ConnectBiz Team 
Foxwagen has filed a case against Indian departments for canceling the demand demand of $ 1.4 billion. It has been argued that this demand is unlike India’s imports taxation rules for car parts and this demand will obstruct the company’s business plans. This information has been received from the court document. Foxwagen’s unit Skoda Auto … Read more
Measures to strengthen fiscal conditions may reduce the yield on government bonds. Traders say that despite the increase in the market in FY 2025-26, the fiscal strengthening efforts can lead to the yield down on the government bonds. The government has targeted to limit the fiscal deficit to 4.4 per cent of GDP in FY … Read more
The Center has proposed to launch a new scheme in the General Budget with the aim of improving the states to improve its power infrastructure and encourage it to open for private investment. This initiative has been taken at a time when two power distribution companies (Discom), which recorded the highest losses of Uttar Pradesh, … Read more
The government has removed the discrepancy in the tax system. After this, foreign portfolio investors (FPIs) will not get the benefit of taxes on listed bonds, debts, date mutual funds and listed preference shares. It has been clarified in the general budget that FPI will have to pay long -term capital benefits (LTCG) at the … Read more
The situation may worsen due to the increase in the world on the trade front in the world. Experts have warned that the rapid trade war between the US, Canada, Mexico and China will increase the risk of foreign goods in Indian markets. US President Donald Trump has imposed a 25 percent fee on goods … Read more
Finance Minister Nirmala Sitharaman said on Sunday that India is moving towards the target of cutting debt, moving on the path of fiscal strength. He did not pay attention to that agencies like Moody’s have not increased India’s credibility despite all this. Sitharaman has a better balance between fiscal growth in FY 2025-26 with fiscal … Read more
Budget 2025: Finance Minister Nirmala Sitharaman has extended the registration deadline for startups to five years to 1 April 2030, which has raged a wave of joy in the startup ecosystem. Due to this expansion, startups recognized by the Department of Industry and Internal Trade Promotion (DPIT) will be able to avail tax exemption under … Read more
The government has estimated the securities transactions (STT) collection of Rs 78,000 crore for the financial year 2026. STT collection has also increased due to the rise in the stock market since Kovid-19. However, keeping in mind the current market situation and fresh regulatory changes, new projections are considered ambitious. The STT estimate for the … Read more
Finance Minister Nirmala Sitharaman presented the budget for the financial year on Saturday. In his budget, the Finance Minister has given a great proposal that mainly 10 million people living in rural India, who have joined the Self Help Group (SHGS), will get a credit score based on their performance. In the budget speech of … Read more
Budget 2025: Finance Minister Nirmala Sitharaman introduced the financial year on Saturday, February 1, whose main focus is on 4C – Capex, Consumption, Fiscal Consolidation and Employment Creation. Major steps have been taken to give relief to the middle class by changing the tax slab to give relief to the middle class, which is expected … Read more