Manufacturing accounts for around 17% of India’s gross domestic product. With frontloading of production to complete the pre-50% tariff exports, Purchasing Managers Index (PMI) for manufacturing sector rose to 59.3 in August as against 59.1 of July, S&P Global reported on Monday. Good news is that fresh job creation rose for 18 successive months, though pace was slow. The […]
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Taxpayers with undisclosed foreign assets worth up to ₹20 lakhs, excluding property, will not face penalty or prosecution under revised Black Money Act rules. The Income Tax Department has relaxed provisions under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA). Individuals with small-value foreign assets will not face […]
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Despite US-India trade tensions under Trump, tech giants like Meta, Amazon, Apple, Microsoft and Google remain strongly committed to India. These firms have collectively hired over 30,000 new employees from India in the past year, marking the most significant 12-month hiring growth in India for these tech giants in the last three years. Based on […]
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American consumer spending saw a rise in July, driven by income growth despite high prices. Globally, economic landscapes are shifting. Germany faced rising inflation, while France grappled with political instability. China aimed for increased public welfare spending. South Korea’s consumer confidence hit a seven-year high. Indian exporters sought Government support amid US tariffs. Bloomberg-US consumer […]
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