Category: Economy
Number of billionaires grows 4-fold in five years to 576 in AY’26: Income tax return data
New Delhi: As many as 576 individuals have reported a gross total income of Rs 100 crore or more in their income tax returns in…
India’s engineering exports climb 21% to $11.48 bn as China demand surges 74%
India engineering exports record strong June growth despite Red Sea and Strait of Hormuz disruptions India’s engineering exports rose 21% year-on-year to $11.48 billion in…
India begins to China-proof its infra push after the TBM shock
The delay in the delivery of German tunnel boring machines (TBMs) from China last year was a reminder that India’s massive infrastructure ambitions remain tied…
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 record
India’s efforts to attract foreign capital have drawn in $32 billion so far, RBI Governor Sanjay Malhotra said in a media interview, with the bulk…
RBI to hold rates through 2026 as growth risks outweigh inflation: Poll of economists
Bengaluru: The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according…
Trilateral critical mineral deals, wider air pact key to India-UAE ties ahead, says UAE Minister
Ahmedabad: India and the UAE could look to deepen their strategic partnership beyond bilateral trade by jointly investing in third countries, particularly in critical minerals,…
Steps likely to safeguard FCV tobacco farmers
New Delhi: The government is examining appropriate measures to safeguard the interests of flue-cured virginia (FCV) tobacco farmers, the commerce and industry ministry said Sunday,…
Global wheat rally revives India’s export prospects as government allows 5 million tonnes of wheat exports after a four-year ban
As global wheat futures (CBOT) have rallied by more than 14% during the last one month, Indian exporters have started getting enquiries from Bangladesh for…
Crypto exchanges to collect tax residency, ID details of users under new CBDT framework
New Delhi: India has aligned its cryptocurrency reporting rules with the OECD‘s global framework, requiring crypto exchanges and other digital asset intermediaries to collect users’…
Tax filers scramble to fix foreign asset disclosures: I-T portal data & SMS alerts prompt review of overseas holdings before July 31
As the tax filing deadline nears, many are treading a minefield of rules on foreign assets, the details of which were uploaded to taxpayers’ Income…