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Economy

September 20, 2023 12:32 PM

CBDT extends deadline for ITR-7 and audit report filings for AY 2023-24

In a much-welcomed move by the Central Board of Direct Taxes (CBDT), the deadline for filing audit reports and Income Tax Return in Form ITR-7 for Assessment Year 2023-24 has been extended. This extension comes as a relief to taxpayers, particularly ...

September 19, 2023 3:56 PM

African Union to launch own credit ratings agency

The African Union plans to launch a new African credit rating agency next year in response to its concerns about what it views as unfair ratings given to African countries. The agency will generate its own evaluation of lending risks associated with...

September 18, 2023 2:59 PM

FOREX-Dollar hovers near six-month high before key central bank decisions

The US dollar is currently at a six-month high as traders anticipate interest rate decisions from the Federal Reserve, the Bank of England, and the Bank of Japan this week. The euro is roughly level against the dollar at $1.0658, while the Japanese y...

September 14, 2023 2:25 PM

Cabinet resolution on the success of the New Delhi G20 Summit

The Union Cabinet in its meeting today passed a resolution hailing the success of the New Delhi G20 Summit, held on 9-10 September 2023. The Cabinet lauded the vision of PM Modi in setting out various aspects of the theme ‘One Earth, One Family, O...

September 13, 2023 9:45 AM

Consensus reached by GCC countries to ratify Kigali Amendment to the Montreal Protocol

GCC ministers responsible for climate and environment affairs reached a consensus on the Kigali Amendment to the Montreal Protocol on Substances that deplete the Ozone Layer, during their 25th meeting in the Sultanate of Oman. The consensus includes...

September 12, 2023 9:52 AM

Indian Startup Delegation at India Mission in Dubai to strengthen collaboration with UAE

The Consulate General of India in Dubai welcomed a delegation of 15 Indian startups in a bid to foster collaboration and innovation between Indian and UAE entrepreneurial ventures. This delegation, organized by Carve Startup Labs, served as a catalys...

September 12, 2023 9:35 AM

India’s diplomatic endeavours at G20: Strengthening global partnerships

The G20 Summit in New Delhi served as a platform for Indian Prime Minister Narendra Modi to engage in a series of bilateral meetings with world leaders, reinforcing diplomatic ties and discussing key areas of cooperation. These meetings showcased Ind...

September 11, 2023 5:20 PM

Eurozone faces economic challenges as germany enters recession

The European Commission has issued a revised economic forecast, painting a less optimistic picture for the Eurozone's growth prospects. High inflation and Germany's entry into recession this year have contributed to the region's economic woes, leadin...

September 11, 2023 3:25 PM

India’s clean energy push at G20 is a historic initiative

The launch of a global biofuel alliance at a recently concluded and very successful G20 summit in New Delhi, is a great step towards energy transition. Aimed at boosting the use of cleaner fuels, this global alliance on ethanol has the potential to e...

September 11, 2023 9:41 AM

G20: Distance between India-Europe will be reduced by thousands of km: Ashwini Vaishnaw

Numerous crucial talks took place during the G20 conference, during which many key agreements were reached. Using the telecom sector as an example, equipment design and production received attention in America, resulting in increasing exports. Union ...

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