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FM tells banks to consider launching a month-long banking outreach campaign for Gen Z on Oct 2

New Delhi, Aug. 18 -- With youth movements on the rise, Finance Minister Nirmala Sitharaman called upon public sector banks to consider launching a month-long campaign on October 2 aimed at addressing... Read More


FM asks public sector banks to leverage strong balance sheets for next phase of growth

New Delhi, Aug. 17 -- Union Finance Minister Nirmala Sitharaman on Monday called on Public Sector Banks (PSBs) to capitalise on their historically low non-performing assets (NPAs) and robust balance s... Read More


Project Insight to be implemented from January 27, 2028; likely to curb delay in Income tax refunds

New Delhi, Aug. 16 -- Wait for income tax refund may be reduced significantly as the Finance Ministry is planning to go live with Project Insight 2.0 from January 27, 2028. According to the Ministry, ... Read More


Income Tax Department rolls out foreign asset disclosure scheme for small taxpayers

New Delhi, Aug. 15 -- The Income Tax Department has rolled out the Foreign Assets of Small Taxpayers Disclosure Scheme with effect from Sunday, August 16. The scheme will facilitate disclosure of fore... Read More


PM Modi set a target of featuring 50 Indian companies in Fortune 500

New Delhi, Aug. 15 -- Prime Minister Narendra Modi on Saturday changed the scale of India's ambition by setting a target of bringing 50 companies among Fortune 500 companies and an Indian bank among t... Read More


PM Modi announces free online coaching, AI training for youths

New Delhi, Aug. 15 -- To help the middle class and to improve employability, Prime Minister Narendra Modi on Saturday announced free online coaching for aspirants and AI training for youths. "Coachin... Read More


PM Modi presents 'Saptdharas' on 80th Independence Day to boost efforts towards Viksit Bharat by 2047

New Delhi, Aug. 15 -- Prime Minister Narendra Modi on Saturday unveiled 'Saptdharas' or seven streams to drive India forward and take the nation to new heights. At the same time, he also urged politic... Read More


FinMin advises easing procedures for selection of project consultants

New Delhi, Aug. 14 -- In order to break the dominance of a small group of companies in the award of government contract for consultancy services, the Finance Ministry has issued an office memorandum r... Read More


Gujarat HC strikes down levy on pre- October 26, 2023, corporate guarantees

New Delhi, Aug. 14 -- A division bench of Gujarat High Court has ruled that no GST is to be levied on corporate guarantee furnished prior to October 26, 2023. However, it has held the constitutional v... Read More


Papad Khar to attract 18% GST, says Gujarat AAR

New Delhi, Aug. 13 -- Papad is once again in the spotlight at the Authority for Advance Rulings (AAR)-this time over a key ingredient, Papad Khar, rather than its shape. The Gujarat AAR has ruled that... Read More