The US Treasury is considering a $1 coin featuring President Donald Trump to mark the country’s 250th anniversary, a Treasury spokesperson said on Friday. In a post on X, Treasurer Brandon Beach shared a coin draft and said that the first drafts, photos shared by a user on X, honor America’s 250th Birthday. “No fake…
Union finance minister Nirmala Sitharaman (ANI photo) NEW DELHI: Finance minister Nirmala Sitharaman said on Friday there will be limited impact of external shocks on India’s growth, due to strong domestic consumption and investment.“The Indian economy is resilient and continues to grow sustainably,” she said at the Kautilya Economic Conclave.The Indian economy is estimated to…
NEW DELHI: Govt’s policy tank Niti Aayog proposed a comprehensive designed framework to enhance tax certainty and predictability for foreign investors. It recommended the introduction of an optional, industry-specific presumptive taxation scheme for foreign firms.Releasing a working paper on Friday, it also backed broader legislative clarity, administrative efficiency, robust dispute resolution mechanisms, and strategic alignment…
The measure, a compromise with companies like Uber, could serve as a model for other states. Source link
Markets regulator Sebi has begun discussions on bringing family offices under its oversight, as the country’s billionaires become a growing force on exchanges, people familiar with the matter said. The discussions include asking family offices to disclose their entities, assets and investment returns for the first time, as well as a separate category to regulate…
The coin, bearing President Trump’s face, would honor the 250th birthday of the United States. Source link
Albert Park, chief economist at the Asian Development Bank, is in India and sat down with TOI to speak on a range of issues from India’s growth to impact of Trump tariffs. Excerpts:How do you look at India against the backdrop of what’s happening geopolitically, especially the Trump tariffs?We’ve downgraded our forecast compared to April….
The company said it had closed its remaining 89 stores this week after struggling for years to stay in business and filing for bankruptcy protection twice. Source link
NEW DELHI: The festive rush is there but car and two-wheeler companies, flush with orders after GST reduction and price cuts, are now facing a unique problem — ‘on time delivery’ of vehicles during festivals.While customers are seeking delivery around Dhanteras and Diwali, companies are finding it challenging to do so due to shortage of…
MUMBAI: RBI has released a draft circular revising its framework for lending to related parties, a move expected to significantly improve ease of doing business in the financial sector. By introducing scale-based materiality thresholds, the draft ensures that only sizeable loans to related parties require board or committee approval, replacing earlier blanket restrictions that often…
