Economy

Economy News

A quarter of jobs will change by 2027: WEF

Nearly a quarter of global jobs will “change” in the next five years, with 69 million new jobs likely to be created and 83 million lost, the World Economic Forum’s.

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Tax probe against insures, MFs widened, more notices being sent

Tax authorities have widened an ongoing probe against a few financial-sector companies including insurers and mutual funds, for alleged tax evasion. Tax authorities have widened an ongoing probe against a.

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Economy News

India, Russia to explore possibility of accepting RuPay and Mir cards

Currently, overseas payments from India and vice versa are through the SWIFT network. India and Russia will explore the possibility of accepting RuPay and Mir cards in each other’s country for hassle-free payments amid.

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Explainer: India’s first water bodies census

The Jal Shakti ministry has released the report of India’s first water bodies census, which provides a comprehensive database of ponds, tanks, lakes and reservoirs in the country. The Jal.

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Economy News

Online gaming: Centre likely to seek differential taxation

GST Council may take a final call in June. In a change of stance, the Centre has decided to pitch for differential taxation of online gaming, with “games of chance”.

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CBIC defers 2nd phase of Customs e-payment

The exemption, which was till April 30, has not been extended till June 30, according to a CBIC notification. With the Electronic Cash Ledger facility for Customs duty payments facing.

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GST dept work with Meity to track offshore online gaming cos

The Directorate General of GST Intelligence, which has been investigating tax evasion by online gaming firms, is now focussing on these offshore entities. In a bid to track offshore online gaming.

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Economy News

MSP wheat purchases up 30% at 18.37 MT

With two months to go, purchases set to cross last year’s level After a sluggish start because of delayed harvesting of crops, wheat procurement by the Food Corporation of India (FCI) and state government.

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Power Ministry asks states to withdraw any tax on generation of electricity, calls it illegal

The ministry said any tax / duty on generation of electricity, which encompasses all types of generation viz. thermal, hydro, wind, solar, nuclear, etc. is illegal and unconstitutional. Ministry of.

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Economy News

States’ capex on track, up 12% in April-Feb: Centre

This increase (in states’ capex) is attributable to strong revenue generation and support provided by the Centre in terms of advance release of payment to states,” the ministry claimed. The.

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