India’s increased import duties on gold, silver, and platinum have generated over ₹10,463 crore, amid efforts to curb smuggling and protect foreign exchange reserves, marking a significant shift in the country’s import policy. India’s higher import duties on precious metals…
Many Indian salaried workers find their EPF balances lower than expected, often due to nuances in employer contributions, withdrawal effects, and account activity, rather than missing funds. For salaried workers in India, the Employees’ Provident Fund is often treated as…
The Reserve Bank of India has held its repo rate steady for the fourth consecutive period, signalling a cautious approach amid rising inflation pressures and a cautious global monetary stance, while maintaining growth forecasts amid external uncertainties. The Reserve Bank…
Paying house rent in cash does not automatically disqualify claim for HRA exemption, provided taxpayers maintain a solid paper trail, says recent tax guidance and experts. Paying house rent allowance claims in cash does not, by itself, block an income…
Banks in Zurich, Singapore, and London are becoming increasingly cautious about issuing or renewing offshore credit cards for Indian residents due to the RBI’s 180-day remittance rule, impacting wealthy individuals and minors alike. Some offshore banks in financial centres including…
The Tamil Nadu government is intensifying efforts to convert its industrial estates from land parcels into operational manufacturing clusters, aiming to boost employment and economic growth by addressing infrastructure and regulatory bottlenecks. Tamil Nadu is stepping up an effort to…
State-run lender Bank of India is preparing to raise up to $1 billion through a medium-term note programme, leveraging a Reserve Bank of India scheme to attract non-resident Indian deposits and reduce borrowing costs amid stiff competition among public sector…
India’s e-way bill generation in July approaches a record high, reflecting sustained goods movement and economic resilience amid recent regulatory updates, with potential implications for GDP growth and tax collections. E-way bill generation in India rose 5.98% year on year…
Kolkata’s industrial and logistics warehousing stock has exceeded 24 million sq ft, cementing its position as the largest market in eastern India amid rising occupier demand, infrastructure investments, and expanding multimodal connectivity, according to a CBRE report. Kolkata’s industrial and…
India’s push to decarbonise industry highlights the rising importance of electrifying process heat in small and medium-sized factories, driven by environmental goals and energy security concerns amid global fuel shocks. India’s drive to cut industrial emissions is increasingly turning towards…
