'Bringing it back will help prevent reassessments of the income already disclosed.'
March 31 marked 10 years since the Modi government introduced its first Foreign Trade Policy (FTP 2015-20) that lasted for 8 years before the current FTP 2023 came in. Here is a brief assessment. In 2015, the government said that it aims to increase India's exports of merchandise and services from $465.9 billion in 2013-14 to approximately $900 billion by 2019-20 and to raise India's share in world exports from 2 per cent to 3.5 per cent.
In a twist in the family feud, Abhishek Lodha-run Macrotech Developers on Wednesday alleged younger brother Abhinandan's firm fabricated documents to misuse the company's brand name to further its business interests.
A special cabinet meeting in Karnataka convened to discuss the contentious Social and Educational Survey report, popularly known as 'caste census', ended without a decision. The cabinet will reconvene on May 2 to discuss the report further and make a final decision.
India and the US have settled the last trade dispute at the World Trade Organization (WTO) over poultry products, according to a joint statement released on Friday. With this, the two countries have mutually resolved all the seven pending trade disputes at the WTO. "The leaders lauded the settlement of the seventh and last outstanding WTO dispute between India and the United States.
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
China on Tuesday retaliated US President Donald Trump's imposition of 2nd round of ten per cent tariffs on its export by slapping an additional 15 per cent tariffs on American goods and initiated legal action against Washington in WTO while leaving the door open for talks to address each other's concerns.
A 28-year-old woman working with a business process outsourcing (BPO) company in Pune died after her male colleague allegedly attacked her with a sharp weapon on Tuesday evening, police said.
The IOC last year stripped the IBA of its status as boxing's governing body over governance issues, and took charge of the Paris 2024 boxing competition itself, but now finds itself at the centre of a row.
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
Jailed journalist Mahesh Langa, already facing multiple charges, has been booked in a fresh case for allegedly extorting Rs 40 lakh from a real estate agent by threatening to malign his image and implicate him in a false case. This is the fifth FIR registered against him since his arrest in October 2023 for an alleged Goods and Services Tax (GST) scam. The latest case was registered based on a complaint by Janak Thakor, a real estate agent, who alleged that Langa threatened to write negative articles about him and trap him in a false case unless he paid the money. Langa has been in jail since his arrest in October and is facing charges in four previous cases registered by Ahmedabad, Gandhinagar, and Rajkot police.
The government is looking to give Bharat Global Ports a certain amount of domestic exposure after it set up the state-owned consortium to increase India's global maritime heft, officials aware of the development said. The intended domestic exposure is meant to give the consortium experience and build its credentials for international projects.
A large number of medical device-manufacturing units have been forced to move to Vietnam and Malaysia due to delays, inconsistent timelines, and a lack of transparency in licensing processes, according to the Parliamentary Standing Committee on Health and Family Welfare.
Australian captain Sam Kerr who has Indian ancestry, has pleaded not guilty to one count of racially aggravated harassment.
The USTR report, released just ahead of the US' April 2 deadline for implementing reciprocal tariffs, has also cited high tariffs and price caps, which have not increased in line with inflation, as key obstacles for US businesses.
Following the lacklustre growth numbers in the second quarter (Q2FY25), economists believe the upcoming Union Budget for 2025-26 should focus on reforms that will stimulate consumption, manufacturing and spur employment. India's growth unexpectedly slowed to 5.4 per cent in the second quarter, due to low capital formation, weak consumption, besides adverse weather impact.
The time limit is proposed to be extended from the current two years to four years.
Fresh clashes broke out between people belonging to Zomi and Hmar tribes in Manipur's Churachandpur district, hours after a peace settlement was reached between the apex bodies of the two communities. The Zomi Students' Federation imposed a shutdown in the district after a group of men tried to take down a flag of a Zomi militant outfit. Several persons were injured in the clashes. Meanwhile, MLAs and tribal organisations appealed for peace, urging the administration to take necessary measures to restore law and order.
Health insurance claims are often denied due to exclusions in policy terms. Buyers frequently overlook the fine print or misinterpret clauses.
India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi last month, an official said. The official said that both countries have informed the WTO's dispute settlement body (DSB) about the resolution of all the pending disputes. The WTO has already issued a communication with regard to one of the disputes related to the imposition of additional customs duties by India on 28 US products.
The Supreme Court of India has ruled that a daughter has an indefeasible right to secure educational expenses from her parents, who can be compelled to provide necessary funds within their means. This ruling came in a matrimonial dispute where a daughter studying in Ireland refused to accept Rs 43 lakh given by her father towards her studies, which was part of the total alimony being paid to her mother. The court stated that the daughter has a fundamental right to pursue her education and that the parents can be compelled to provide necessary funds within their financial resources. The court also granted a decree of divorce by mutual consent to the estranged couple, directing them to abide by the terms of a settlement agreement they had reached.
The government will introduce a new Income Tax bill next week to take forward the "trust first, scrutinise later" concept, Finance Minister Nirmala Sitharaman said on Saturday. In another major reform move, the minister announced that the Foreign Direct Investment (FDI) in the insurance sector will be increased to 100 per cent from 74 per cent.
The rivalry between Tesla CEO Elon Musk and OpenAI CEO Sam Altman has intensified, centering on a groundbreaking artificial intelligence project known as Stargate, reported The Associated Press.
Why has the shift from ICE to electric slowed down despite initial enthusiasm?
A canteen owner at a theatre screening the movie Pushpa 2: The Rule in Madhya Pradesh's Gwalior allegedly bit the ear of a man over a dispute on settling the snacks bill, the police said.
I'...additional concessions, such as opening government procurement, reducing agricultural subsidies, weakening patent protections, and allowing unrestricted data flows -- demands India has resisted for decades.'
A Trinamool Congress (TMC) worker was shot dead and two others, including a local committee president, were critically injured in a gun attack in Malda district, West Bengal, on Tuesday. The incident occurred in the Kaliaganj area when TMC workers were attending a program. Police suspect factionalism within the party could be behind the attack, while senior TMC leaders blame external forces. The killing comes less than a fortnight after the murder of another TMC councillor in the same district, adding to the tension in the area ahead of the upcoming panchayat elections.
Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week.
The government has slapped a $2.81 billion (about Rs 24,500 crore) demand notice on Reliance Industries and its partners, including BP Plc for gains made from producing and selling natural gas that may have migrated from neighbouring block of state-owned ONGC. This follows the Delhi high court's decision on February 14, overturning an international arbitration tribunal ruling that held the duo not responsible for paying any compensation for the gas they produced and sold which had allegedly migrated from adjoining fields.
Make financial planning a part of your education and definitely a part of your marriage, says financial planner Sheetal Jhaveri.
The family of the 34-year-old techie who allegedly died by suicide in Bengaluru, has demanded justice for him and strict action against his harassers, so that his 'soul can rest in peace'.
According to police officials, the juvenile, a distant relative of the victim, claimed during interrogation that he had a dispute with Akash Sharma involving Rs 70,000 which led him to a hatch conspiracy to kill him.
A 11th-grade student in Gorakhpur, India, has confessed to killing his mother after initially claiming she died from an accidental fall. The teen admitted to pushing his mother during an argument, resulting in a fatal head injury. The revelation came after a detailed investigation by police, who found inconsistencies in the boy's initial story and discovered evidence of a struggle. The boy is now in police custody.
'Ensure that all property-related documents are up-to-date.' 'Relying on outdated documents can create legal complications.'
Crypto exchange WazirX has said customers affected by the recent cyber attack will not be able to recover their full funds even as the firm looks to restructure. At a virtual press conference, the firm's advisor said at best the company might look to return 55-57 per cent of the money. "This is what can be returned to users with the benefit of this restructuring," said Jason Kardachi, managing director (restructuring), Kroll.
Low cost airline SpiceJet and Swiss firm Credit Suisse AG on Thursday told the Supreme Court they have resolved their financial dispute. The apex court then permitted SpiceJet to withdraw its appeal against a Madras high court verdict ordering that the airline be wound up on account of alleged non-payment of dues to Credit Suisse AG. "There is a settlement which has taken place on May 23, 2022 as per the consent terms.
Indian Olympic Association (IOA) President PT Usha has proposed that only disciplines featuring in the Olympics, Commonwealth and Asian Games be considered for inclusion in the future National Games,
The court noted that the primary allegations centred around disagreements related to the couple's sexual relationship and the wife's refusal to engage in certain activities. It concluded that these disputes were not indicative of dowry demands and were more likely driven by personal differences.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
An Income-Tax Department internal committee reviewing the old direct tax law to pave the way for a new one has "largely" received suggestions for "simplifying" the language, better "structuring" the provisions and enlarging the ambit of schemes like presumptive taxation, CBDT chairman Ravi Agrawal said Sunday. Speaking to PTI during a post-Budget interview at his North Block office, Agrawal said the panel also "studied" the deliberations and processes of countries like the UK, Australia and some others where a similar tax law simplification exercise was undertaken.
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