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New Tax Dispute Resolution Scheme Announced by Finance Minister Nirmala Sitharaman The Central Board of Direct Taxes (CBDT) has introduced the Direct Tax Vivad Se Vishwas Scheme, 2024, as announced by Finance Minister Nirmala Sitharaman during the Union Budget 2024-25. This scheme, effective from October 1, aims to resolve pending income tax disputes. Key Features…
Amazon and Flipkart’s Big Sales Spark Protests from Small Retailers in India Major e-commerce platforms like Amazon and Flipkart have announced their biggest sales of the year, leading to protests from retail trade bodies. The Confederation of All India Traders (CAIT) accuses these platforms of unethical practices, claiming that deep discounts harm small retailers. CAIT…
DRDO Transfers High-Altitude Tech to PGCIL for Ladakh’s Solar Power Project The Defence Institute of Physiology and Allied Sciences (DIPAS), a premier laboratory under the Defence Research and Development Organisation (DRDO), has transferred critical high-altitude sustenance technologies to the Power Grid Corporation of India Ltd (PGCIL). This transfer took place during an orientation workshop at…
India’s Horticulture Production in 2023-24 Total horticulture production in India for 2023-24 is projected to reach 353.19 million tonnes, a slight decline of 0.65% compared to the previous year’s 355.48 million tonnes. Despite this decrease, key sectors like fruits, spices, flowers, and medicinal plants are growing. Area and Production Estimates The Ministry of Agriculture and…
India’s Economy to Grow by $1 Trillion Every 1.5 Years, Says IDBI Capital Report A recent report by IDBI Capital highlights that India’s economy is set to add $1 trillion to its GDP every 1.5 years over the next six years. This rapid growth aims to position India as a $10 trillion economy by 2032,…
Piyush Goyal Meets South Korean and Myanmar Ministers to Boost Trade at East Asia Summit Union Minister of Commerce and Industry Piyush Goyal held important meetings with his counterparts from South Korea and Myanmar during the 12th East Asia Summit Economic Ministers’ Meeting in Vientiane, Laos. Meeting with South Korea Goyal met with Inkyo Cheong,…
India and Brazil Team Up for Green Energy and Biofuels India and Brazil have reaffirmed their collaboration in the energy sector, focusing on sustainable fuels like biofuels. During Union Minister Hardeep Singh Puri’s visit to Brazil, both nations emphasized the importance of the Global Biofuels Alliance in promoting biofuels for environmental sustainability and socioeconomic growth….
Foreign Portfolio Investment in India Drops Amid Market Volatility Foreign Portfolio Investment (FPI) in India saw a significant decline this week due to market volatility and concerns over potential US Federal Reserve interest rate cuts. According to data from the National Securities Depository Limited (NSDL), net FPI inflows into the Indian equity market fell to…
Qualcomm and Intel Discuss Potential Big Deal New Delhi [India], September 21: Qualcomm, a major chipmaker from San Diego, is in talks with its rival Intel about a possible acquisition, according to recent reports. Although no formal offer has been made, discussions have taken place, highlighting the possibility of a landmark deal between two of…
India’s Digital Payments Boom: UPI Transactions Reach New Heights The Union Finance Ministry of India has reported a remarkable increase in digital payments, with the total value reaching Rs 1,669 lakh crore in the first five months (April-August) of the current financial year 2024-25. The volume of digital payment transactions has also surged to 8,659…