In a relief to foreign portfolio investors and asset managers, the Central Board of Direct Taxes (CBDT) has clarified its stand on the Principal Purpose Test (PPT) in relation to Double Taxation Avoidance Agreements (DTAAs). The Board has said that this will be applicable from a later date which will allow grandfathering on previous investments. … Read more
The Indian rupee closed stronger against the dollar on Wednesday after volatile trading. The rupee also strengthened along with other Asian currencies due to the fall in the dollar index. Markets around the world are continuously analyzing US President Trump’s initial steps on tariffs and oil production. The dollar index fell 0.8 percent to 107.97. … Read more
India’s rice exports remain stable in 2024 despite restrictions. Government and industry officials said that there has been a record export of premium Basmati rice, due to which the shortfall in foreign sales of non-Basmati rice has been compensated. Continued exports from India, the world’s largest rice exporter, could help reduce global rice prices and … Read more
Under the leadership of President Donald Trump, the US is looking to engage with various countries to negotiate bilateral free trade agreements (FTAs) for better market access. India seems quite excited by this change in the attitude of the US government. Government officials said that this is a positive thing from India’s point of view. … Read more
In a strong signal to China, the foreign ministers of the Quad (Quaternary Security Dialogue) countries – India, Australia, Japan and the US – in a joint statement on Tuesday strongly opposed any unilateral action that seeks to change the status quo by force. US Secretary of State Marco Rubio hosted his first multilateral meeting … Read more
BNP Paribas said on Wednesday that the stock market outlook for this year remains bleak as growth continues to slow and high-frequency indicators remain subdued. The France-headquartered brokerage believes that calendar year 2025 will be another year with single-digit returns. Due to rising US bond yields and strengthening US dollar, foreign portfolio investors (FPIs) are … Read more
Smartphone exports from the country are continuously increasing. Smartphones have reached the second position in terms of products exported from the country in HS code based categories. If the pace of its exports continues like this, it can overtake diesel fuel exports and occupy the top position. HS codes or Harmonized System codes are WTO’s … Read more
Kosomba wolo ya RBI na 2024: Banque de réserve ya Inde (RBI) ematisaki réserve na yango ya wolo na 72,6 tonnes na mbula eleki na 2024. Oyo ezali mbula ya nsambo ya kolandana oyo RBI esali ba achats nets ya wolo. Soki totali mbula na mbula, yango ezali mbala ya misato oyo banque centrale esombaki … Read more
During the ‘Rising Rajasthan’ Global Investment Summit 2024, Rajasthan government signed MoUs worth Rs 35 lakh crore, the highest in the history of the state. State Commerce and Industry Minister Colonel Rajyavardhan Rathore said while talking to Anil Sharma that this will open the way for growth in many sectors and create employment opportunities. Highlights… … Read more
Three out of four firms participating in an industry survey said the current economic environment is favorable for private investment. The interim results of the survey conducted by the Confederation of Indian Industry (CII) on investment, jobs and wages show that more than 97 percent of the firms can increase employment in the financial years … Read more