Gross direct tax collections for the Financial Year (FY) 2023-24 in India touched Rs. 19.58 lakh crore, compared to Rs 16.64 lakh crore in FY 2022-23, reflecting an increase of 17.70 per cent. According to a release from the Union Ministry of Finance, the Budget Estimates (BE) for Direct Tax revenue in the Union Budget […]
Tamil Nadu State Marketing Corporation (TASMAC) on Monday announced that the excise tax on liquor is to be increased which is to be reflected on liquor prices in Tamil Nadu from 1 February. According to a release from TASMC Administration, “the excise tax on liquors is to be increased and therefore, liquor prices are to […]
In an exclusive conversation with BW Businessworld, Vikas Gupta, CEO of the education and stationary products business division, of ITC Ltd enlightened the current scenarios and plans of the Stationery market. The global stationery market stands at 26.06 billion US dollars in 2023 and is predicted to reach 39.32 billion by 2033, as stated in […]
In an interview with BW Businessworld, Zorawar Kalra of Massive Restaurants speaks about how his father, Jiggs Kalra, inspired him throughout his journey and requests the government to restore input tax credit for GST in the restaurant industry What are your expectations from this budget, considering it’s an interim budget with elections around the corner? […]
Indian smartphone export is likely to have crossed USD 10 billion (over Rs 82,000 crore) in the previous financial year 2023, according to the new industry data. Apple’s ‘Make in India’ smartphones now constitute 50 per cent of total exports, followed by Samsung with 40 per cent of mobile exports and other smartphone players constituting […]
The Union Budget for the fiscal year 2023-24 will be presented in Parliament on 1 February by Finance Minister Nirmala Sitharaman, and the clock has already started ticking. The retail industry has a big wish list for Budget 2023 and retailers in the country express their hopes for the industry ahead of the Budget. Electronics […]
Union Budget 2023 is presented on 1st February, is less than 10 days away, and all the sectors, especially the consumer goods/FMCG companies, are eagerly awaiting to see the possible new initiatives that the FM will announce to boost consumption and drive growth in the sectors. Rural markets continued to pull the FMCG sector down, […]
The Indian retail market is expected to grow to USD 1.5 trillion by 2030, up from USD 0.793 trillion in 2020, due to factors such as urbanisation and income growth. The Indian e-commerce industry, on the other hand, is expected to surpass USD 350 billion by 2030, growing at a Compound annual growth rate (CAGR) […]
