Pointing out that tax evasion is enabling billionaires to enjoy effective tax rates equivalent to 0% to 0.5% of their wealth, the European Union Tax observatory in its ‘Global Tax Evasion Report 2024’ has called for a minimum tax on billionaires equal to 2% of their wealth. This would both address evasion and “generate nearly $250 billion from less than 3,000 individuals”, the report stated.

posted by 23rd Oct 2023

Finance Minister Nirmala Sitharaman hinted on Thursday, and said the government is open to introducing a production-linked incentive (PLI) scheme for investments in the chemicals and petrochemicals sectors.

posted by 28th Jul 2023

The new account settlement mechanism for the stock brokerage business will go into effect on October 1.

posted by V.P.Nimbalkar 23rd Sep 2022

The Government of India recently presented an ambitious strategy for the tourist industry, with long-term income goals of $1 trillion by 2047, when the nation turns 100, and recovery to pre-pandemic levels by 2024, a $250 billion contribution to GDP by 2030, and a global leader by 2047

posted by V.P.Nimbalkar 21st Sep 2022

During the introduction of the National Lists of Essential Medicines (NLEM) 2022, Dr. Mansukh Mandaviya, Union Minister for Health and Family Welfare, spoke about the significance of NLEM

posted by V.P.Nimbalkar 14th Sep 2022