Floods imminent in West Bengal as depression, dam water make things worse
Chief Minister Mamata Banerjee said she has spoken to her Jharkhand counterpart, Hemant Soren about the situation
New audit norms planned to check frauds
The National Financial Reporting Authority (NFRA) has suggested updating an outdated accounting standard to align with global norms, focusing on listed private companies. This proposal aims to safeguard investors by…
Trade deficit close to all-time high, thanks to record imports
India’s trade deficit nearly reached a record high in August with total imports rising to $64.4 billion due to a surge in gold shipments, while exports fell to $34.7 billion.…
Didn’t pay over Rs 3,500cr in TDS & PF, admits SpiceJet
SpiceJet has revealed it failed to pay Rs 2,200 crore in TDS deducted from employees’ salaries and Rs 1,353 crore in PF from April 2020 to August 2023. The airline…
Windfall tax on crude petroleum slashed to zero
The last such revision took place effective August 31 when the windfall tax on crude petroleum was set at ₹1,850 per tonne
India must build its own chip design cos: Cadence
Anirudh Devgan, CEO of Cadence Design, emphasizes India’s strides in the semiconductor sector. He recommends prioritizing incentives for product companies creating intellectual property within India over manufacturing investments alone. This…
GCCs offer higher salaries to freshers
Despite inflation, entry-level salaries in the IT sector have stayed around Rs 3-4 lakh for over a decade. In contrast, Global Capability Centres (GCCs) offer higher pay, with some roles…
Govt has failed to act on ‘mass unemployment crisis’: Congress
Congress has criticized the Modi government for not addressing mass unemployment during its first 100 days in office. They blame demonetisation, GST implementation, an unplanned Covid-19 lockdown, and rising imports…