taking oath for the third time on Sunday, India Inc said it looks forward to "bolder reforms" and measures to foster economic development and lay the foundation for 'Viksit Bharat'. Narendra Modi was sworn in as Prime Minister at the Rashtrapati Bhavan here, becoming only the second PM after Jawaharlal Nehru to secure a third consecutive term.
The Economic Times Nirmala Sitharaman administered oath as Union Cabinet Minister by President Droupadi Murmu.
Nirmala Sitharaman administered oath as Union Cabinet Minister by President Droupadi Murmu.
The Economic Times Narendra Modi takes oath as PM for third straight term
PM Modi oath ceremony: Narendra Modi was sworn in as the Prime Minister of India for the third consecutive time on Sunday. The ceremony took place at Rashtrapati Bhavan in Delhi, where President Droupadi Murmu administered the oath of office.
The Economic Times White goods, FMCG imports failing to get custom-fit tag
White goods, chemicals, pharmaceuticals, and FMCG companies face import delays or higher duties as customs authorities scrutinize third-party invoicing at various ports. This practice, used for tax optimization, allows invoicing through a country different from the goods' origin and is permitted under FTAs. However, customs officials suspect abuse of FTA provisions, withholding consignments and denying lower duty benefits at ports like Nhava Sheva. Authorities demand differential duty payments and invoke rules addressing potential duty evasion through third-party invoicing, leading to potential supply disruptions.
The Economic Times Public sector banks pin hopes on new Govt for higher PLI for employees
Both bank unions and employee associations have been demanding a review of the existing PLI scheme and approval for a five-day banking week. "We are hopeful that our demands will be heard by the government and force the Indian Banks' Association (IBA) to revise the existing structure," said a union member, requesting anonymity.
The Economic Times Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore
Blackstone holds 55.45% in the Bengaluru-based company as of the end of March 2024 under the name of BCP TOPCO IX PTE, according to a BSE filing. Post the block deal, Blackstone's stake will drop to 40.4%, and will remain the largest shareholder in the company. The firm declined to comment on the stake sale.
The Economic Times IPOs of Flipkart, PhonePe could take couple of years: Walmart executive
Walmart's Flipkart marketplace and PhonePe digital payments platform could have IPOs in the next couple of years, as stated by Walmart's executive, Dan Bartlett.
