Jakarta: Indonesia, through PT Kawasan Industri Terpadu Batang (KITB), has introduced new commercial and residential zones within the Batang Industrial Area, a sprawling 4,300-hectare site in Central Java. This initiative aims to attract investors and create diverse business prospects. Ngurah Wirawan, the general director of KITB, stated in a press release that the new zones.
Mumbai: Zomato has received a Goods and Services Tax (GST) demand notice amounting to Rs 803 crore from the GST department, as reported on December 13. The notice, issued by the Joint Commissioner of CGST and Central Excise in Thane, pertains to unpaid GST on delivery charges. The total demand includes Rs 401.7 crore for.
New Delhi: The Income Tax Department has reported a remarkable 46.31% increase in tax refunds, totaling Rs 3.08 lakh crore between April 1 and November 27 of this year. This marks a significant improvement compared to Rs 2.03 lakh crore issued during the same period last year, highlighting the Ministry of Finance’s efforts to accelerate.
New Delhi: MP Manish Tewari has expressed his concerns, questioning the delay in implementing the proposed business credit card scheme by the Ministry of Finance. On April 8, 2022, the Parliamentary Standing Committee on Finance presented a crucial report focusing on the challenges faced by the Micro, Small, and Medium Enterprises (MSME) sector. The report.
New Delhi: The Central government on Monday appointed Sanjay Malhotra, Secretary (Revenue) in the Ministry of Finance as the next Reserve Bank of India Governor. He will replace Shaktikanta Das, who with a six-year stint is the second-longest serving RBI Governor. Sanjay Malhotra is a 1990 batch Indian Administrative Service (IAS) officer of the Rajasthan.
Gurugram: On Monday, Air India confirmed it has ordered 100 more Airbus aircraft, comprising 10 widebody A350 and 90 narrowbody A320 aircraft, including A321neo. These 100 new aircraft are in addition to the firm orders of 470 aircraft that Air India had placed with Airbus and Boeing last year. The airline said that the latest.
Mumbai: According to a report released on December 9 by PwC India, the revenue of the Indian entertainment and media industry is expected to hit Rs 365,000 crore by 2028, reflecting a compound annual growth rate (CAGR) of 8.3%, which surpasses the global growth rate of 4.6%. The advertising segment is anticipated to grow at.
New Delhi: The Insolvency and Bankruptcy Code (IBC) has played a critical role in improving bank asset quality and facilitating substantial pre-admission settlements of underlying debts of over Rs 10 lakh crore since it was first introduced in 2016, as per RBI Deputy Governor M. Rajeshwar Rao. Addressing an international conclave, focusing on “Insolvency Resolution:.
Chandigarh: Punjab has seen a significant decline in textile and apparel exports, including handicrafts, dropping nearly 30% from $2.12 billion in FY 2021-22 to $1.5 billion in 2023-24, according to Union Minister of State for Textiles, Pabitra Margherita. In response to a query from Rajya Sabha MP Sanjeev Arora, he acknowledged the lack of specific.
