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The Economic Times CBDT recovers Rs 35,500 crore in tax dues in H1, aims for Rs 1 lakh crore by year-end

CBDT has made significant progress in recovering tax dues, collecting Rs 35,500 crore in the first half of FY 2024-25, with plans to target Rs 1 lakh crore by year-end.

The Economic Times India clocks 12 pc rise in deal volume in Jan-Oct, China sees 23 pc decline

India saw 11.9 per cent increase in deal volume (year-on-year) in the January-October period, bucking the overall trend in the Asia-Pacific region, a new report has said.

The Economic Times India has embarked on new journey and goal is to build 'Viksit Bharat': PM Modi

During his visit to Nigeria, Indian Prime Minister Narendra Modi addressed the Indian diaspora, highlighting India's achievements over the past decade. He emphasized India's economic growth, emergence as a global leader, and ambitious goals, including becoming a USD 5 trillion economy and sending Indians to space.

The Economic Times Indian economy capable of handling global shocks: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the Indian economy is strong enough to handle any adverse fallout from global events.

The Economic Times PM Modi heads for G20 meet, looks forward to 'meaningful talks'

Prime Minister Narendra Modi embarked on a three-nation tour, starting with Nigeria, followed by the G20 summit in Brazil, and concluding with a visit to Guyana for the India-CARICOM summit. The trip aims to strengthen bilateral ties, engage with the Indian diaspora, and foster cooperation on shared priorities.

The Economic Times ICAI moves T’gana high court against YSRC MP Vijaya Sai

ICAI through its disciplinary committee is looking into the allegations of the role played by Vijaya Sai as an auditor-member of the institute in extending the service of an auditor to the companies floated by Andhra Pradesh former chief minister YS Jagan Mohan Reddy.

The Economic Times Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

The Income-Tax Department issued a reminder to taxpayers, warning that failing to disclose foreign assets and income in their tax returns could result in a significant penalty of Rs 10 lakh. This advisory is part of a campaign to ensure compliance with reporting requirements for foreign holdings, even for those with incomes below the taxable limit.

The Economic Times CAG played key role in fostering accountability, transparency and good governance: Speaker Om Birla

Birla noted that CAG has not only transformed its auditing systems but has also introduced new innovations which have ensured that its work is marked by credibility and authenticity.

The Economic Times Want to make Air India world class, with an Indian heart, says CEO Campbell Wilson

Air India has officially merged with Vistara, aiming to establish a world-class airline. The merger, completed in just over two years, will see Air India adopting Vistara's operational practices and standards to enhance customer experience and achieve operational and financial robustness.

The Economic Times Municipal corporations need to impose adequate user charges to provide better facilities: RBI report

"MCs can significantly enhance them (non-tax revenues) by applying appropriate and adequate fees and user charges for essential services such as water supply, sanitation, and waste management while also ensuring seamless availability of high-quality public services," it said.

The Economic Times State of the Economy: How macroeconomic indicators performed in October 2024?

India saw Industrial production grew by 3.1%, the PMI climbing to 57.5. FPI showed a net outflow of ₹96,358 crore, merchandise exports at 19.08%, GST revenue at Rs 1.87 lakh crore and inflation increased to 6.21% in the month of October.

The Economic Times Hindustan Zinc Limited faces ₹1.08 Crore penalty over Input tax credit dispute

Hindustan Zinc Limited was ordered to pay ₹1,08,43,938 in penalties and interest for input tax credit discrepancies in FY 2020-21. The company plans to appeal the decision, believing it will not have a significant financial impact.

The Economic Times Scripting India's manufacturing revival: GST rationalisation, strengthening of IBC & NCLT on agenda to improve EoDB

“Exports are INR 4 lakh crore already, mostly through mobile and through Apple,” Singh said. “So, some sectors have moved much faster, mobiles in particular.”

The Economic Times Dr Reddy's, FDC recall products in US for manufacturing issues

Dr Reddy's Laboratories and FDC Ltd issued voluntary recalls for medications in the US market due to manufacturing defects. Dr Reddy's recalled lots of Morphine Sulfate extended-release tablets due to failed impurity specifications, while FDC Ltd recalled Timolol Maleate ophthalmic solution due to defective containers hindering solution dispensing.

The Economic Times Tata Electronics seals deal for 60% stake in Pegatron Tamil Nadu iPhone plant

The people said, with the joint capacities of both the Wistron and the Pegatron facilities, along with the expansion Tata is undertaking at its Hosur facility, the company’s capacity may increase to be at par or almost at par with that of Taiwan’s Foxconn, which currently makes the most number of iPhones in India.

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