Govt employees clock fewer hours than corporate workers: EAC-PM Report
Amidst debate on working hours, a working paper from Economic Advisory Council to the Prime Minister (EAC-PM) has said that government employees work much less than corporate employees. The paper has been prepared by Shamika Ravi, member of the EAC-PM. She has used time-use data (published in 2019) in the
IBC cases slow down as banks reconsider recovery approach
The Insolvency and Bankruptcy Code (IBC), once hailed as a transformative resolution mechanism, is witnessing a slowdown in case admissions, with banks showing reluctance to tap this channel for recoveries. While the IBC remains the dominant tool for resolving distressed debts, delays in case admissions and diminishing recovery percentages are
India-Mauritius DTAA: Supreme Court stays Delhi High Court ruling on Tiger Global
Supreme Court on Friday stayed a decision by the Delhi High Court in the matter of Tiger Global with reference to India-Mauritius Double Taxation Avoidance Agreement (DTAA). Experts feel this could bring uncertainty for foreign investors. A division bench of Justices J B Pardiwala and R Mahadevan said that the
India’s business growth hits 14-month low in January, PMI shows
India’s business activity grew at the slowest pace in over a year in January, a survey showed, highlighting emerging cracks in its world-beating economic growth at start of 2025 although firms hired new staff at a record pace. The services industry is the major engine of Asia’s third-largest economy and
AMG Green Power and ORIX seek CCI nod for stake realignment in Greenko Energy
In a significant development for the renewable energy sector, AMG Green Power B.V. (AMG Power) and ORIX Corporation (ORIX) have approached the Competition Commission of India (CCI) for approval of a proposed transaction involving Greenko Energy Holdings (GEH) and AM Green (Luxembourg) S.À.R.L. (AMG Lux). The transaction aims to realign
CTC prices at Kochi auctions gain on blenders’ demand
A strong demand from blenders pushed up CTC dust prices at Kochi tea auctions with a ₹2 increase in average price realisation this week. All blenders together absorbed 59 per cent of the 6,52,759 kg of CTC in sale 4, witnessing a strong demand. The market was steady to firm
SC rejects PIL seeking to scrap TDS system, calls it ‘badly drafted’
The Supreme Court on Friday refused to entertain a PIL seeking to declare that the Tax Deducted at Source (TDS) system is “manifestly arbitrary, irrational and violative of various fundamental rights”. A bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar declined the plea filed by advocate
Salam Kisan signs pact with Maharashtra government and Microsoft at World Economic Forum
Salam Kisan (PRYM Solutions) has signed a memorandum of understanding (MoU) with the Maharashtra government and Microsoft to democratise agricultural drone technology. A media statement said this MoU, which was signed at the World Economic Forum 2025, directly addresses the accessibility and affordability barriers that smallholder farmers face in India.
Non-liable businesses can now get temporary identity under GST, notifies CBIC
Central Board of Indirect Taxes and Customs (CBIC) has notified the mechanism for businesses to get a temporary identification number under GST, even if the said entity is not required to do so. It has also announced the waiver of excess of late fee for FY 17-18 to FY 22-23
PR industry in India to grow to ₹4570 crore by FY 2030: PRCAI
Outpacing global growth trends, the PR industry in India touched the ₹2500 crore mark in FY 2023, up 19 per cent year-on-year, and is poised to grow to ₹4570 crore by FY 2030 with a compounded decadal CAGR of 12.8 per cent, a report by the Public Relations Consultants Association