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ED issues FEMA notice to Paytm over past acquisitions

India’s Paytm received a show cause notice from India’s financial crime fighting agency on Saturday for allegedly violating the country’s Foreign Exchange Management Act. The notice relates to violations relating to the acquisition of two subsidiaries – Little Internet Private Limited and Nearbuy India Private Limited for the years 2015 to 2019, the Paytm said...
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IACC and US Consulate Collaborate on White Paper for India’s Semiconductor Industry

Nagpur, Mar 1 (KNN) The Indo-American Chamber of Commerce (IACC), in collaboration with the US Consulate, is drafting a white paper to advance India’s semiconductor industry. The report will outline the needs of India’s domestic sector while incorporating perspectives from US stakeholders, particularly on intellectual property rights (IPR) and technology transfer. Sources indicate that the white paper...
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PM Modi Reviews Ayush Sector Growth, Highlights Global Leadership In Traditional Medicine

New Delhi, Feb 28 (KNN) Prime Minister Narendra Modi recently chaired a high-level meeting at 7 Lok Kalyan Marg to review the Ayush sector’s development, emphasising its critical role in holistic healthcare, traditional knowledge preservation, and contribution to India’s wellness ecosystem.  The meeting focused on evaluating the sector’s progress since the establishment of the Ministry...
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Budget 2025 – A fine blend of tax reforms and growth

Finance minister Nirmala Sitharaman has delivered a realistic and positive punch to keep the economy progressing, especially with a strong push to boost urban consumption, at a very crucial time of challenges globally and domestically. The biggest positive of Budget 2025 is the reduction of taxes for the middle class, which leaves more money in...

‘Personal income tax buoyancy helped to offer relief; states may have deregulations as conditions for capex loans’

In a post-budget interview with Mint, Pandey also said the government’s push for deregulation could see them being implemented as mandatory reforms, which states are required to implement to qualify for a share of the Centre’s 50-year interest-free capex loans. Meanwhile, the 16th Finance Commission, headed by economist Arvind Panagariya, will give guidance on the...

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