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Governments could still set whatever local corporate tax rate they want, but if companies pay lower rates in a particular country, their home governments could top up their taxes to the 15% minimum, eliminating the advantage of shifting profits.

Net Direct Tax Collection Surges by 19%

The government has budgeted to collect Rs 18.23 lakh crore from direct taxes, 9.75% higher than Rs 16.61 lakh crore...

12 Jan 2024 3:10 AM IST

Generally, milling copra is used to extract oil, while ball/edible copra is consumed as a dry fruit and used for religious purposes. (AA FIle Image)

Cabinet approves increase in Copra MSP for 2024

The states like Kerala and Tamil Nadu are major producers of milling copra, whereas ball copra is produced predominantly...

28 Dec 2023 12:52 AM IST

Sachin Jadhav, director of Odisha Tourism, makes his presentation. (Photo by arrangement)

Lekha Shankar | Odisha roadshow in Thailand a big success

New flight launched from Bangkok to Bhubaneshwar after state revealed as India's best-kept secret'

10 Aug 2023 12:34 AM IST

The 5-kg LPG cylinder is now priced at Rs 655.(Representational image: ANI)

Cooking gas price hiked by Rs 50 per cylinder

Non-subsidised LPG price was hiked to Rs 1,103 per 14.2-kg cylinder - the first increase since July 2022

1 March 2023 11:08 AM IST

Apart from restructuring debt, regulating cryptocurrencies is another priority area for India, which IMF MD Kristalina Georgieva agreed with

IMF flags debt disagreements, says banning crypto should not be off...

Apart from restructuring debt, regulating cryptocurrencies is another priority area for India, which IMF MD Kristalina...

25 Feb 2023 11:49 AM IST

Representatives of global aluminium majors posing for a photograph at Jharsuguda in Odisha

Aluminium majors exhibit technological capabilities at int'l aluminium...

The two-day event featured an international exhibition by over 30 companies hailing from the aluminium sector and...

15 Feb 2023 11:30 AM IST

Indias services industry witnessed activity increase at the fastest pace in six months during the final month of 2022. (Representational image: PTI)

India's services sector growth hits 6-month high in December on strong...

As per the survey, new businesses received by Indian services firms increased for the seventeenth month in a row in...

4 Jan 2023 12:21 PM IST

With the sharp upturn in industrial output in India, the manufacturing PMI scaled a new high of 57.8 in the month of December in 26 months.. (Representational image: AFP)

India's mfg PMI hits 13-month high in Dec on rise in new orders,...

India's manufacturing sector activity continued to expand in December, with the S&P Global Purchasing Managers' Index...

2 Jan 2023 1:27 PM IST

With the Russia-Ukraine war getting prolonged, New Delhi has been looking at ways to soften the blow that it received in the form of three-digit crude oil price. (Representational image: Twitter)

Centre cuts windfall tax on domestic crude oil

The government has also cut the rate on export of diesel to Rs 5 per litre from Rs 8 per litre

16 Dec 2022 12:51 PM IST

Union Finance Minister Nirmala Sitharaman speaks during her interaction with a group of Indian-overseas scholars and students from various US universities in Washington DC, USA (PTI)

Coal is going to be back again as gas becoming unaffordable: FM...

Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place...

16 Oct 2022 12:49 PM IST

Union Finance Minister Nirmala Sitharaman attends the Development Committee Meeting of the World Bank-IMF, in Washington DC, USA. (PTI Photo)

Avoid unidimensional view of Indian subsidies: FM Nirmala Sitharaman...

It is important to differentiate between distortive subsidies and targeted support to the vulnerable households, Nirmala...

15 Oct 2022 11:19 AM IST

A file picture of the Mundra International Container Port. (Photo: PTI)

Anti-dumping probe into laser machines

The move comes after receiving a complaint made by a domestic player Sahajanand Laser Technology

4 Oct 2022 10:00 AM IST