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Latest Articles in Economy

FDI Key To India's Aspiration To Be A USD 5 Trillion Economy, Says Deloitte CEO

The CEO of the top multinational professional services network said, "FDI, I believe, is the key to India''s aspiration to be a USD 5 trillion economy and I think that is eminently doable. I am certainly a very big proponent of India and what can be accomplished."

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Centre Extends Specific Timelines To Ease Compliances Under Income-tax Act

"Further, the time limit for issuance of notice and passing of the order by the Adjudicating Authority under the Prohibition of Benami Property Transactions Act, 1988 has also been extended to 31st March 2022," said the ministry.

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Road To Boost The Rural Economy; Via Digital And Road Connectivity

It is said that almost half of the Indian habitations are still unconnected from big cities. Hence, improper road connectivity is one of the major reasons which led rural India from registering growth in rural areas.

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Centre Relaxes Provisions Of TDS Under Income-tax Act

No deduction of tax shall be made on the following payment under section 194A of the Act, namely payment in the nature of interest, other than interest on securities, made by a Scheduled Bank (hereinafter the ‘payer’) located in a specified area to a member of Scheduled Tribe, the official statement said.

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Petroleum Products To Remain Outside GST Regime; Food Delivery Apps to Collect & Deposit GST

Petroleum products will continue to remain outside the ambit of GST regime as many states have opposed the idea of bringing them under the GST regime. Food Delivery App to collect and deposit the 5 per cent GST effective 01 January 2022 instead of the restaurant and several more decisions taken on Friday by the GST Council

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Inflation Rate Keep fluctuating In India, Ahead Of Festival Season

The retail inflation rate in India saw a slight decrease from 5.6 per cent in July to 5.3 per cent in August. This is due to food price inflation falling to 3.11 per cent from nearly 4 per cent in July.

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More Than Rs 30,000 Cr Guarantee Approved For Bad Bank By Cabinet: FM

The NARCL is going to pay a total of 15 per cent of the agreed value for the cash loans and the remaining 85 per cent is going to be government-guaranteed security receipts.

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Good Monsoon, Consumption To Help Rural India Stay Afloat, Post Deadly Second COVID-19 Wave

During the deadly second wave of the Coronavirus pandemic, rural areas were also impacted severely, however, it also witnessed a strong rural consumption in July-21, and growth yet again outpaced Urban.

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Shopee Will Send Shockwaves Among Offline Traders, If Enters India: CAIT

The CAIT in an official statement said that Shopee is owned and controlled by the Chinese people and it will send shock waves via the offline traders' community which have not recovered from the unfair trade practices adopted by foreign-funded e-commerce companies.

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Gujarat Government Announces Bureaucratic Reshuffle

Amidst tension over the expansion cabinet, the Gujarat government led by CM Bhupendra Patel announces rejig of 8 IAS officers.

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11 IAS And 4 State Cadre Officers Rejigged In Madhya Pradesh

Chief Minister Shivraj Singh Chauhan led Madhya Pradesh government announced a significant transfer order for as many as 11 IAS and 4 state cadre officers.

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Karnataka Government Transfers 8 IAS Officers

Karnataka government recently transferred 8 IAS officers in a bid to strengthen administration within the state.

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PM Modi Inaugurates Two New Defence Office Complexes In Delhi

The prime ministers said the modern offices will go a long way in effectively carrying out all the work related to the security of the nation by the three forces.

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Govt Need To Ease Licensing And Compliance Regulations To Reshape MSMEs: Sandip Chhettri

He also said that training in sector-relevant digital skills, potentially through less-expensive online training courses that are used as conditions to unlock further aid, and/or paired with specialist support but focused on sectors with the greatest need.

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Pyxis One Raises USD 17Mn

Celesta Capital and Premji Invest co-led the round with participation from previous investors Chiratae Ventures, pi Ventures, and Exfinity Venture Partners.

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