The Dilemma of AI Startups: Massive Funding but No Business Introduction Artificial intelligence (AI) startups are booming, attracting huge investments from eager investors. However, the hype surrounding these startups doesn’t always translate into a viable business model. Despite the record levels of funding, many AI startups struggle to turn their vision into revenue. The Investment Frenzy Investors are pouring massive amounts of money into AI startups, driven by the belief that AI is the future. […]

Understanding EPF Interest Crediting and Checking Account Balance The Employees Provident Fund Organisation (EPFO) recently engaged with its followers on ‘X’ platform through an online quiz. While some participants asked specific questions about when the interest for the financial year 2023-24 would be credited, the EPFO assured everyone that the process was underway and the interest would be paid in full without any loss. Subscriber Concerns and Feedback During the quiz, subscribers also raised other […]

Unlocking Insights: Analyzing State-wise GST Collections and Consumption Habits Introduction: Delving into the realm of Goods and Services Tax (GST) collection, we unravel the intriguing dynamics shaping India’s economic landscape. Let’s embark on a journey through the top contributors, exploring their per capita consumption spending prowess. Maharashtra: The Epitome of GST Contributions Maharashtra emerges as the frontrunner in GST collection, commanding a substantial 19.6% share of the national GST pool. Per capita analysis reveals Maharashtra’s […]

Urgent Global Talks on the EU’s Carbon Adjustment Import Charges Introduction The EU’s commitment to reducing carbon emissions in line with the Paris Agreement and the UNFCCC has led to the implementation of higher obligations on domestic industries in carbon-intensive sectors. However, this poses two challenges: maintaining competitiveness against cheaper imports from countries with lower emission reductions, and preventing carbon leakage through industrial relocation. To address this, the EU has introduced the Carbon Border Adjustment […]

New reporting regime for pan masala to kick in from 15 May. Introduction The Central Board of Indirect Taxes and Customs (CBIC) has introduced a new reporting regime for producers of pan masala, certain tobacco types for smoking, and smoking mixtures for pipes and cigarettes, which is scheduled to commence from 15th May. This measure aims to enhance transparency, reduce tax evasion, and improve compliance with goods and services tax (GST) among manufacturers in this […]