India needs to maintain tax buoyancy in 1.2-1.5 range for 6.5-7% growth: EY
To achieve a growth of 6.5-7%, India has to maintain a tax buoyancy in the range of 1.2-1.5, a EY report said on Wednesday.
To achieve a growth of 6.5-7%, India has to maintain a tax buoyancy in the range of 1.2-1.5, a EY report said on Wednesday.
The Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, has signed a Memorandum of Understanding (MoU) with Paytm to foster innovation and accelerate the growth of manufacturing and fintech startups in India.
A bench has been hearing the plea filed by the company challenging the September 2024 notice issued to it by the Customs department, since last week.
Broader indices underperformed as the BSE Midcap and Smallcap closed 0.57% and 0.45% lower.
On a year-on-year basis, EPFO registered a growth of 2.74% in net payroll additions compared to December 2023.
At the time of writing this report, Sensex traded at 61,519.68 points, up 100.72 points or 0.16 per cent, whereas Nifty traded at 18,275.75 points, up 31.55 points or 0.17 per cent. On Tuesday, the markets started on a sluggish note, however, indices recovered to end with smart gains, mainly aided by a recovery in European markets.
According to Australian law, the India-Australia Economic Cooperation and Trade Agreement (AI-ECTA) needs ratification by that country's parliament before its implementation.
When compared to September, the deal volumes witnessed an 11 per cent decline while values decreased by 49 per cent due to the absence of big-ticket transactions, according to Grant Thornton Bharat's Dealtracker October 2022 report.
Ultraviolette Automotive Pvt Ltd on Tuesday expanded its ongoing Series D round led by Qualcomm Ventures and Lingotto. According to sources, the company raised $24 million in the expanded round, taking the total funding in Series D to $34 million to date.
Alphabet, Google's parent company, is reportedly gearing up to lay off about 10,000 "poor performing" employees, or 6 per cent of its workforce, in the Big tech layoff season kicked off by Meta, Amazon, Twitter, Salesforce, and more amid the rough global conditions.
