Industry Growth
Food Industry Urges To Restore Input Tax Credit For Revival
Feature Food National News

Food Industry Urges To Restore Input Tax Credit For Revival

The food and hospitality sector stands united, appealing to the government for the restoration of input tax credit for GST, citing the escalating costs faced by the industry As Finance Minister Nirmala Sitharaman is gearing up to unveil the Union Budget 2024 on 1 February, all sectors have articulated their expectations from the government. The […]

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India's Direct Tax Collections Jump 17.7% In FY24, Surpass Estimates
Finance Government Manufacturing National News

15% Tax Rate For New Factories Likely To Be Extended Till March 2025

In a move aimed at further incentivising fresh investments in the manufacturing sector and promoting ease of compliance, the Indian government is reportedly considering extending the lower tax rate of 15 per cent for companies establishing new manufacturing units. As per reports, this extension is likely to be announced in the upcoming Interim Budget scheduled […]

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Honda Considers Massive $14 Bn Electric Vehicle Plant In Canada
Brands Companies News

Honda Considers Massive $14 Bn Electric Vehicle Plant In Canada

Honda Motor is considering building an electric vehicle plant in Canada in a near USD 13.83 billion project that could include in-house production of batteries, Japan’s Nikkei news group reported on Sunday. The project could be one of Honda’s largest investments, the report said. Honda declined to comment on the report, saying there was nothing […]

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