Month: May 2024

S&P upgrades outlook on India’s sovereign rating to ‘positive’

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S&P Global Ratings raised India’s sovereign rating outlook to ‘positive’ from ‘stable’ while retaining the rating at ‘BBB-’, saying that the country’s robust economic expansion was having a constructive impact on its credit metrics and growth momentum over the next two to three years. India’s marathon national election lasting six weeks to be counted on […]

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Cash Deposit Limit in Saving Account as Per Income Tax Act

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The cash deposit limit in savings accounts refers to the maximum amount of cash that an individual can deposit within a specified period without attracting the attention of tax authorities. This limit is set by income tax regulations to monitor and regulate the flow of cash transactions, curbing the potential for money laundering, tax evasion, […]

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Mobile users can expect relief from ‘spoof international calls’

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New Delhi: The department of telecommunications (DoT) and mobile operators devised a system that can identify and block spoof international calls showing up as Indian numbers. Through this, the government and telcos are seeking to give relief to mobile users who have been getting such calls from cyber criminals posing as police officials, courier company […]

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Ecommerce fails to click for firms in Q4 as sales dip across segments

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The March quarter witnessed a slowdown in online consumption across segments such as electronics, wearables and beauty products, as flagged by multiple listed companies and industry trackers. For the fourth quarter, logistics firm Delhivery said its express parcel shipments, a proxy for ecommerce delivery volumes, declined 13% sequentially to 176 million. Cofounder and chief executive […]

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Cost inflation index for FY25 higher than last fiscal’s

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The income tax department has notified the cost inflation index (CII) for FY25, relevant to assessment year 2025-26, at 363, which is higher than 348 for FY24, and 331 for FY23. The CII is a tool used to measure inflation for computing long-term capital gains on the sale of assets, including immovable property, securities and […]

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INTERACTIVE MEETING WITH IAS, SECRETARY, DPIIT

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Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India & Federation of Indian SME Associations had met Mr. Rajesh Kumar Singh IAS, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India and Chairman, National Industrial Corridor Development Corporation Limited (NICDC) to present suggestions and Grievances […]

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Audi India launches Q7 Bold Edition at Rs. 97.84L

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Audi has introduced the Q7 Bold Edition in India, with a price tag of Rs 97.84 lakh (ex-showroom). Following the recent launch of the Q3 Bold Edition, the limited run Q7 variant is now available in four additional exterior colors: Glacier White, Mythos Black, Navarra Blue, and Samurai Grey. The Audi Q7 Bold Edition features […]

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Commerce ministry’s draft strategy to negotiate future FTAs to be circulated among key departments soon

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The commerce ministry has prepared a draft comprehensive strategy for negotiating future Free Trade Agreements (FTAs) and it will be circulated to certain key departments soon to get their feedback, an official said. The draft strategy in the form of a Standard Operating Procedure (SOP) was recently discussed in a meeting involving former commerce secretaries, […]

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India to be $1 trillion digital economy by FY28: IT minister Rajeev Chandrasekhar

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India’s digital economy is growing at 2.8% per annum and is expected to reach $1 trillion by 2027-28. The IT Minister said that the value of the India AI mission will be doubled to Rs 20,000 crore from Rs 10,000 crore. The Government earlier expected India to reach the $1 trillion-mark by 2026-27 but the target has been […]

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