Category: Economy
Taxman’s JAARing move opens fresh debate over Mauritius treaty
Mumbai: In an unsettling decision, the Indian tax office has invoked the Judicial Anti Avoidance Rule (JAAR) to deny treaty benefits to a few Mauritius…
NITI seeks easier access to geological data, capital for small exploration companies
New Delhi: The government should improve access to geological data, risk capital and fiscal support for junior exploration companies, while expanding private participation in exploration…
CBIC cuts paperwork in deferred customs duty scheme to boost MSME participation and ease cash flow
New Delhi: The central board of indirect taxes and customs (CBIC) is cutting paperwork and starting outreach programmes to get more manufacturers, particularly MSMEs, to…
NITI Aayog VC defends UPI merchant fee, says businesses must be self-sustainable
NITI Aayog Vice Chairman Ashok Kumar Lahiri on Wednesday defended the government’s decision to impose a merchant discount rate (MDR) on UPI transactions, saying businesses…
India considers cutting vegetable oil import taxes as prices climb
New Delhi: India, the world’s biggest vegetable oils importer, is considering lowering import taxes on the commodities to try to curb food inflation, two government…
EPFO wage ceiling hike may cover up to 1 crore more workers: Union Minister Mansukh Mandaviya
Union Labour and Employment Minister Mansukh Mandaviya on Wednesday said raising the EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month could bring…
Reforms improved India’s competitiveness, strengthened resilience: CII’s R Mukundan
MUMBAI: A combination of reforms spanning taxation, infrastructure, manufacturing, insolvency and digital public infrastructure has improved India’s competitiveness, lowered logistics and transaction costs and strengthened…
Finance Ministry rejects foreign influence claims over UPI MDR, says India’s digital payments decisions are made independently
The finance ministry on Wednesday rejected claims that foreign pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above…
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Travis Kelce among victims of India-born man’s $35 million Ponzi scheme; gets 11 years in US jail After an intense legal battle, Siddharth Jawahar, founder…
Small exporters get compliance relief as govt removes RCMC requirement for shipments up to Rs 3 lakh
New Delhi: The government has removed the requirement of Registration-cum-Membership Certificate (RCMC) or Certificate of Registration for export consignments with a Free-on-Board (FOB) value of…