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Governments could still set whatever local corporate tax rate they want, but if companies pay lower rates in a particular country, their home governments could top up their taxes to the 15% minimum, eliminating the advantage of shifting profits.

Net Direct Tax Collection Surges by 19%

The government has budgeted to collect Rs 18.23 lakh crore from direct taxes, 9.75% higher than Rs 16.61 lakh crore...

12 Jan 2024 3:10 AM IST

Generally, milling copra is used to extract oil, while ball/edible copra is consumed as a dry fruit and used for religious purposes. (AA FIle Image)

Cabinet approves increase in Copra MSP for 2024

The states like Kerala and Tamil Nadu are major producers of milling copra, whereas ball copra is produced predominantly...

28 Dec 2023 12:52 AM IST

Indias robust economic growth will boost demand at corporates, despite weakness from slowing growth in key overseas markets, Fitch ratings said in a statement on Friday. (File Image: PTI)

India to be among fastest growing nations with 6.9% growth in FY25

Demand will remain strong for cement, electricity and petroleum products

23 Dec 2023 1:33 AM IST

The International Monetary Fund. (Photo- AFP)

IMF Sees India Adding 16% to Global Growth

India's economy has rebounded strongly from the pandemic to become an important driver of global growth

20 Dec 2023 2:02 AM IST

The House also approved an additional outgo of Rs 9,200 crore spending by the Ministry of Petroleum and Natural Gas. (PTI File Image)

LS Gives Nod for Additional Cash Outgo of Rs 58,378 Crore

For the full 2023-24, the government has budgeted the fiscal deficit to be Rs 17.86 lakh crore or 5.9 per cent of the...

13 Dec 2023 1:44 AM IST

In the previous session, Sensex ended 132.38 points or 0.25 per cent lower at 52,100.05. (Photo: PTI/File)

Sensex hits 70K-mark, Nifty touches 21K-level

At market close BSE's market capitalisation also stood at a new all time high of over Rs 351.09 lakh crore

12 Dec 2023 1:48 AM IST

Bengaluru-based education and learning app founder and CEO Byju Raveendran.

ED notice to Byju's for Rs 9K-cr fraud

The notices were issued on the basis of the complaint filed by the ED under FEMA for violation of the foreign exchange...

22 Nov 2023 12:46 AM IST

GST has helped interstate movement of goods. Representational Image. (DC File Image)

GST Collections Rise 13 pc to Rs 1.72 Lakh Cr in October; Second...

The average gross monthly GST collection in the current fiscal has also shown an 11 per cent growth year-on-year at Rs...

2 Nov 2023 12:35 AM IST

A farmer collects wheat kernels into a bucket before being poured into sacks during the harvest season, in a field in the countryside of al-Kaswa, south of Syrias capital Damascus. (AFP)

Govt hikes wheat MSP by Rs 150 to Rs 2,275 per quintal for 2024-25

Wheat is the main rabi (winter) crop and its sowing begins in October while harvesting starts from April

19 Oct 2023 12:14 AM IST

The government notifies the interest rate on small savings schemes, majorly operated by post offices, every quarter.

Government Increases Interest Rate on 5 Year Recurring Deposit Scheme

The interest rate on the popular girl child scheme Sukanya Samriddhi Account has been retained at 8 per cent

30 Sept 2023 1:00 AM IST

Payments on UPI in June hit an all-time high. (PTI Photo)

World Bank Hails India's Digital Public Infrastructure Approach, Cites...

India's DPI has not only transformed the public sector

8 Sept 2023 8:38 PM IST

Indias GDP to contract 16.5 pc in Q1 as pandemic spreads, says SBI report. (Representative Image)

India's resilient GDP rises 7.8%

India remained the fastest-growing major economy as China posted a 6.3 per cent growth in April-June 2023

1 Sept 2023 12:33 AM IST