Unclaimed financial assets such as insurance policy claims, bank...
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GST rate rationalisation boosts consumption; economy to maintain growth momentum: FinMin report
“The rationalisation of GST rates has provided a measurable boost...
Govt mulls rating system for assessing performance of contractor firms engaged in NH works
According to the concept note, ratings for Engineering,...
Existing PAN holders do not need to apply afresh under PAN 2.0: Tax dept
"With existing PAN database of 78 crore PANs and 73.28 lakh TANs, the project addresses the requirements of taxpayers, focusing on consolidation of multiple platforms/portals and efficient services to PAN/TAN holders," Central Board of Direct Taxes (CBDT) said in a...
Labour Min asks EPFO to focus on preparations to launch ELI Scheme
Three schemes for ELI were announced in Union Budget 2024-25 as part of the Prime Minister's package of five schemes and initiatives to facilitate employment, skilling and other opportunities for 4.1 crore youth over 5 years with a central outlay of Rs 2 lakh crore...
India’s economic outlook for coming months ‘cautiously optimistic’: Finmin Report
Amidst a clouded global background, and after a brief period of softening momentum over the monsoon months, the report said, many high-frequency indicators of economic activity in India have shown a rebound in October. These include indicators of rural and urban...
GoM report on GST on health insurance to be placed before Council when received FinMin
Minister of State for Finance Pankaj Chaudhary informed the House that revenue generated from GST on healthcare and life insurance services was Rs 8,263 crore and Rs 8,135 crore, respectively during fiscal 2023-24, as against Rs 7,638 crore and Rs 9,132 crore in the...
S&P cuts India’s GDP growth forecast marginally for FY26 FY27
"In India we see GDP growth easing to 6.8 per cent this fiscal year as high interest rates and a lower fiscal impulse temper urban demand. While purchasing manager indices (PMIs) remain convincingly in the expansion zone, other high-frequency indicators indicate some...
HC directs Centre to nominate panel members to examine deepfake menace
The court further directed the committee to invite the experiences and suggestions of a few of the stakeholders like the intermediary platforms, telecom service providers, victims of deepfakes, and websites which provide and deploy deepfakes before submitting its...
Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official
The shares obtained and income earned by resident tax Indians from their employers through employee stock options should also be disclosed to the Income-Tax Department by filling foreign assets and foreign source income schedule provided in the relevant ITR, a senior...
Developing nations blast $300 billion COP29 climate deal as insufficient
The showdown over financing for developing countries comes in a year scientists predict will be the hottest on record. Climate woes are stacking up, with widespread flooding killing thousands across Africa, deadly landslides burying villages in Asia, and drought in...
Adani’s bribery scandal raises concern on market, public disclosure lapses
"The Adani Group can argue about the materiality of the investigations, but as the U.S. indictment reports note, the disclosures in the annual reports were against the established norms of good corporate governance," Shriram Subramanian, founder of proxy advisory firm...
FPI selling spree continues in Nov at Rs 26 533 cr, intensity of outflow reduces
The relentless selling by FIIs continued in November. After selling equity for Rs 113,858 crore through exchanges in October, FIIs have sold another Rs 41,872 crore of equity through exchanges this month (till November 22). The trend of FII buying through the primary...