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tax clearance certificate

Tax clearance certificate to go abroad: Not applicable to everyone, govt clarifies

The Ministry of Finance has said in the Budget that Indians going abroad must get a tax clearance certificate from the Income Tax department. The proposal caused an outrage on social media, following which the ministry has clarified that the rule only applies to those accused of financial irregularities.

Finance Minister Nirmala Sitharaman

Ahead of union budget 2024-25, Economic Survey forecasts India's GDP growth at 6.5-7% for FY25

The projection in the Economic Survey is a tad lower than the Reserve Bank's growth estimates of 7.2%. However, major global agencies, including the International Monetary Fund (IMF) and Asian Development Bank, have projected the growth at 7%.

Tesla CEO ELon Musk

Gujarat, Tamil Nadu invite Tesla's component suppliers to lure the EV maker into India

Three component suppliers of Tesla and other automakers recently visited Gujarat, while two European suppliers are looking to expand operations in Tamil Nadu.

Byju’s faces bankruptcy

Byju’s faces bankruptcy proceedings following BCCI petition over 158 crore default

Byju Raveendran, the visionary behind the renowned edutech giant, Byju’s, is on the brink of losing his managerial grip on the company he established in 2011. Once valued at $22 billion in 2022, Byju’s has faced a series of financial setbacks, causing its valuation to plummet to below $200 million.

Union Budget 2024-25

Union Budget 2024-25: Anticipations high as government prepares transformative reforms

The Union Budget 2024-25, set to be presented by Finance Minister Nirmala Sitharaman on July 23, aims to chart India’s path to becoming a developed nation by 2047. Key focus areas include infrastructure development, digital transformation, MSME support, and financial inclusion. Market expectations highlight potential changes in import duties, retail sector boosts, and significant reforms in the education sector.

Rajul Patkar and Mukul Singh

IIT Bombay scientists develop Nutrisen, a technique to advance soil testing

Rather than increasing the number of expensive and resource-intensive labs, Rajul and her colleague Mukul created Nutrisens, a portable device that makes soil testing as simple as using a glucometer.

Adani Vizhinjam port in Kerala

First mothership docks at Adani's Vizhinjam Port, boosts India's global port presence

The arrival of the first mother ship at Adani Group's Vizhinjam Port has put India in the global port business as the port is expected to be ranked 6th or 7th internationally.

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