Subsequently, the company received the High Court’s order on August 19, granting approval to the Writ Petition filed by the company and nullifying the show cause notice issued by the GST authorities, according to the filing. Larsen & Toubro announced on Tuesday that the Bombay High Court has nullified a GST demand of ₹2,237 crores imposed on […]
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Reserve Bank of India Governor, Shaktikanta Das received an ‘A+’ rating from Global Finance magazine, ranking the top central banker globally for the second year. The recognition acknowledges his adept handling of economic crises, including the Covid-19 pandemic and the war in Ukraine. Das was also instrumental in shaping the GST framework and key economic […]
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The Gujarat Government has sanctioned Rs.381 crores for the development of a high-speed corridor between Vadodara and the Statue of Unity. This new infrastructure project aims to enhance connectivity and boost tourism. Key Highlights: Project Overview: The high-speed corridor will connect Vadodara to the Statue of Unity, significantly reducing travel time and improving access to […]
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The Indian mining and construction equipment (MCE) industry imports nearly 50% of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others. Rising component localisation might offer approximately Rs.25,000 crores annual opportunity to construction equipment vendors by FY 2030. Rising component localization might offer approximately Rs.25,000 crores annual […]
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According to the RBI’s new guidelines, if you transfer money to the wrong UPI address, you can expect to get your money back within 24 to 48 hours. Here are 5 Ways to Recover Money Sent to the Wrong UPI Address: With the Unified Payments Interface (UPI), users can easily transfer money digitally. However, issues […]
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In 2023-24, Gujarat surpassed Uttar Pradesh in attracting bank funds for projects. Gujarat secured funding for 154 projects, accounting for 14.7% of the total Rs.3.9 lakh crores financed, up from 14% in the previous year. Uttar Pradesh, which received funds for 69 projects, saw its share drop to 7.6% from 16.2%. Gujarat replaced Uttar Pradesh […]
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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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