Business News

India first imposed windfall profit taxes on July 1 2022, joining a growing number of nations that tax supernormal profits of energy companies.

New Delhi: REC Limited , a power sector Maharatna enterprise has signed an MoU with RVNL to finance upto         Rs. 35,000 Crore for Infrastructure Projects to be executed by RVNL over the next 5 years. These projects constitute multi…

It said the adoption of digital e-pay tax payment platform, TIN 2.0, on the e-filing portal throughout fiscal year 2023-2024 has streamlined the process.

The total tax demand includes Rs 365 crore as GST demand, Rs 404.8 crore as penalty and Rs 36 crore as interest.

The partnership will cover the entire spectrum of activities, including supply, installation, commissioning, and maintenance of OTN.

This is 9 per cent more than the total Income Tax Returns (ITRs) filed for 2022-23, the CBDT said in a statement.

During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth.

On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.

The government has raised the buffer stock target to 7 lakh tonnes for the 2023-24 fiscal, against the actual stock of 3 lakh tonnes last year.

Some players said they have witnessed room for revenue growth of 19 per cent in the year-end compared to the same period last year.

The RBI in May this year announced to withdraw Rs 2,000 denomination banknotes from circulation.

While the gold price remained volatile this year, it reached a new high of Rs 61,845 per 10 grams on May 4 in the domestic market and USD 2,083 an ounce in the global markets.

In the first week of February, Dell said it will lay off 5% of its workforce, about 6,650 employees globally.

OMCs are procuring ethanol to mix it with petrol as the government mandated the use of 20% ethanol blending in petrol in next two years.

In March 2023, Crypto entities were included as reporting entities under PMLA, and exchanges lauded it saying it the first step towards bringing formal regulations to the industry.

Some analysts believe equities will give double-digit returns over the next two-three years

Preferential lines refer to preferential access given via duty cuts as part of trade agreements between nations.

'पारदर्शिता और जवाबदेही सरकार के आदर्श हैं, जिन्होंने भारत को कभी पांच कमजोर अर्थव्यवस्थाओं में शुमार रहे देश से विश्व की पांचवीं सबसे बड़ी अर्थव्यवस्था बनाया'

Fitch Ratings predicts a profitability surge in FY25, projecting a 290 basis points improvement compared to FY23 levels.

Sanjoy Paul, program director, technology at Hero Vired, said, “In 2023, the global start-up ecosystem faced unprecedented challenges as funding reached an all-time low.