IMF, World Bank need to give emerging economies prominent role in decision-making processes: Shaktikanta Das, ETCFO
Reserve Bank of India (RBI) Governor Shaktikanta Das highlightwhile addressing the Macro Week 2024 event in Washington called on global organisations such as World Bank and International Monetary Fund (IMF) to provide prominent role in decision-making processes to emerging economies. Das pointed out that institutions like the International Monetary Fund
Pre-paid vouchers constitute supply of ‘goods’, taxable at 18%, rules UPAAR
Pre-paid vouchers can be treated at par with Sodexo vouchers or gift vouchers issued by Kalyan Jewellers and accordingly will attract GST at the rate of 18 per cent, Uttar Pradesh’s Authority for Advance Ruling (UPAAR) has ruled. “Supply of vouchers by the applicant are taxable at the rate of
Corporates can file ITR for FY25 till November 15
The Income Tax Department has extended the due date for filing returns by corporates and individuals whose accounts need to be audited to November 15. “The Central Board of Direct Taxes (CBDT), in exercise of its powers under section 119 of the Income-tax Act, 1961, extends the due date of
Soft landing of global economy is increasingly a possibility: Nirmala Sitharaman, ETCFO
A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said Friday. Observing that better days are ahead primarily because of the coordinated action between countries and multilateral financial institutions, the finance minister at the
Global Livestock Conclave to be held in Wayanad from Dec 20
The Global Livestock Conclave, organised by Kerala Veterinary University with a focus on comprehensive development and productivity in the dairy and livestock sectors, has officially launched their website and brochure in Kochi. The website was launched by Pradeep Kumar, Vice Chancellor of Kerala University of Fisheries and Ocean Studies (KUFOS)
IMF says India’s GDP growth to moderate to 7 pc in 2024 and 6.5 pc in 2025, ETCFO
India’s GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday. About
Religare Enterprises clarifies IRDAI’s no-objection letter not a final regulatory nod for Burman family’s open offer
Religare Enterprises Ltd (REL), currently at the centre of a corporate control tussle, asserted on Friday that IRDAI’s recent no-objection letter to the Burman family’s open offer for REL shares should not be interpreted as regulatory approval for the proposed acquisition of the diversified financial services group. This clarification aims
India wouldn’t be fastest-growing economy if people hadn’t utilised digital infrastructure: Nirmala Sitharaman, ETCFO
Finance Minister Nirmala Sitharaman stated that India wouldn’t have been the fastest-growing economy if the people hadn’t utilized the digital infrastructure. The minister emphasized the role of digital infrastructure in making India one of the fastest-growing economies. “Today, India wouldn’t have been the fastest-growing economy if the people hadn’t utilized
RBI deputy governor, CFO News, ETCFO
India’s GDP growth is projected at 7.2 per cent in 2024-25, around 7 per cent in the next fiscal, and after that, there is a strong likelihood that the growth will revert to the 8 per cent trend, said Reserve Bank of India deputy governor Michael Debabrata Patra. He was
Govt to soon come out with battery-swapping guidelines for electric buses/cars
The government is finalising battery swapping guidelines for electric buses and cars, in addition to two and three wheelers which are already functional in some of the cities. The Ministry of Heavy Industries (MHI) will take the proposal to the Prime Minister Office (PMO) in the next fortnight for approval.