Category: Articles
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Direct Tax Collections Surge in FY25: A Positive Trend for India’s Economy
In the fiscal year 2024-25 (FY25), India witnessed a remarkable surge in net direct tax collections, reflecting the country’s economic resilience and recovery. According to official data, the net direct tax collection increased by an impressive 19.54%, reaching ₹5.74 lakh…
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Government Urged to Act in Upcoming Budget to Tackle Surging Steel Imports
The steel industry is anxiously awaiting the upcoming interim budget, anticipating the government’s intervention to address the escalating issue of cheap steel imports. Concerns have risen as the country turned into a net importer of finished steel in the first…
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Indian Laws Relevant to Compensation
Payment of Wages Act, 1936 The act was introduced as a measure in response to illegal deductions in the wages by the management and delay in disbursing the salaries of workers. The act mandated timely payment of wages without unauthorized…
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Revolutionizing NBFCs: A Breakdown of RBI’s Scale Based Regulation Directions 2023
Revolutionizing NBFCs: A Breakdown of RBI’s Scale Based Regulation Directions 2023 The recent regulatory shakeup introduced by the Reserve Bank of India (RBI) through the Scale Based Regulation (SBR) Directions 2023 is reshaping the landscape for Non-Banking Financial Companies (NBFCs).…
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Walmart shifts to India
Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain. The world’s largest retailer shipped one-quarter of its US imports from India…
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Local FMCG Brands Resurge, Posing a Challenge to Industry Giants
In a surprising turn of events, local players in the fast-moving consumer goods (FMCG) sector, specializing in products like biscuits, soap, washing powder, and detergent, have expanded their reach to 31% more households in the country during the September quarter.…
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India’s Current Account Analysis and Outlook
Introduction: The current account, a key component of a nation’s balance of payments, serves as a crucial barometer, reflecting a nation’s economic ties with the global market. It encompasses trade in goods and services, cross-border investments, and transfer payments, portraying…
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2023 Rewind
Technology in HR was a game-changer in 2023. With an array of challenges surfacing on account of various events, from the back of office transition to increasing layoffs in startups, remarkable innovative tech solutions were implemented. The following list encapsulates…
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The way forward for EV
EV sales in India grew by 48 percent year-on-year in CY2023. A total of 15,26,319 electric vehicles were registered in the country last year compared to 10,25,116 in 2022. According to Vahan, a website that registers vehicles in India, 72,321…
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Rural Demand Sluggish for FMCG
Rural Demand and Volume Growth The performance of Fast-Moving Consumer Goods (FMCG) companies in Q3FY24 has been shaped significantly by two key factors: the extent of margin recovery and the state of rural demand. Unfortunately, only the former played out…