tax reforms

TNN

It changed how it taxes alcohol, which made the 'premium' stuff cheaper — and it's supposed to be good for everyone. Is it?

The International Monetary Fund (IMF) has allocated $695 million to support Sri Lanka's recovery efforts following Cyclone Ditwah and the ongoing crises in West Asia. While the country faces significant challenges, its commitment to economic reforms demonstrates remarkable resilience. Unfortunately, the escalating conflict has intensified economic difficulties, with growth anticipated to decelerate.

In a bold move aimed at enhancing governance, the Bihar government has implemented a sweeping administrative reshuffle, elevating ten IAS officers, including three to the prestigious role of Additional Chief Secretary. Among the notable changes, Deepak Kumar Singh has been appointed as Principal Secretary to the Governor, while Arvind Kumar Choudhary and B Rajender expand their portfolios with new responsibilities.

Tamil Nadu theatres can now screen five shows daily for new films during their initial week and on weekends/holidays. This significant rule change, following industry discussions, eliminates the need for special permissions for these extra screenings. The move aims to boost flexibility for exhibitors and cater to increased audience demand, marking a key reform for the state's cinema landscape.

10% Weight For Contribution to Nat’l GDP Introduced

As India opens its markets through FTAs, domestic cost structures, especially those linked to GST credit accumulation, become even more critical to ensure a level playing field.

New industrial policy ‘designed’ to directly encourage companies to recruit local youth

For fuel, price hikes will do the job. For rupee, a hike in interest rates, one-time dollar bonds issue for NRIs & capital gains tax rejig will do the trick. Remember, our macros are just fine