Author: Corp India News
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Atmanirbhar Bharat Milestone: India Achieves Highest-Ever Export Target of $400 Bn
In a first, India has achieved its good export target crossing $400 Billion nine days ahead of schedule, which is a whopping rise from last year’s exports that stood at $292 Billion in 2020-21. On Monday, reportedly, commerce and industry minister Piyush Goyal said that India will clock around $410 billion of goods exports in…
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Crypto users will be charged 30% taxes on Digital Assets from April
Finance Minister Nirmala Sitharaman, in the 2022-23 Budget Speech, had announced a 30 per cent tax on gains from crypto-currencies from the Financial year 2022-23. As per the founder of WazirX, with almost ten million users, India’s Crypto market amounted to $100 billion in trading volume in 2021. Hence, the new tax regime will yield…
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Paytm debacle brings tightened IPO valuation in India
India has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations, unsettling bankers and companies which fear delays in listing plans, sources with direct knowledge explained. India’s push comes after the flop listing of SoftBank-backed payments firm Paytm’s (PAYT.NS) $2.5 billion IPO in November which sparked…