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 global minimum tax on billionaires equal to 2% of their wealth.
The US has emerged as India’s biggest trading partner during the first half of the current financial year despite global economic uncertainties and declining exports and imports, according to government data.
The country’s first silos for storing rice built under a private-public-partnership (PPP) model with the Food Corporation of India (FCI) will be commissioned in November. Two rice silos with combined capacity of 25,000 tonne have been built by the National Commodity Management Services Ltd (NCML) at Buxar and Kaimur in Bihar under the DBFOT model.
In a battle of future Badminton stars from India, Unnati Hooda beat Samiya Imad Farooqui to capture the women's singles title at the Abu Dhabi Masters 2023, on October 22.
The bankruptcy court has approved the proposal for Himadri Speciality Chemical and Dalmia Bharat Refractories to acquire Birla Tyres. The company has admitted liabilities of over '1,662 crore. The consortium plans to focus on niche spaces such as electric vehicle (EV) and specialty tyres.
At the 4th Asian Para Games being held in Hangzhou, China, India began its campaign by adding 9 medals including 3 gold, 3 silver, and 3 bronze to its medal tally.
India’s U15 shuttler Bornil Aakash Changmai overcame Fan Hong Xuan of China in the final to clinch the gold medal in the Badminton Asia U17 and U15 Junior Championships in Chengdu.
The 13-year-old became the second junior badminton player after Siril Verma in 2013 to bag the top podium finish in the prestigious tournament.
In a bid to diversify offerings, the National Payments Corporation of India (NPCI)-backed Bharat BillPay on October 19 announced its foray into the B2B space with the launch of multiple value-added services.
US-based tech giant Google has announced the launch of sachet loans, along with four other credit initiatives, on the Google Pay app in India.
Months after bringing in the generative AI capabilities in Google Search, the US-based tech giant has now announced introducing more new features to enhance the experience in India.
The Government of Tamil Nadu and Hindustan Coca-Cola Beverages Pvt Ltd (HCCB) have collaborated to train 5,000 individuals under the government’s ‘Naan Mudhalvan’ scheme.
The partnership with the Tamil Nadu Skill Development Corporation will train 5,000 youths under sales and marketing verticals.
Aurobindo Pharma received the final approval from the US Food & Drug Administration (USFDA) to manufacture and market a drug that treats hypogonadism.
In a bid to tackle the growing menace of illegal instant loan apps, the Ministry of Electronics and Information Technology (MeitY) has urged the Reserve Bank of India (RBI) to design for banks a more detailed KYC process that companies will have to furnish. It will help trace errant loan apps, the ministry believes.
Indian Panorama, the flagship component of the International Film Festival of India (IFFI), announces the selection of 25 feature films and 20 non-feature films. The selected films will be showcased at the 54th IFFI to be held from 20th - 28th November 2023 in Goa.
Former India captain Bishan Singh Bedi passed away. He was 77 years old.
The legendary spinner played 67 Tests for India between 1967 and 1979 and picked 266 wickets. He also took seven wickets in 10 One-Day Internationals.