Welcome to Total Care India

News Feed

Sat, 14 Dec 2024 05:30:00 +0530

Switzerland scraps MFN clause in tax treaty with India

Switzerland will suspend a key tax provision with India from 2025, impacting dividend income for Indian companies operating there. This follows an Indian Supreme Court ruling on the most favoured nati

Sat, 14 Dec 2024 00:26:27 +0530

Compensation cess: GoM may seek more time to submit report

A group of ministers (GoM) will likely request the GST Council to extend the December 31 deadline for their report on compensation cess by six months. The GoM needs more time to finalize proposals for

Sat, 14 Dec 2024 00:22:59 +0530

Inequality debate should factor in upward mobility of people: CEA

Chief Economic Advisor V Anantha Nageswaran emphasized considering upward mobility alongside inequality when analyzing economic progress. He cautioned against fixating solely on inequality, citing a s

Sat, 14 Dec 2024 00:19:15 +0530

'Global wealth tax must pay for climate reparation'

French economist Thomas Piketty advocated for a global wealth tax to fund climate reparations, especially for countries like India significantly impacted by climate change. He urged India to lead this

Sat, 14 Dec 2024 00:02:54 +0530

EU pressures India to drop duty on some ICT products

The EU is pressuring India to remove import duties on certain ICT products, utilising its Enforcement Regulation due to a stalled WTO dispute. India faces a February 10, 2025 deadline to respond or p

Fri, 13 Dec 2024 23:55:27 +0530

Budgetary outlay to be in sync with 'Viksit Bharat' goal: MoS for Finance

India aims to become a developed nation by 2047, with the government continuing to prioritize budgetary allocations towards this goal. Capital spending has increased significantly to boost infrastruc

Fri, 13 Dec 2024 23:36:31 +0530

India's DTAA with Switzerland may require renegotiation: MEA

India indicated potential renegotiations of its double taxation treaty with Switzerland following a recent trade agreement with EFTA. This comes after Switzerland suspended the most favoured nation cl

Fri, 13 Dec 2024 22:22:14 +0530

MFN clause suspension by Switzerland: India needs strategic approach for int'l taxation treaties, says GTRI

Switzerland's suspension of the most-favored-nation clause in its tax treaty with India will increase taxes for Indian companies operating there. This move follows an Indian Supreme Court ruling and h

Fri, 13 Dec 2024 21:28:58 +0530

India must do more to tax its super-rich, France's Piketty says

French economist Thomas Piketty urged India to increase taxes on its super-rich, citing rising inequality. He proposed a wealth tax and inheritance tax, potentially generating significant revenue. In

Fri, 13 Dec 2024 21:02:34 +0530

India, UAE discuss IMEEC; resolve to expand energy, trade ties

India and the UAE held their 15th Joint Commission Meeting, strengthening ties across energy, connectivity, and trade. They discussed the India-Middle East-Europe Economic Corridor and explored long-

Fri, 13 Dec 2024 20:22:56 +0530

NHAI upgrades RPVs for strengthening highway patrolling

In a statement issued on Friday, the National Highways Authority of India said it has introduced new Route Patrolling Vehicles (RPVs) named ‘Rajmarg Saathi’ as part of its incident management serv

Fri, 13 Dec 2024 17:13:30 +0530

Plans afoot to bring EPFO service at par with banking, says top official

The retirement fund body EPFO is upgrading its systems. Subscribers will soon access services like banks. They can withdraw claims using ATMs. This includes amounts up to Rs 7 lakh under the EDLI sche

Fri, 13 Dec 2024 17:11:18 +0530

India's forex reserves fall by $3.23 bn at $654.86 bn as on Dec 6

India's foreign exchange reserves decreased by $3.23 billion to $654.86 billion during the week ending December 6, 2024. The drop was mainly due to a fall in Foreign Currency Assets. Gold reserves r

Fri, 13 Dec 2024 15:05:22 +0530

Fitch slashes India's GDP forecast to 6.4% for FY25. But it has few good things to say

Fitch Ratings lowered India's GDP growth forecast for 2024-25 to 6.4% from 7%, echoing the Reserve Bank of India's reduced projection. Despite recent mixed indicators, Fitch maintains a positive outlo

Fri, 13 Dec 2024 14:54:50 +0530

Modi govt consistently hiked capex: MoS Finance

India's infrastructure spending has seen a significant boost under the Modi government, targeting Rs 11.11 lakh crore for the current fiscal year. This investment aims to improve connectivity and con

Fri, 13 Dec 2024 11:14:55 +0530

Food inflation in richer states cooling down faster

The State Bank of India reports that food inflation has fallen more sharply in wealthier Indian states than in poorer ones over the last decade. Labor migration to wealthier regions is cited as a cont

Fri, 13 Dec 2024 05:30:00 +0530

Retail inflation falls, industrial output expands

Manufacturing growth came in at 4.1%, with 18 of the 23 sectors recording expansion. The top three contributors were basic metals (3.5%), electrical equipment (33.1%) and coke and refined petroleum pr

Fri, 13 Dec 2024 01:15:45 +0530

NARCL has acquired 22 accounts with an exposure of Rs 95,711 cr

The secretary, department of financial services (DFS), M. Nagaraju, chaired review meetings Thursday with stakeholders, including representatives from Public Sector Banks, the Insolvency and Bankruptc

Fri, 13 Dec 2024 01:12:44 +0530

Trade talks with EU need political direction for meaningful deal: Govt

India and the EU are in discussions for a free trade agreement. Both sides seek a balanced deal. Services trade is a key aspect of the negotiations. The EU acknowledges India's competitiveness in s

Fri, 13 Dec 2024 01:09:08 +0530

India to become third-largest economy by 2027-28: Ashwini Vaishnaw

"Our nominal growth is around 10% to 11%. So, we should be around Rs 330 lakh crore (around $4 trillion) right now. Simultaneously, the Japanese and German economies are also passing through a very to

Fri, 13 Dec 2024 01:06:04 +0530

Our growth will be back on track despite global uncertainties: Piyush Goyal

Commerce Minister Piyush Goyal assures India's economic growth will rebound. Growth slowed recently due to elections and global factors. Festive spending and infrastructure projects are boosting the

Fri, 13 Dec 2024 01:04:12 +0530

Country will return to 7%-plus growth in coming quarters: Arvind Panagariya

India's GDP growth in the September quarter fell to a seven-quarter low of 5.4%, raising concerns about slowdown and many private economists as well as multilateral institutions have slashed their pro

Fri, 13 Dec 2024 01:02:14 +0530

Trump tariffs could prove good for us, says Ficci Chief

FICCI President Agarwal urges Indian industries to build robust supply chains. He anticipates consumption growth will rebound. Agarwal notes food inflation's impact on spending. He hopes some of Trum

Thu, 12 Dec 2024 23:20:24 +0530

India's structural reforms need acceleration: World Bank's chief economist Indermit Gill

World Bank Chief Economist Indermit Gill urged India to accelerate structural reforms for its transition to a high-income nation. He highlighted inefficiencies in capital utilisation, talent allocatio

Thu, 12 Dec 2024 23:13:27 +0530

Panagariya open to Chinese investments with caution

Former Finance Commission chairman Arvind Panagariya suggested India remain open to Chinese investments, except in sensitive sectors, mirroring the approach of countries like the US and Germany. He al

Thu, 12 Dec 2024 23:09:05 +0530

Imports not a concern as long as exports continue to grow: Commerce Secretary

Commerce Secretary Sunil Barthwal advised against excessive import concerns if export shares rise. He emphasized avoiding protectionism and a mercantilist approach, stating imports are crucial for a g

Thu, 12 Dec 2024 23:02:50 +0530

Private sector will continue to deploy capital, boost investments: CEA Nageswaran

India's Chief Economic Adviser, V Anantha Nageswaran, projected confidence in private sector investments driving GDP growth to 35% over the next five years. He reaffirmed the 6.5-7% real economic grow

Thu, 12 Dec 2024 22:09:59 +0530

India’s FDI inflows hit $1 tn, Taiwan cos shift supply chains to India

India has achieved $1 trillion in cumulative FDI since 2000, driven by a favorable business environment and innovation. The first half of the current fiscal year saw a 26% surge in FDI to $42.1 billio

Thu, 12 Dec 2024 18:23:33 +0530

India should remain open to investments from China: Panagariya

Former Finance Commission Chairman Arvind Panagariya advocated for India to remain open to Chinese investments, except in sensitive sectors, mirroring the approach of countries like the US and Germany

Thu, 12 Dec 2024 17:03:18 +0530

Expect economic growth of 6.5-7 pc this fiscal; pick up in private investment: FICCI President

FICCI President Harsha Vardhan Agarwal anticipates 6.5-7% GDP growth for the current financial year, despite Q2's 5.4% being a "temporary phenomenon." He expects private investment to rise with incre

Thu, 12 Dec 2024 16:37:56 +0530

Govt seeks Parliament nod for Rs 44,143 crore extra spending in FY25

The government is seeking parliamentary approval for an additional ₹44,143 crore in spending for the current fiscal year. This includes increased allocations for agriculture, fertilisers, and defe

Thu, 12 Dec 2024 16:37:00 +0530

Asia rice:New season supplies rise in India; Vietnam rates drop

Indian parboiled rice prices held steady this week due to strong African demand, counteracting pressure from new crop yields. Vietnamese prices fell on strong supplies, while Thai prices edged up sli

Thu, 12 Dec 2024 16:23:47 +0530

We should not be overly concerned about imports as long as exports' share grows: Commerce Secretary

Commerce Secretary Sunil Barthwal emphasised India's focus on export share growth over import concerns, advocating against protectionism. He highlighted the importance of imports for a growing economy

Thu, 12 Dec 2024 16:06:43 +0530

India's industrial production grows 3.5% in October

India's Index of Industrial Production (IIP) grew by 3.5% in October 2024, up from 3.1% in September 2024. This positive growth was driven by strong performance in key sectors like basic metals, elec

Thu, 12 Dec 2024 16:02:50 +0530

India’s retail inflation eases to 5.48% in Nov from 6.21% in Oct as food prices moderate

India's retail inflation eased to 5.48% in November, down from 6.21% in October, driven by moderating vegetable prices and stabilized edible oil costs. The RBI's Monetary Policy Committee raised infla

Thu, 12 Dec 2024 15:07:49 +0530

Govt considering proposal to impose safeguard duty on steel imports

The Indian government is considering a 25% safeguard duty on steel imports to address concerns raised by domestic producers about rising imports, especially from China. While over 60% of imports arriv

Thu, 12 Dec 2024 14:25:14 +0530

Energy transition should be done without compromising growth, says CEA V Nageswaran

India's Chief Economic Advisor, V Anantha Nageswaran, stressed cautious energy transition to maintain economic growth and job creation. He highlighted the need to balance climate goals with economic

Thu, 12 Dec 2024 14:14:03 +0530

Key Indian minister confident India will remain the champion

India's Commerce Minister Piyush Goyal expressed confidence in the country's economic recovery, projecting it to remain the fastest-growing major economy despite a recent slowdown. While acknowledgin

Thu, 12 Dec 2024 13:40:45 +0530

Budget 2025 needs to boost infrastructure spending for GDP growth

Experts urge a 30% boost in India's infrastructure spending for the upcoming 2025 budget, aiming for ₹18 lakh crore. This increase is crucial to revive GDP growth, with infrastructure investment off

Thu, 12 Dec 2024 13:38:34 +0530

Edible oil import up 39% in November on higher shipment of crude sunflower, soyabean oils: SEA

India's edible oil imports surged 38.5% to 1.59 million tonnes in November 2024, driven by increased shipments of crude sunflower and soybean oils. While palm oil imports dipped, the overall vegetabl

Thu, 12 Dec 2024 13:13:29 +0530

India's economic growth by end of this fiscal will be back on track: Commerce Minister Piyush Goyal

Commerce and Industry Minister Piyush Goyal expressed confidence that India's economic growth will recover by the end of the fiscal year, despite global uncertainties. He highlighted positive indicato

Thu, 12 Dec 2024 12:54:03 +0530

India needs $2.2 trillion investment on infra to become 7$ trillion economy by 2030: Report

India needs a $2.2 trillion infrastructure investment to reach a $7 trillion economy by 2030. Private participation has fallen sharply, necessitating radical measures to boost investment. Increased p

Thu, 12 Dec 2024 12:51:16 +0530

Govt seeks parliament nod for extra spending of Rs 86,730 for FY25

The Indian government has requested parliament's approval for additional spending of Rs 86,730 crore ($10.22 billion) in the current fiscal year. Of this, Rs 44,183 crore will be net new spending, whi

Thu, 12 Dec 2024 12:40:01 +0530

India-UK free trade pact talks to resume by Jan-end

India and Britain will resume negotiations on a free trade agreement by the end of January, according to an Indian government source. Talks, which have been ongoing with interruptions for two years, w

Thu, 12 Dec 2024 12:29:58 +0530

India, EU aiming for balanced, ambitious comprehensive and mutually beneficial FTA: Piyush Goyal

India and the EU are working towards a mutually beneficial Free Trade Agreement, aiming to boost trade and economic ties. Commerce Minister Piyush Goyal emphasised the importance of a balanced deal,

Thu, 12 Dec 2024 12:22:52 +0530

17 states achieved over 9% and 25 states over 7% GSDP growth post-COVID: PHDCCI report

India's states have shown strong economic recovery post-COVID-19, with 25 states achieving over 7% growth in Gross State Domestic Product (GSDP) during FY22 and FY23, according to a PHDCCI report. Amo

Thu, 12 Dec 2024 11:00:30 +0530

Tax refunds up by 46.31% to Rs 3.08 lakh crore in FY 2024-25: Finance Ministry

The Finance Ministry announced a significant boost in tax refunds for the financial year 2024-25, with Rs 3.08 lakh crore issued between April 1 and November 27, marking a 46.31% increase from the pre

Thu, 12 Dec 2024 05:30:00 +0530

RBI Governor bats for continuity, stability in policy decisions

RBI's new governor, Sanjay Malhotra, emphasized policy continuity, stability, and inclusivity. He acknowledged the need for dynamism amidst global challenges and reiterated the central bank's commitm

Thu, 12 Dec 2024 00:36:01 +0530

District adminstration should be involved in onion procurement: Ministry

In a written reply to Lok Sabha, Minister of State for Food and Consumer Affairs B L Verma said, the Department of Agriculture constituted a fact finding committee to look into allegations of irregula

Thu, 12 Dec 2024 00:27:12 +0530

Leverage employment-linked incentive scheme: Labour Secretary

India's labor secretary encouraged businesses to use the new ELI scheme. The scheme offers incentives for hiring more manufacturing workers. It aims to boost formal employment and job creation. Ind

Health Care

Cleaning Products

Beauty Products

News Feed

brand logos