Oxfam India's report states that the richest one percent of Indians own more wealth than the poorest fifty percent. The wealth held by the top five percent is 61.7%, nearly 20 times greater than the 3% held by the bottom half.
The company said that it has filed a patent in collaboration with the King Khalid University, Saudi Arabia.
This prestigious DSIR recognition not only acknowledges the company’s R&D activities but also encourages maintaining the activities at par with international standards.
Adani Group's commitment to growing 100 million trees by 2030 is the largest 1t.org pledge in India so far and among the most ambitious corporate pledges globally.
The United Nations has warned that the ongoing economic slowdown caused by the COVID-19 pandemic, Russian invasion of Ukraine will force many workers into poorly paid jobs.
The WEF said globally businesses are expected to cut costs significantly in response to economic headwinds, but chief economists are optimistic about inflation and strong balance sheets.
Citing the reason behind the abrupt jump of Russia, the Commerce Ministry said the import of crude oil rose significantly in the current financial year.
As the government prepares to release the 2023 budget, tax experts are expecting measures to boost economic growth and support small and medium-sized businesses, simplification of the tax code, measures to increase compliance and reduce tax evasion.
The National Payments Corporation of India is set to launch a new feature that will allow NRIs to link their foreign mobile number with their Indian bank account for UPI transactions.
ShareChat's spokesperson has also confirmed the layoff news and stated that the decision was taken to prepare the company for sustaining through these headwinds. Companies like Ola, Dunzo, Byjus, OYO and Blinkit have also announced the layoff in recent months because of the lack of funding.
Vodafone, the multinational telecommunications firm, is planning to lay off hundreds of employees, primarily from its London headquarters, as part of its cost-cutting measures amid ongoing macroeconomic conditions.
In the final full budget before the 2024 general elections, the central government may make a few minor adjustments to the new income tax system.
The World Economic Forum (WEF) is set to take place in Davos, Switzerland from January 16 to 20, 2023. As one of the most highly-anticipated events in the global economic calendar, the WEF brings together some of the world's most powerful leaders to discuss the most pressing issues.
The revenue budget is the most important component of the government budget. It includes all the revenue that the government expects to collect during the fiscal year, such as taxes and non-tax revenue.
The minister assured them that the government can do more for the middle class as its population is growing and has become sizeable now.
IFour Cs stands out for its continuity, correctness, conservatism, and capex-driven crowding in of private investment.
In FY24, the railway ministry's total capital expenditure (capex) is anticipated to rise by 20% to Rs 3 trillion.
The government relies heavily on both tax and non-tax revenues to fund its operations. Non-tax revenues are the recurring income that the government earns from revenue sources other than taxes, while tax revenues are collected on income and profits.
Karnataka budget: CM Bommai, who also holds the Finance portfolio, will be presenting the budget. The upcoming budget is important for the ruling BJP as it will be the last one ahead of assembly elections by May.
The newly elected Congress Government led by Sukhvinder Singh Sukhu regime has restored the Old Pension Scheme (OPS) for Himachal Pradesh government employees with immediate effect. This has stirred a debate around the two variants of Pension Scheme in India.
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