Gujarat crossed the 20 lakhs Udyam MSME registration mark on Friday, making it the fifth in the country in terms of total registrations. Maharashtra, Tamil Nadu, Uttar Pradesh and Rajasthan are ahead of Gujarat. Out of 20 lakhs, Gujarat has 19.10 lakhs micro, 81,841 small and 8,460 medium units. Gujarat is ranked second after Maharashtra […]
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The Company registrations decreased by almost 11% year-on-year in July, following a 12% increase in June. A total of 14,887 companies, including foreign firms, were incorporated in July, against 16,698 a year ago. With this, company registrations saw year-on-year decline in three out of the first four months of this financial year, after a surge […]
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The Income Tax Department has announced a critical deadline for taxpayers you must verify your Income Tax Returns (ITR) within 10 days of filing to ensure your returns are processed correctly. This verification step is essential for the completion of the filing process. Taxpayers are given a 10-day window to verify their Income Tax Returns […]
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Ola Electric experienced a significant 4% rise in its share price after receiving approval for the Production Linked Incentive (PLI) scheme for two new electric vehicle (EV) models. This approval from the Indian government is part of its broader strategy to promote domestic manufacturing and boost the electric mobility sector. The PLI scheme is designed […]
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Global economic slowdown Global economic activity is experiencing a broad-based and sharper-than-expected slowdown. Supply Chain Disruptions: Events such as the COVID-19 pandemic and geopolitical tensions have highlighted vulnerabilities in global supply chains. India, as a major player in manufacturing and services, is impacted by these disruptions, which can affect its export and import patterns. Digital […]
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The Reserve Bank of India (RBI) has put to rest the debate over a proposal to ignore the food price spirals, while taking policy rate decisions. RBI Governor, Mr. Shaktikanta Das is very candid in saying that the monetary policy committee cannot ignore the persistently high food prices, since it impacts the consumer the most […]
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India’s net direct tax collection, with refunds adjusted, grew 22.5% to Rs 6.93 trillion between April 1 and August 11 of FY25. In the same period last year, tax collection was at Rs 5.65 trillion, according to the Income-Tax (I-T) Department’s latest data released on Monday. Of the tax mop-up, personal income-tax (PIT) outpaced corporation tax. […]
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The second Special All-India Drive may be launched by all Central and State Tax administrations from August 16 to October 15, 2024, to detect suspicious or fake GSTINs. Central and State GST officers will launch a pan-India special two-month drive against fake registration beginning August 16, the CBIC said on Monday. This is the second […]
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In the use-based category, consumer durables output growth ebbed to a six-month low of 8.6% in June, while that of consumer non-durables growth declined to (-)1.4% from 2.5% in May. India’s factory output growth, as measured by the Index of Industrial Production (IIP), moderated to a five-month low of 4.2% in June from 6.2% in […]
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Favorable base, sequential decline in vegetable prices key reasons. Retail food inflation dropped sharply to a thirteen-month low to 5.42% in July, compared to 9.36% in June largely because of base effect, while prices of pulses and cereals prices continued to be at elevated levels. The consumer food price index (CFPI) rose by 2.81% sequentially […]
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