ICAI seeks tax benefits to promote climate change mitigation strategies

ICAI seeks tax benefits to promote climate change mitigation strategies

Saturday, 04 January 2025 | PTI | New Delhi

Chartered accountants’ apex body ICAI has sought tax benefits for promoting climate change mitigation strategies and a separate section for income from shares and securities in the income tax returns form. Besides, the Institute of Chartered Accountants of India (ICAI) has sought a special tax regime for partnership firms and limited...

EV firms agree to end subsidy after existing subsidy regime ends: Goyal

Saturday, 04 January 2025 | PTI | New Delhi

Commerce and Industry Minister Piyush Goyal on Friday said the electric vehicle (EV) companies present in the meeting have unanimously agreed that they would no longer need subsidies once the existing subsidy regime ends. Stakeholders from the EV sector held deliberations with the minister here on issues pertaining to development of...

India-EFTA trade pact likely to be implemented before end of 2025: Goyal

India-EFTA trade pact likely to be implemented before end of 2025: Goyal

Friday, 03 January 2025 | PTI | New Delhi

The implementation process of free trade agreement (FTA) between India and the four-nation European bloc EFTA is progressing fast and is expected to come into force before the end of this year, Commerce and Industry Minister Piyush Goyal said. The two sides signed the Trade and Economic Partnership Agreement (TEPA) on...

Inbrief

Friday, 03 January 2025 | Agencies

Inauguration of the Design Clinic Facility to Boost Innovation, Competitiveness for Startups and MSMEs New delhi:  The Design Clinic Facility, a new initiative aimed at empowering startups, MSMEs, entrepreneurs, and innovators, was inaugurated by Dr. N. Kailaiselvi, Secretary, DSIR & DG, CSIR in the presence of Cmde. Indian Railways and the Maharajas'...

Tata Power-DDL joins hands with Delhi Police to enhance public safety awareness

Friday, 03 January 2025 | Pioneer News Service | New Delhi

Tata Power Delhi Distribution Limited (Tata Power-DDL)leading power utility supplying electricity to a populace of around 9 million in North & Northwest part of Delhi, has signed a Memorandum of Understanding (MoU) with Delhi Police, for enhancing public safety awareness across the National capital. Under the MoU, the two parties...

India’s non-life Insurance industry may register double-digit growth in 2025

Friday, 03 January 2025 | PTI | Kolkata

Despite flat general insurance penetration in the country, the non-life insurers are expecting to register double-digit growth in 2025 with a conducive regulatory environment and launch of innovative products catering to specific customer needs, stakeholders said on Thursday. The industry is also expected to meet this expectation if it receives a...

Sasan Power pays $150 million to IIFCL, UK

Friday, 03 January 2025 | PNS | New Delhi

Sasan Power Limited (Sasan Power), a subsidiary of Reliance Power Limited (Reliance Power), on Wednesday has made a bullet payment of US$150 million to IIFCL, UK, fulfilling its debt obligation on 31 December 2024. This repayment will bolster Sasan Power’s debt coverage metrics, improve liquidity, and enhance its credit rating. Sasan Power...

IOCL to provide fueling services at Noida International Airport

Friday, 03 January 2025 | PTI | Mumbai

Indian Oil Corporation (IOCL), a public sector oil marketing company, will provide fueling services at Noida International Airport (NIA) in Jewar, Gautam Buddha Nagar district, Uttar Pradesh. The airport is expected to be inaugurated early next fiscal, according to a statement released on Thursday. Under a 30-year concession agreement, IOCL...