In its pre-Budget memorandum submitted to the Finance Ministry, ASSOCHAM has proposed the rationalisation of TDS rates by suggesting a uniform rate of either 1% or 2% for all payments made to resident assessees. This proposal aims to reduce disputes caused by differing interpretations and enhance tax compliance. The memorandum also called for the decriminalisation … Read more
A host of topics around human resources, including significance of HR management, likelihood of flexible workforce becoming norm and the changing preferences of youth, were highlighted by speakers at the HR Evolution Summit-2024 organised here on Thursday by the Federation of Indian Chambers of Commerce and Industry (FICCI). Addressing the gathering, former president of FICCI … Read more
Full Budget 2024: The full Budget 2024 will be tabled next month. On Wednesday, Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chaired the first Pre-Budget consultation meeting with leading economists. The meeting was attended by MoS for Finance Pankaj Chaudhary, the Finance Secretary, and the Secretaries of the Departments of Economic Affairs, Revenue, … Read more
Manufacturing sentiments in India remained positive during June quarter FY24 notwithstanding global headwinds, according to a Ficci survey released on Monday. The latest quarterly survey on manufacturing outlook by the industry body observed that after a revival in the Indian economy in FY22, momentum of growth has continued in the subsequent quarters as well. The … Read more
The India-Canada Early Progress Trade Agreement (EPTA) will cover goods, services, investment, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, and dispute settlement, the government said on Wednesday. Commerce and industry minister Piyush Goyal met Canada’s minister of International Trade, Export Promotion, Small Business and Economic Development, Mary Ng, during his visit … Read more
“I am very confident about the India growth story because I think we have to look at the medium to long term where I think our prospects are very good,” says Subhrakant Panda, President, FICCI. It is an interesting time when you takeover, one full of uncertainties. What do you think the biggest challenges are … Read more
The recently concluded Capital Markets Summit of FICCI, hosted several regulators and policy makers as speakers. In the last several years that I have been hosting this conference, this year we have witnessed an energising and engaging change in the regulatory approach. The change was stark and significant. There was a clearly laid out direction … Read more
The government will hold a meeting with industry stakeholders on Wednesday to explore the option of adopting a common charger for mobile phones and other portable electronic devices. The meeting, to be chaired by Consumer Affairs Secretary Rohit Kumar Singh, is scheduled post lunch and will be attended by manufacturers of portable electronic devices, including … Read more
India is prepared to deal with any situation arising out of global developments, including the US Federal Reserve’s decision to roll back monetary easing, and will not allow the economy to suffer, Finance Minister Nirmala Sitharaman asserted on Sunday. In a post-Budget interaction with industry body Ficci, she urged corporates to take advantage of the … Read more
Ahead of the Union Budget, industry body FICCI has requested the government to reduce the basic customs duty (BCD) on ferronickel to zero and levy a higher duty of 12.5 per cent on the import of stainless steel flat products. Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY2022-23 on February … Read more