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As per reports, the government had managed to accumulate over INR 1.5 lakh crore in October which is the second highest monthly collection since the indirect tax regime was launched in mid-2017

The International Monetary Fund has estimated India's FY23 current account deficit (CAD) at $121 billion or 3.5 per cent of GDP

Expenses incurred for the freelancing work that is spent fully and exclusively for the purpose of the work and incurred during the tax year, and which are not capital expenditure or personal expenditure of the freelance, are allowed to be deducted as expenditure

To ease the growing concerns and confusion over the matter, Union minister Rajeev Chandrasekhar said that the draft will be followed by meetings and discussions to ensure everyone is clear and satisfied with the goals

This comes against the backdrop of a large number of complaints by customers over non-operating helpline numbers of several branches of PSBs in India

The central government, on the other hand, feels that companies need to recognize that freelancing beyond office hours is a growing reality in the IT sector

The minister said that the energy security in small villages will be the next big thrust area for the Centre

The governor also said that the RBI issued the required guidelines after consulting the Indian Banks Association and other experts in the field, following the Union Budget 2022-23 announcement of setting up 75 digital banking units

Goyal also said that India will become a $30 trillion economy with 25 per cent share in exports by 2047

RBI has also raised the minimum capital requirement for setting up ARCs to INR 300 crore from existing INR 100 crore

This will apply to micro, small and medium enterprises (MSMEs) as well as small and medium enterprises (SMEs)

IMF on Tuesday, in its World Economic Outlook projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India

The report stated that the nation currently has the third-largest shopper base globally, with 180 to 190 million online shoppers in 2021, which is estimated an increase at 400 to 450 million by 2027

The commerce and industry minister also said that there is a need to tap into more sources of capital as that can give a fillip to the small business sector

This approval will allow round-the-clock delivery of products by Amazon in Delhi

As per reports, the revamped PDP Bill is in the final stages of being finalized and might be released for public consultation by the end of October or first week of November

The central bank also introduced a new initiative DAKSH, the bank's advanced supervisory monitoring system, which is expected to make the supervisory processes more robust

The action was taken citing failure to exercise proper skill, care and diligence while discharging its duties as a credit rating agency

As per reports, this is the second time the government has liberalized the scheme for aviation industry

The survey encompasses responses collected by sending questionnaire to the purchasing managers in a panel of around 400 manufacturers

The report also added that the trade deficit during the first six months of the fiscal has widened to $149.47 billion