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Finance Ministry kicks off budget exercise for FY28

New Delhi, Aug. 29 -- Finance Ministry has initiated budget exercise for fiscal year 2027-28 (FY28) by scheduling pre-budget meetings with various Central Ministries and Departments from October 12. T... Read More


Govt mops up more than 3/4th of BE under Miscellaneous Capital Receipts

New Delhi, Aug. 28 -- With successful completion of LIC and other OFS, government managed to collect over 3/4t of the budget estimates under Miscellaneous Capital Receipts (MCR) in first five months o... Read More


Industrial growth slowed to 6.7% in July

New Delhi, Aug. 28 -- Growth of factory output, based on Index of Industrial Productions (IIP) slowed down to 6.7 per cent in July as against 7.3 per cent of June. Here are key headlights - The grow... Read More


Home Ministry's nod required for appointing Chinese nationals on board of foreign co's Indian arm: MCA

New Delhi, Aug. 27 -- A foreign company appointing directors from China and other land-border sharing country in its subsidiary company in India will need to seek clearance for Home Ministry, the Mini... Read More


S&P retains India's sovereign rating at 'BBB'

New Delhi, Aug. 27 -- S&P Global on Thursday retained India's sovereign rating at 'BBB' with stable outlook. It expects expect India's strong growth dynamics to continue in the medium term. "Indi... Read More


Public sector bank more efficient than Private Sector Banks, says EAC-PM paper

New Delhi, Aug. 25 -- Contrary to popular perception, a working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) has said that efficiency of public sector banks (PSBs) is much bet... Read More


GST's Sec. 74 notice must contain clear, fraud/suppression grounds: Supreme Court

New Delhi, Aug. 25 -- The Supreme Court has ruled that a show cause notice (SCN) under section 74 of the CGST Act to an assessee must contain clear grounds for fraud or suppression, rather than simply... Read More


Delay in depositing TDS: Company under liquidation ordered to pay fine, MD to pay fine, undergo jail term

New Delhi, Aug. 24 -- In what could be seen as a landmark judgment, a court in Delhi has held a company under liquidation and its top executive guilty of delayed deposit of tax deducted at source (TDS... Read More


SEBI may assess NSE liquidity before allowing bourse to trade its own shares

New Delhi, Aug. 23 -- The Securities and Exchange Board of India (SEBI) is likely to examine various issues, including liquidity, before allowing 'Permitted to Trade' (PTT) status for the National Sto... Read More


Uttar Pradesh tops in mopping up through taxes

New Delhi, Aug. 23 -- Uttar Pradesh leads among various States in tax mop up during April-July period of current fiscal with total collection around Rs.1.5 lakh crore as against around Rs.1.37 lakh cr... Read More