For the first time, private industry in India accounts for over half of national R&D expenditure, reflecting a major shift in the country’s scientific investment priorities amid concerns over overall spending and research capacity. India’s research and development landscape has…
India introduces a framework allowing foreign-owned e-commerce companies like Amazon and Flipkart to use inventory-based models for exports, aiming to boost outbound trade while maintaining domestic retail restrictions. India has notified a framework that will allow foreign-owned e-commerce companies such…
India’s 16th Finance Commission recommends maintaining States’ share at 41%, while prioritising performance, fiscal discipline, and compliance, sparking debate over the balance between efficiency and equity in Centre-State transfers. India’s 16th Finance Commission has kept the States’ share in the…
Multi Commodity Exchange of India Ltd reports an 88.2% increase in revenue and a doubling of net profit in the June quarter, driven by a surge in derivatives and options trading amid rising market volatility. Multi Commodity Exchange of India…
Taxpayers with business or professional income now have until August 31, 2026, to file their income tax returns, extending the deadline for eligible individuals and easing compliance amid varying reporting requirements. The tax-filing season has reached a key deadline, and…
The Tamil Nadu government has launched a public consultation to explore innovative avenues for boosting the state’s finances, involving experts and citizens in shaping a more self-reliant fiscal future. The Tamil Nadu government has opened a public consultation on ways…
The Income Tax Appellate Tribunal’s decision may alter the tax treatment of ESOP buybacks in India, especially post-acquisition or restructuring, affecting startups and employees alike. The Income Tax Appellate Tribunal in Bengaluru has ruled that gains from the repurchase of…
India’s services economy expanded at its slowest pace since February 2022 in July, reflecting softer demand and ongoing challenges, despite positive business confidence and export gains. India’s services economy lost momentum in July, with a private survey showing the sector…
A parliamentary report calls for swift conclusion of India’s trade pact with the US, emphasising the need for protection against future tariff shocks and technical barriers to ensure stable export growth amid ongoing negotiations. India should conclude its proposed trade…
Finance Minister Nirmala Sitharaman announces plans to lower customs duties on most goods to single digits by 2027-28, as part of ongoing efforts to simplify India’s tax system and boost manufacturing linkages with fiscal discipline. Finance Minister Nirmala Sitharaman said…
