Chief Economic Adviser V Anantha Nageswaran on Thursday said measures like the Carbon Border Adjustment Mechanism (CBAM), taken by developed nations to combat climate change, are unfair towards developing economies. The European Union has decided to impose carbon tax (CBAM) on products from certain sectors like steel, cement from countries like India and China. … Read more
With companies reporting their December 2023 quarter results, investors and analysts are tracking firms’ performance and eyeing the best stock to invest in. Several metrics help investors comprehend a company’s financials, one of them being earnings before interest, tax, depreciation, and amortisation, or as they call it in the market language, EBITDA. Why should … Read more
Life Insurance Corporation of India has received an income tax refund order of Rs 25,464 crore, and it is likely to be realised during the current quarter, its chairman Siddhartha Mohanty said. Last month, the Income Tax Appellate Tribunal (ITAT), Income Tax Department, issued intimation for a refund of Rs 25,464.46 crore. The refund … Read more
A view of the Federal Board of Revenue headquarters in Islamabad. — FBR Commercial banks are biggest hurdle in connecting both databases. BAA received total of 81 references from Benami Zones. 59 cases of Benami assets involve an amount of Rs 13.71 billion. ISLAMABAD: The Anti-Benami Initiative (ABI) and the Benami Adjudicating Authority (BAA) of the … Read more