Economy News ( English version)


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  • Next round of India-Korea FTA review meeting from July 17 in Seoul July 14, 2024
    India and Korea are set to hold the next round of negotiations to upgrade their existing Comprehensive Economic Partnership Agreement (CEPA) from July 17-19. The talks aim to strengthen economic cooperation between the two countries by addressing issues related to implementation, rules of origin, customs procedures, and data sharing. India has also raised co […]
  • Budget 2024: Tax practitioners' urge govt to rationalise personal income tax July 14, 2024
    Union Budget 2024: The All India Federation of Tax Practitioners (AIFTP) has called for a 10% exemption limit on personal income tax in the upcoming Union budget. The tax structure should be simplified to ease compliance. The AIFTP president also suggested eliminating the surcharge and cess, arguing that the government's failure to explain how the educa […]
  • Work on Gwalior-Agra greenfield highway likely to start in current FY: Ajay Tamta July 14, 2024
    Union Minister Ajay Tamta has announced the commencement of work on an 88.4 km six-lane greenfield highway connecting Gwalior and Agra at a cost of Rs 4,216 crore. The highway aims reduce travel time between the two cities to just one hour from the current three hours. Additionally, a western bypass of Gwalior's ring road, spanning 28.8 km at Rs 1,004 c […]
  • Direct tax mopup 20% bigger in FY25 on income tax boost July 14, 2024
    Direct tax collections have seen a significant increase of nearly 20% to ₹5.74 lakh crore in FY25 so far, with personal income tax flows driving the surge. The government may have more fiscal flexibility in the upcoming budget presentation. Corporate profits are also on the rise, reflected in the advance tax collections. These positive trends could impact th […]
  • Piyush Goyal to hold meetings with G7 trade ministers in Italy next week July 13, 2024
    Commerce and Industry Minister Piyush Goyal will participate in bilateral meetings with G7 nations' counterparts in Reggio Calabria, Italy, during the G7 Trade Ministers' Meeting outreach session on July 16-17. Discussions will focus on enhancing trade, resolving issues, and strengthening economic cooperation. Goyal aims to showcase India's tr […]

 

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