BBC tax raid case: ITAT partly allows appeals, reduces taxable profit in India to 12 percent

The Economic Times has reported a new India-focused economy development: “RBI invites public comments on draft rules to standardise how lenders set interest rates.” The publisher's feed describes the story as follows: The Reserve Bank of India has proposed new rules for loan interest rates. These directions aim to harmonize lending practices across various financial entities. Benchmark-linked lending and interest calculation methods will see stricter regulations. The proposed framework will tak

Mint has reported a new India-focused economy development: “Mint Quick Edit | The case for alphabet targeting: a credit rating upgrade would aid India’s economy.” The publisher's feed describes the story as follows: Fitch held India’s rating at BBB minus, even though the country’s relatively high debt pile is manageable. With national debt now an explicit fiscal target, budgets must be kept tight to secure rating upgrades across global rating agencies. Intellectual Janata Party includes this i

The Economic Times has reported a new India-focused economy development: “India's 'BBB-' rating unchanged: Fitch cites energy shocks, fiscal weakness, but praises growth.” The publisher's feed describes the story as follows: Fitch Ratings kept India's sovereign credit rating at BBB- with a stable outlook. Robust growth and solid external finances balance fiscal weaknesses and energy shocks. India's macroeconomic stability and policy credibility could underpin continued robust growth. High defic

Mint has reported a new India-focused economy development: “Investors turn to riskier bets as large-cap funds see net outflows in July.” The publisher's feed describes the story as follows: Large-cap funds saw outflows of ₹1,321 crore in July, the first monthly outflow in nearly three years, according to data from the Association of Mutual Funds of India. By contrast, investors pumped ₹7,767 crore into small-cap funds during the month, while mid-cap funds saw inflows of ₹6,192 crore. Intellect