Changes introduced in April 2023 mean that debt mutual funds bought after this date are taxed as short-term gains at the investor’s slab rate, marking a significant shift from previous long-term tax benefits, unsettling investors accustomed to indexation advantages. Debt…
Despite years of promoting self-reliance, India’s imports from China have surged, intensifying its reliance on Chinese goods and widening the trade deficit, raising questions over the pace of economic transition. India has spent years pitching Make in India, Atmanirbhar Bharat…
The Calcutta High Court intervened in a tax dispute involving Ajitnath Suppliers Pvt Ltd, emphasizing that procedural payments cannot block access to justice, and criticising the tribunal’s punitive approach for enforcing costs. The Calcutta High Court has said tax procedure…
Iran aims to restart the dormant Iran-India Joint Trade Working Group and broaden financial and maritime links, despite ongoing sanctions and payment restrictions, as both nations seek to bolster commercial ties. Iran is pushing to revive a dormant trade mechanism…
Odisha has secured commitments exceeding Rs 43,000 crore from 27 companies to develop its food processing sector, signalling a strategic shift towards value-added agriculture and economic expansion beyond mining. Odisha has drawn investment commitments worth Rs 41,748 crore from 27…
Parliamentary scrutiny reveals India’s dependence on imported liquefied natural gas is rising rapidly, prompting calls for increased domestic production and infrastructure development to ensure energy resilience. India’s dependence on imported liquefied natural gas has become a sharper policy concern as…
The Greater Chennai Corporation has mandated employers to deduct professional tax from August salaries and remit the funds by September 30, as part of its intensified tax enforcement strategy within the city. The Greater Chennai Corporation has told employers across…
Indian residents seeking exposure to US stocks face a variety of routes, ranging from direct ownership to mutual funds, each with distinct control, paperwork, and tax considerations amid a shifting regulatory backdrop. Indian residents have several legitimate ways to gain…
NITI Aayog’s newly launched Investment Friendliness Index offers foreign investors a detailed guide to India’s diverse investment landscape, emphasising the importance of localisation and regional strengths for strategic decision-making. NITI Aayog’s new Investment Friendliness Index is designed to give foreign…
As India sets its sights on becoming a ‘Viksit Bharat’ by 2047, experts highlight the challenges of scaling GDP, fostering inclusion, and ensuring sustainable development to truly transform the nation. India’s push to become a “Viksit Bharat” by 2047 is…
