Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax architecture driven by formalisation, digitisation and stronger compliance, according to a report by JM Financial Institutional Securities.
The US inflation is expected to stay above the 2 per cent target through 2026, driven by supply-side effects of tariffs and exchange rate movement, report said
Future Consumer, which reported a severe liquidity crunch in the June quarter, has defaulted on debt servicing obligations of ₹558.73 crore, including interest
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This is a very complicated relationship. President (Donald) Trump or Prime Minister (Narendra) Modi have very good relationships at that level. And it's not just over the Russian oil, says U.S. Treasury Secretary Scott Bessent
The UIDAI is collaborating with the Department of School Education and Literacy to facilitate mandatory Aadhaar biometric updates for children aged 5-15. UIDAI CEO Bhuvnesh Kumar has urged states and UTs to organize special camps in sch ...more
According to the EY report, based on IMF projections, India's economy could reach $20.7 trillion (PPP terms) by 2030, better placed than the US, China, Germany, and Japan. Among the largest economies, India stands out with a median age of 28.8 years in 2025 and the second-highest savings rate.
By 2030, India’s PPP GDP could touch USD 20.7 trillion, driven by high savings, strong investments, favourable demographics, and a sustainable fiscal position
The company's board also approved the re-appointment of Shashi Shekhar as Vice-Chairman and Whole-Time Director on the recommendation of its Nomination and Remuneration Committee
Effective August 27, the tariff will impact sectors including textiles, gems & jewellery, shrimp, leather, footwear, chemicals, and machinery.
Barclays warns that US President Donald Trump's 50% tariffs pose a 'serious threat' to 70% of India's exports to the US. While smartphones and pharmaceuticals are currently exempt, key sectors like electrical machinery and gems & jewell ...more
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