NEW DELHI: The Reserve Bank of India (RBI) has announced the immediate removal of restrictions on Asirvad Micro Finance and DMI Finance, which were imposed on 21 October last year. The restrictions barred the two entities from sanctioning and disbursing loans.After RBI’s sanctions, both companies initiated corrective measures and submitted compliance reports to the central…
HYDERABAD: The Indian National Science Academy (INSA) has conferred its prestigious India fellowship for 2025 upon Dr Krishna Ella, co-founder and executive chairman of Bharat Biotech, which developed India’s first indigenously developed Covid-19 Covaxin.The fellowship recognises Dr Ella for his outstanding contributions to the development of new vaccine technologies as well as improvements in existing…
NEW DELHI: Taxpayers and businesses are eagerly waiting for new reforms in the upcoming Union budget that will propel India’s economic trajectory. All eyes are on the key announcements and the government’s forward-looking economic guidance for PM Modi’s third tenure.EY India recently suggested that the budget 2025 should focus on increasing capex, reducing the debt-to-GDP…
NEW DELHI: Foreign portfolio investors (FPIs) are likely to maintain a cautious stance on Indian equities until there is more clarity on Q3 FY25 earnings recovery and fair market valuations, according to a report by Shriram Mutual Funds.Despite active participation throughout 2024, FPIs ended the year on a cautious note, with equity investments plummeting by…
Budget 2025 income tax expectations: The changes involve simplifying the language and rationalizing information by using formulas and tables. (AI image) Budget 2025 expectations: India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned…
While an Indian residing abroad is popularly referred to as a non-resident Indian (NRI), the nomenclature is different under tax laws. It is not the country of origin, but the number of days stay in India, which determine whether a person will be a resident or non-resident for tax purposes.Resident individuals are taxable in India…
The government introduced a tax deferment policy for Employee Stock Ownership Plans (ESOPs) in 2020 to address two key challenges faced by startup employees and employers: Immediate tax liability on employees receiving shares without actual monetary gains. Strain on startups’ finances due to tax deductions often exceeding employees’ salaries. ESOPs are taxed in 2 instances:…
Jefferies has a ‘buy’ recommendation on Reliance Industries with a target price of Rs 1,690 (+36%). Analysts feel RIL’s recent underperformance in CY24 was due to concerns around the medium-term growth prospect of retail and lower earnings growth in FY25. Analysts see restoration of mid-teens growth in retail, likely listing of Jio and improvement in…
NEW DELHI: India’s economy is estimated to slow to a four-year low in 2024-25 due to moderation in manufacturing and sluggish investment, while robust growth in the farm sector is expected to provide some support and help boost rural consumption.The first advance estimates for the current financial year, released by the National Statistics Office (NSO)…
NEW DELHI: Price cuts towards end of 2024 saw sales of electric cars rise 20%, with the industry’s volumes finishing a shade lower than one lakh units against 82,688 units in the previous year.The growth comes despite doubts about a mass adoption for EVs as customers complain over a poor public charging infrastructure, longevity of…
