Gireesh Chandra Prasad

In an interview to Mint, Agarwal downplayed the government's concerns that private sector salaries were not keeping pace with their multi-year-high profitability, saying that the need to retain talent ensures salary increments in the private sector.

Registrars of Companies across the country issued as many as 131 adjudication orders, mostly imposing penalties for the alleged breaches, against Nidhi companies in calendar year 2024, about 72% more than last year's 76 notices.

India has scrapped a policy allowing duty-free imports of equipment for solar power generation, citing concerns over revenue losses.

Regarding the state’s efforts to make it big in the IT sector, the chief minister said that West Bengal has set up ‘Bengal Silicon Valley’, offering 200 acres of land.

Tax buoyancy has helped states in allocating greater funds for building assets like highways, bridges and other facilities but they need fiscal consolidation road map

A ministerial group led by Bihar deputy chief minister Samrat Chaudhary is expected to make its recommendations to the GST Council for tax rate changes on Saturday.

Punjab and Kerala sought special financial packages including more loans, grants, and borrowing flexibility

The GST Council, led by Finance Minister Nirmala Sitharaman, has exempted costly cancer gene therapy and bank penal charges from GST. It also clarified tax rates on popcorn and used vehicles, promoting electric vehicle sales and simplifying registration for small businesses.

The Council's decision to shift the onus of remitting tax on sponsorship deals from the donor is set to enable the latter to lower its overall tax liability

Amid EU's carbon tax and slowing consumption in Europe, a silver lining is the border disengagement with China this year