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FM: GCCs may add up to $200 bn to economy by '30

New Delhi, July 15 -- India's gross value addition from Global Capability Centres (GCCs)could potentially range between $150 billion and $200 billion by 2030 from the current level of $68 billion, Uni... Read More


Income tax dept cracks down on bogus claims of deductions by employees

India, July 14 -- The Income-Tax Department has found organised rackets operated by some returns preparers and intermediaries across the country, filing income-tax returns (ITRs) on behalf of their cl... Read More


gross direct tax collection rises by 274%: Govt data

New Delhi, July 14 -- India's gross direct tax collection jumped 274% to Rs.27.03 lakh crore in FY25 from Rs.7.22 lakh crore in FY14 with refunds surging 474% to Rs.4,76,743 crore in 2024-25 as agains... Read More


gross direct tax collection rises by 274%: Govt data

New Delhi, July 14 -- India's gross direct tax collection jumped 274% to Rs.27.03 lakh crore in FY25 from Rs.7.22 lakh crore in FY14 with refunds surging 474% to Rs.4,76,743 crore in 2024-25 as agains... Read More


Direct tax kitty rises 274% to Rs.27.03 lakh cr in 11 yrs

New Delhi, July 14 -- India's gross direct tax collection jumped 274% to Rs.27.03 lakh crore in FY25 from Rs.7.22 lakh crore in FY14 with refunds surging 474% to Rs.4,76,743 crore in 2024-25 as agains... Read More


Net direct tax revenue shrinks 1.34% to Rs.5.63 lakh cr

New Delhi, July 12 -- India's net direct tax revenue contracted 1.34% to Rs.5.63 lakh crore as on July 10 of the current financial year as compared to Rs.5.70 lakh crore in the corresponding period of... Read More


New FTAs unlock non-competing global mkts: Goyal

new Delhi, July 10 -- India has successfully opened up non-competing global markets, including developed economies such as Australia, the United Arab Emirates (UAE), Switzerland, Norway, Lichtenstein,... Read More


Centre pushes for rRs.r36K-crore infra projects in Gujarat, Rajasthan

India, July 8 -- The central government has taken steps to resolve about two dozen issues hindering implementation of infrastructure projects worth Rs.36,296 crore in Gujarat and Rajasthan, including ... Read More


Govt pushes projects worth rRs.r36,296 crore in Gujarat and Rajasthan

India, July 7 -- The central government has taken steps to resolve about two-dozen issues hindering implementation of infrastructure projects worth Rs.36,296 crore projects in Gujarat and Rajasthan, i... Read More


India may consider terminating Asean pact as FTA review drags

India, July 7 -- The Association of Southeast Asian Nations' (Asean's) lackadaisical approach in reviewing the free trade agreement with India despite nine negotiating rounds could force New Delhi to ... Read More