The Finance Ministry has approached the Supreme Court seeking clarification regarding the issuance of tax notices to online gaming companies. This exclusive development was first reported by CNBC-TV18, highlighting the government’s efforts to resolve ambiguities in the Goods and Services Tax (GST) framework for the growing online gaming sector. Key Issue: Tax
The Indian government has unveiled a new credit guarantee scheme designed to provide collateral-free loans up to ₹100 crore to Micro, Small, and Medium Enterprises (MSMEs). This initiative aims to facilitate capital investment in the manufacturing sector, enabling MSMEs to acquire machinery and equipment without the need for collateral or third-party guarantees. Key
Leading international alcohol producers, such as Diageo, Pernod Ricard, and Carlsberg, are collectively seeking approximately $466 million in outstanding payments from the Indian state of Telangana. This financial dispute underscores the challenges faced by liquor companies operating within India’s state-regulated alcohol market. Background of the Dispute In India,
Union Minister for Communications, Electronics & Information Technology, Jyotiraditya Scindia, recently convened a meeting with leading telecom equipment manufacturers to discuss strategies aimed at boosting domestic production and reducing reliance on imports. The meeting focused on identifying challenges faced by the industry and exploring collaborative solutions to
The Indian government has proposed new digital personal data protection rules requiring minors to obtain parental consent before joining social media and online gaming platforms. This proposal, under the draft Digital Personal Protection Rules, aims to enhance online safety for children and ensure responsible digital usage. Key Highlights of the Proposal The rules mandate
India’s manufacturing sector experienced a slowdown in December 2024, as indicated by the latest Purchasing Managers’ Index (PMI) data. The PMI fell to 56.4 from 58.6 in November, signaling a moderation in growth despite remaining above the crucial 50-mark that separates expansion from contraction. Key Highlights from the PMI Report The decline in the PMI […]
In its first cabinet meeting of 2025, the government approved a one-time special package worth Rs 3,850 crore to subsidize Di-Ammonium Phosphate (DAP) fertilizer. This decision underscores the government’s commitment to supporting the agricultural sector by addressing rising input costs for farmers. Focus on Agricultural Support The subsidy aims to mitigate the financial
In a significant move to promote gender equality in the workforce, the central government has advised state governments to prioritize deregulation of laws that hinder women’s participation in workplaces. The call for reform aims to create a more inclusive and enabling environment for women across sectors. Focus on Easing Workplace Restrictions The Centre highlighted the
India is poised to revamp its agricultural export policy to expand its presence in emerging markets and enhance its global competitiveness. According to a recent report, the revised framework will focus on addressing supply chain inefficiencies, improving export infrastructure, and diversifying agricultural products to cater to evolving global demands. Focus on Emerging
India has taken a decisive step to ban drone imports, a move aimed at bolstering local innovation and manufacturing within the country. Union Civil Aviation Minister K Ram Mohan Naidu announced the ban during the National Drone Summit in Amaravati, Andhra Pradesh. The government believes this strategy will empower Indian startups and entrepreneurs in the […]