Latest News, Updates & Breaking Headlines
MUMBAI: A study of state finances by RBI shows that while the fiscal deficit of Indian states has widened modestly in recent years, funding patterns have become more market-driven and disciplined, with growth headroom differing sharply between younger and more mature states.The consolidated gross fiscal deficit of states peaked at 4.1% of GDP in 2020-21…
NEW DELHI: Amid outflows, foreign portfolio investors (FPIs) have sought a review of the taxes applicable on them, especially capital gains.Those familiar with the deliberations said the issue has been raised with market regulator Sebi as well as govt officials with certainty in tax policies being underlined repeatedly.Apart from high cost of trading in India…
MUMBAI: Chiefs of India’s consumer companies are seeking more tax cuts, wider measures to put money in the hands of the middle-class and support consumption, which has begun to look up after months of sluggishness but runs the risk of being buffeted by external macro factors. CEOs are also pinning hopes on the Budget to…
NEW DELHI: Ahead of the India-European Union free trade agreement – which is all set to be announced on Tuesday – all eyes are on several crucial sectors, where domestic industry has pitched for zero duty concessions to be able to compete more effectively with competitors, such as Bangladesh and Vietnam.Among the top asks is…
A massive winter storm disrupted air travel across the United States on Sunday, triggering widespread flight cancellations and delays at some of the country’s busiest airports and setting up what airlines warned would be a brutal travel day.The National Weather Service said late Saturday that widespread snow, sleet and freezing rain threatened nearly 180 million…
NEW DELHI: Realty major DLF and GIC joint venture DCCDL’s rental income rose 18 per cent to Rs 1,412 crore in the December quarter amid strong demand for premium office and retail spaces. DLF Cyber City Developers Ltd (DCCDL) rental income stood at Rs 1,193 crore in the year-ago period, according to DLF’s latest investors…
NEW DELHI: Centre on Sunday announced the Padma Awards for 2026 on the eve of Republic Day, conferring the Padma Bhushan on veteran banker and industrialist Uday Kotak for his exceptional contribution to the financial sector, a government statement said.The Padma Awards, among India’s most prestigious civilian honours, are given in three categories—Padma Vibhushan, Padma…
In a landmark judgement delivered on 23.05.2025 by a bench comprising of Justice Ujjal Bhuyan and Justice Abhay S. Oka, the Supreme Court reaffirmed that the maternity leave is not a favor or discretionary benefit given by the employer, but a legal right flowing from a woman’s reproductive rights. The court held that maternity leave…
India Inc is dialing back hiring of fresh graduates, especially those from science, technology, engineering and mathematics (STEM) backgrounds, as companies turn more selective and focuses on industry-ready talent.Around 200,000–220,000 STEM freshers were hired in FY25, but this number is expected to fall to a little over 150,000 in the current fiscal, according to a…
Old vs New Income Tax Regime (AI image) Each year the Budget speech is eagerly watched and listened to by the common man and middle class taxpayers, seeking answer to a simple query: will my tax burden reduce this year? Even finance ministers presenting the Budget are aware of the populist impact of their speech,…
