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The Latest Breaking News from EY India

India's higher nominal GDP growth may help contain fiscal pressures despite global risks: EY

India's fiscal deficit is expected to remain under control in FY27, thanks to robust nominal GDP growth driven by higher inflation, according to EY India. This will bolster tax revenues, helping the government manage finances despite potential increases in subsidy spending. While real growth may moderate, a projected nominal GDP…

The Economic Times

AI levels the playing field as IT giants target mid-market game

With the disruption that artificial intelligence has brought, mid-market companies have now accelerated tech spending, creating scalable opportunities. The focus on the mid-market is also a result of a slowdown in deals in the traditional strongholds of America, as well as key sectors like banking, due to economic uncertainty and…

The Economic Times

Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAA

The Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ payments from his Indian employer due to his overseas work, then this payment is not taxable under Article 16 of India-UK Double Tax Avoidance Treaty (DTAA).

The Economic Times

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Banks must compete on customer experience to stay relevant: EY report

Banks must prioritize customer experience to stay relevant, evolving branches into 'phygital' advisory hubs, according to an EY India report. The future of banking hinges on a blend of human interaction and AI, focusing on anticipating needs and providing timely support. While personalization is growing, trust in chatbots lags, highlighting…

The Economic Times

Hafta letters: EY employee’s death, toxic work culture, journalism

Hello Abhinandan,I have been a big supporter of you and Newslaundry for the past two or three years. I especially love the collaboration with The News Minute and I am excitedly looking forward to the collaboration with East Mojo. I also have feedback. It may sting personally, but I hope…

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