Japan retains positive economic outlook amid corporate resilience
Corporate earnings have remained robust, largely thanks to capital expenditure projects, particularly in the high-tech and sustainable energy sectors.
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Indonesia cancels plan for plastic products excise amid industry pushback
The excise tax, first proposed in 2019, targeted single-use plastic items such as bottles, bags, and packaging, with the aim of reducing plastic waste and mitigating environmental damage.
Opposition-controlled parliament passes $180 cash handout bill
The cash handout is intended to support households struggling with the rising cost of living and the economic fallout from recent global events.
Finance Ministry official Masato Kanda retires after key role in yen stabilization
Under Kanda's guidance, subsequent interventions occurred in October 2022, and again from April to May and June to July of this year, involving a substantial total of approximately ¥25 trillion. His approach was seen as a firm message to market speculators that the Finance Ministry was closely monitoring currency movements.
Over 5 crore Income Tax returns filed for AY 2024-25 by July 26; Union Budget updates introduced
The increase in filings is attributed to various factors, including enhanced taxpayer services and streamlined e-filing processes introduced earlier this year.
Raghav Chadha criticizes service disparity despite tax compliance
Raghav Chadha, who is also the Finance Minister of Delhi, pointed out the significant disparity between the tax burden shouldered by Indian citizens and the quality of services they receive in return.
CBIC Chairman announces duty cut on gold, silver, and mobile phones to boost exports
India, one of the world's largest consumers of gold and silver, has historically faced challenges related to high import duties, which impact pricing and competitiveness in global markets.
Finance Minister Nirmala Sitharaman to present 2024 Budget: A glimpse into the Modi government’s economic agenda
Finance Minister Nirmala Sitharaman is set to present the Union Budget for 2024, which will detail the Modi government’s strategic priorities for economic growth and reform.