Mr. Patra emphasized that India is already the world's fifth-largest economy in terms of market exchange rates and the third-largest economy based on purchasing power parity.
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Mr. Patra emphasized that India is already the world's fifth-largest economy in terms of market exchange rates and the third-largest economy based on purchasing power parity.
The Central Goods and Services Tax (CGST) department arrested three executives from Shemaroo Entertainment, namely CEO Hiren Gada, Joint Managing Director Atul Maru, and Chief Financial Officer Amit Haria, on Thursday. They stand accused of unlawfully claiming Input Tax Credit (ITC) amounting to Rs 70.25 crore.
The Indian government has taken the decision to restrict the import of laptops, tablets, and personal computers with immediate effect. Importers will now be required to obtain a valid license for restricted imports in order to bring in these electronic devices into the country. The notification to this effect has been issued by the Ministry of Commerce and Industry.
A team of Asia strategists at Morgan Stanley raised India's rating based on several factors. They noted that relative valuations for India are now "less extreme" compared to the situation in October last year. Additionally, they highlighted the positive impact of India's reform and macro-stability agenda, which is supporting a robust outlook for capital expenditure (capex) and profits in the country.
The total number of ITRs for assessment year 2023-24 filed till July 31, 2023 is more than 6.77 crores. Broke all the records of last year.
During the G20 EMPOWER summit held in Gandhinagar, Union Minister for Women and Child Development and Minority Affairs, Smriti Irani, highlighted the significant changes in the perception of women brought forth by India's G20 Presidency. Summit saw the participation of over 263 domestic and 70 international delegates.
This time there has been a huge cut of Rs 100 in the price of commercial LPG cylinder. While there was a marginal increase of Rs 7 in the 19 kg LPG cylinder in July, a big relief has been given by a reduction of Rs 100 this month.
According to the purchasing managers' index (PMI) issued by China's statistics agency and an industry group, there was a slight improvement in July, with the PMI rising to 49.3 from June's 49 on a 100-point scale. However, the index remained below the critical 50-point level, which indicates that manufacturing activity is still contracting.