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Why in the news? Switzerland suspended the MFN clause in its DTAA with India, citing lack of reciprocity. Effective January 2025, this move could lead to higher taxes on dividends, impacting investments and businesses between the two countries. Suspension of MFN Clause in Tax Agreement: Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double …
Read MoreWhy in the news? November 2024 GST collections rose 8.5% YoY to ₹1.82 trillion, reflecting festive-driven demand. However, collections were slightly below October’s ₹1.87 trillion, highlighting uneven regional performance and potential economic recovery concerns for upcoming months. About the GST Collections in November 2024: GST collections for November 2024 reached ₹1.82 trillion, an 5% year-on-year …
Read MoreWhy in the news? RBI has rolled out new guidelines requiring FPIs to seek government approval if their stake in Indian companies exceeds 10%, amid increased scrutiny of foreign investments. About the New RBI Rules for FPI and FDI Classification: The Reserve Bank of India (RBI) introduced updated rules to guide foreign portfolio investors (FPIs) …
Read MoreWhy in the news? The RBI keeps the interest rate at 6.5% but shifts to a “neutral” stance, indicating potential rate cuts amid balanced inflation and growth parameters. RBI Maintains Interest Rate Current Rate: The Reserve Bank of India (RBI) has kept the benchmark interest rate at 6.5% for the tenth consecutive monetary policy review. …
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