Here's a rundown of 11 significant news stories to keep you in the know:

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ITR filing trends: From people paying zero tax to crorepati disclosures — key figures here

Of the total 6.77 crore individual income tax return (ITR) filers for the financial year 2022-23, 4.65 crore people reportedly paid zero tax. This means more than half of the people who filed ITR till July 31, 2023 (the deadline for filing ITR for FY22-23 without penalty) were either not eligible to pay tax or paid no tax.

To put into perspective, while the number of people filing ITRs has significantly increased, the number of people with zero tax liability has also risen. The number of people filing returns amounting to zero tax liability stood at 2.9 crore in FY2019-20, according to Finance Ministry data.

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'India’s manufacturing talent poor, need more R&D investment to compete with China'

Indian market is very affordable and has an aspirational middle class, however, manufacturing talent is very poor in the country, said B Thiagarajan, Managing Director of Blue Star Limited Ltd.

Speaking at the CNBC-TV18 CEO Dialogues, Thiagarajan mentioned that transformation in India’s manufacturing India is very exciting as he pointed out that India still imports machinery from Korea, Japan and China. “PLI (Production Linked Incentive) scheme has helped the air conditioner industry in India. Companies will dilute the PLI scheme into reducing pricing,” Thiagarajan said.

Digital skilling a challenge, but talent is hungry, says Luminous CEO Preeti Bajaj

Digital skilling is of utmost importance in the context of making India a global manufacturing powerhouse, but it remains a challenge in small-town India, said Preeti Bajaj and Managing Director of Luminous Power Technologies.

Speaking at the CNBC-TV18 CEO Dialogues panel discussion, Bajaj acknowledged the challenge but said it is offset by the hunger of the talent pool for leadership and knowledge, especially in the digital realm.

We invest a lot in digital skilling, and that is really about being relentless in grabbing that data culture and driving it. I can tell you that it is a whole different thing in India to do it in small towns but the great news is Indian talent is hungry, they want to lead and they want to learn," Bajaj said.

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