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Exporters are urging the government to implement tax incentives and rationalize import duties in the upcoming Budget. Key demands include reduced income tax for MSMEs, reinstatement of customs duty exemptions on certain leathers, and correction of inverted duty structures in sectors like synthetic yarns and electronics to boost domestic manufacturing and export competitiveness.
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News and Media
Trade ministers and WTO chief Ngozi Okonjo-Iweala met in Davos to strategize for the upcoming 14th Ministerial Conference in Cameroon. Discussions centered on global trade policy challenges, potential compromises on key negotiating topics like Investment Facilitation, and WTO reform priorities. Switzerland emphasized its commitment to a rules-based multilateral trading system amidst global tensions.
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News and Media
India's Securities Appellate Tribunal (SAT) on Thursday directed Avadhut Sathe Training Academy (ASTA) to deposit Rs 100 crore in an appeal filed by ASTA against the Securities and Exchange Board of India (Sebi) order that barred Mumbai-based financial influencer Avadhut Sathe and his academy from offering unregistered investment advisory and research analyst services.
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News and Media
Seth R. Freeman observes that global markets are navigating persistent uncertainty driven by U.S. developments and a changing world order. He highlights risks stemming from shifting investor and consumer sentiment, potential policy impacts like credit card rate caps, and the continued influence of Donald Trump. Freeman suggests emerging markets, particularly India, are poised to benefit from these dynamics.
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News and Media
Zee Entertainment Enterprises (ZEEL) reported a 5% year-on-year decline in its December quarter consolidated net profit, reaching Rs 155 crore. Despite this, the company saw a significant 15% rise in revenue from operations, which stood at Rs 2,149 crore for the quarter.
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News and Media