Coimbatore has consistently harnessed its manufacturing strength and entrepreneurial spirit to support small businesses across various industries. For Adarsh V Srinivasan, CEO of SKYX Aerospace, the decision to start his company in the southern city of Coimbatore was initially a personal one. It was the hometown of his mother and the place where he spent […]
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Uday Kotak warns that India’s economic ‘animal spirits’ are fading as young business families focus more on investments than building companies. He urges policymakers to address the impact of US policies pulling foreign capital away. Kotak stresses the need for a national strategy to counter this challenge and navigate the current economic environment. Uday Kotak, […]
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FCRA Registration: Before receiving any foreign contribution or donation from foreign sources, any individual, association, or company in India must obtain registration from the Central Government under Section 11 of the Foreign Contribution (Regulation) Act, 2010 (FCRA). If registration is not secured, the person or entity can still accept foreign contributions, but only with prior […]
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India’s goods exports decreased for the third consecutive month, registering $36.43 billion in January and widening the trade deficit to $22.99 billion. Despite this decline, sectors like electronics, engineering goods, and pharmaceuticals showed growth. Imports, particularly gold, increased significantly, contributing to the rising trade deficit. India’s goods exports shrank for the third straight month to […]
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Bank Transactions Rules: The Government is keeping a close watch on high-value transactions with the help of data analytics and various agencies to prevent tax evasion. If a person is transacting large amounts in his bank accounts, investments or property purchases but is not fulfilling his income tax liability properly, then he is more likely […]
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India may implement a temporary 15%-25% tax on Chinese steel imports within six months to protect domestic manufacturers from cheap imports. The investigation to safeguard duties began in December and could last up to two years, aiming to ensure fair competition amidst rising imports from China. India could impose a temporary tax of 15%-25% on […]
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Barely a month after the Reserve Bank of India (RBI) warned of a contagion, lenders, especially non-bank financiers, have also started witnessing stress in their collateral-backed secured loan books. Early signs of stress are visible in micro-loans against property (micro-LAP), and lending for two-wheelers and some other vehicle categories, according to experts. It is more […]
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The Union Budget 2025-26, announced by Finance Minister, Nirmala Sitharaman on February 1, 2025, introduced a host of measures aimed at supporting India Inc., with an emphasis on tax reforms, export promotion and ease of doing business being paramount. A revision in MSME classification, steps to boost India’s share in global trade and improving the […]
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The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 02/2025-GST, clarifying the procedure for handling Departmental appeals related solely to interest and penalties under Section 128A of the Central Goods and Services Tax (CGST) Act, 2017. Kind attention is invited to the Section 128A of the Central Goods and Service Tax […]
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For Indian manufacturers, tie-ups with Chinese firms are crucial at this stage to develop a resilient world-class supply chain before striking out on their own, S Krishnan has said. India must substantially increase electronics exports to remain competitive in the global value chain, as domestic production alone won’t be enough, S Krishnan, secretary of the […]
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