Chennai: The export-import sector wants the Budget to lower average customs tariffs to around 10 per cent, while extending interest equalization scheme and restoring the interest subvention rate to 5 per cent. India should reduce average import tariffs to around 10 per cent to boost domestic manufacturing and avoid international scrutiny. Further, customs duties, once a significant contributor to government …
BENGALURU: National Association of Software and Service Companies has said the government should set up a group comprising officials from the CBDT, MCA, DPIIT, SEBI, RBI and industry to study the impact of 12 years of implementation of the angel tax and suggest the way forward. In its pre-budget memorandum 2024-25, the Nasscom, which represents the country’s technology industry, pointed …
SAN FRANCISCO — California Gov. Newsom’s claim of a record nearly $90 billion to schools is accurate yet overstates his generosity “to try to make it look better than it is,” said Kevin Gordon, who lobbies for most of the state’s public school districts. As an incentive for schools to reopen this spring, Newsom proposed advancing school districts $2 billion, …
