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The unlocking of investment mindset and the financialization of savings have begun. India has significant potential for growth and the addition of new income tax payers is a positive sign. ....
While Microsoft, IBM, HCL Tech and the Confederation of Indian Industry (CII) have come on board, talks are on with Google, Meta, Cisco and various sector leaders, a senior government official told ET. "The plan is to have at least 10 international awarding bodies in the next two months and double this to 20 by July 2024," the official said. ....
NITI Aayog CEO, Subrahmanyam, stated that India has a two-to-three-year window to benefit from the global strategy of de-risking from China. He emphasized the need for the Indian government to create policies that attract and facilitate the shift of businesses to India. Subrahmanyam highlighted that supply chains are looking for new geographies, presenting an opportunity for India in the manufacturing sector. ....
Econdment or deputation of expatriates is subject to GST if the expatriate employee is being reimbursed by the Indian company for the services provided to the company. As per the GST law the Indian company is deemed as the recipient of the service, and the services provided by the expatriate will be considered as a "supply of manpower" under the GST law. ....
Dixon Technologies, NTT Data, and Haier will invest Rs 1,700 crore in Greater Noida, creating over 5,000 jobs. The Noida-Greater Noida-Yamuna Expressw ....