Anuradha Shukla is a Senior Assistant Editor at The Quint. She specializes in themes related to energy and mining, finance, investment, and health and wellness, often exploring the intersections of these fields. Anuradha's insightful work has been featured in prominent publications including The Economic Times, MSN, and MDPI.
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India (National)
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Anuradha Shukla's coverage indicates a focus on taxation, government policies, finance, and business within India. She appears particularly interested in government announcements and legal policy regulations related to taxation.
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The updated production-linked incentive (PLI) scheme for mobile phones may target domestic value addition of more than 55%, officials told ET.
By: Anuradha Shukla, Subhayan Chakraborty
In a bold move to reshape the electronics industry, India is enhancing its mobile phone production incentives with a focus on achieving over 55% domestic value addition. The new plan emphasizes local component manufacturing, effectively reducing the reliance on imports of key parts.
By: Anuradha Shukla, Subhayan Chakraborty
The new plan emphasises local component manufacturing, effectively reducing the reliance on imports of key parts.
Two major Indian public sector companies, BHEL and SAIL, face a one-year deadline to improve their financial performance. Failure to meet profit targets could see them demoted from Maharatna to Navratna status. This move signals a stricter approach to corporate governance and financial accountability for state-owned enterprises. The government is reviewing criteria for these prestigious statuses.
By: Anuradha Shukla
Central agencies can now ban contractors from government projects for failing to pay worker wages or social security contributions. Repeat offenders may face a total ban, with the Department of Expenditure holding final authority on cross-government debarments. This aims to protect workers and ensure uniform enforcement.
India is set to decide on extending customs duty relief for critical raw material imports beyond June 30. An inter-ministerial panel will review easing import curbs on key inputs and consider fresh duties on certain locally manufactured electronics. The government is also evaluating duty cut requests from the pharmaceutical and steel sectors.
The Finance Ministry will soon meet with states and central ministries to assess the economic and fiscal impact of El Nino. This review will focus on potential stress on agriculture, food inflation, and increased subsidy outgo. The government is preparing relief packages for vulnerable districts. This proactive approach aims to ensure adequate supplies and mitigate inflation spikes.
By: Sugata Ghosh, Anuradha Shukla
Indian financial authorities are examining large over-the-counter cryptocurrency trades. The Financial Intelligence Unit is requesting data from major crypto exchanges for transactions exceeding $10,000. This move aims to combat money laundering and track beneficial owners. These off-market deals are insulated from price volatility. The focus is on ensuring transparency and preventing illicit activities within the digital asset space.
The communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Research and Analysis by July 31.
While the Commission hasn't yet finalised its recommendations, early discussions suggest that the fitment factor could remain close to the 2.57 multiplier adopted by the Seventh Pay Commission, even as employee unions continue to push for a higher revision.
