They are not just underreporting income; they are reshaping what the income tax system perceives. There have long been heated debates about the progressive nature of personal income tax (PIT) and the regressive traits of India’s indirect tax system,
The high value Rs 2000 notes worth Rs 6,266 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data. Photograph: PTI Photo from the Rediff Archives The Rs 2000 banknotes continue
India’s forex reserves increased $1.98 billion to $688.13 billion during the week ended April 25, the RBI said on Friday. Illustration: Dado Ruvic/Reuters This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion
BSE benchmark index Sensex ended 260 points higher on Friday amid optimism surrounding a potential India-US trade deal, record high GST collection in April, and continuous foreign fund inflows. Photograph: Savita Kirloskar/Reuters Moreover, a firm trend in global markets also
Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars. Photograph: Chris Helgren/Reuters The Nasdaq-listed
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, which the government said shows resilience of the Indian economy and the effectiveness of cooperative federalism. Illustration:
Global tech major Adobe Systems’ chief executive Shantanu Narayen on Thursday said creativity, and not software code, will be the main driver of India’s economy in the future. IMAGE: Shantanu Narayen, CEO, Adobe. Photograph: Kind courtesy, Brian Cummings Photography/Wikimedia.org Speaking
India’s versatile media and entertainment industry can grow more than three-fold to $100 billion in the next decade, creating millions of jobs and a ripple effect across sectors, billionaire Mukesh Ambani said on Thursday. IMAGE: Reliance Industries chairman Mukesh Ambani
The Reserve Bank of India (RBI) has approved IndusInd Bank’s request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO
Amid the ongoing controversy in Maharashtra over Ola Electric stores operating without a trade certificate, sources at the Bengaluru-based electric two-wheeler manufacturer said the company is currently transitioning from a centralised warehouse model to a retail-focused approach. Photograph: Courtesy, Ola
