On July 26, 2024, the Colgate Palmolive (India) received a final assessment order from the IT Authority for the assessment year (AY) 2020-21, carrying a demand amounting to ₹248.74 crore.
Three employment-linked schemes were announced in the union budget as part of the Prime Minister’s package. These schemes will be based on enrollment in Employees' Provident Fund Organization (EPFO), focus on recognition of first-time employees, and support to employees and employers.
Taking to X, the PM wrote, “The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the various reforms our Government has brought."
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%.
Three component suppliers of Tesla and other automakers recently visited Gujarat, while two European suppliers are looking to expand operations in Tamil Nadu.
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.
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.
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