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PNB hopeful of achieving net interest margin, FCNR (B) targets

New Delhi, July 19 -- After just having a growth of over 2 per cent in net interest income, Ashok Chandra, MD & CEO of Punjab National Bank, is confident of achieving a 7 per cent growth for FY27.... Read More


RBI moves closer to polymer banknotes

New Delhi, July 17 -- India appears to have taken a major step towards introducing polymer banknotes, with RBI-owned Bharatiya Reserve Bank Note Mudran (P) Ltd (BRBNMPL) floating a global expression o... Read More


Govt raises cost inflation index for FY27 to 384, lowering long-term capital gains tax

New Delhi, July 16 -- Long-term capital gains liability on the sale or transfer of any capital asset, such as land, property, trademarks and patents, is expected to be lower this year asCost Inflation... Read More


Govt lists 5 bills for introduction during Monsoon Session

New Delhi, July 16 -- The government has listed five bills, including one for the development of micro, small and medium enterprises (MSME) and one related with prevention of insults to national honou... Read More


British Airways' ground handling receipts are taxable in India, says ITAT

New Delhi, July 16 -- The Delhi Bench of the Income Tax Appellate Tribunal declined to give relief to British Airways on tax benefits under the Double Taxation Avoidance Agreement (DTAA) for services ... Read More


ICAI puts guidelines for global networking in abeyance amid concerns

New Delhi, July 15 -- Amid concerns from stakeholders, the Institute of Chartered Accountants of India (ICAI) has decided to put its guidelines on global networking in abeyance. These guidelines were ... Read More


After 5 years, FinMin may table third batch of supplementary demand for grants in the Monsoon Session

New Delhi, July 15 -- After a five-year interval, the Finance Ministry is likely to table the Supplementary Demands for Grants (SDG) during the upcoming Monsoon Session of Parliament, an official sour... Read More


Government unveils trial services production index; April data show resilience despite West Asia conflict

New Delhi, July 14 -- The government on Tuesday unveiled the trial Index of Services Production (ISP), a new high-frequency indicator that showed formal services activity remained resilient in April d... Read More


Direct tax collection jumps 16% to Rs.6.5 lakh crore

New Delhi, July 14 -- Driven by a robust surge in corporate tax, India's net direct tax collections grew by more than 16 per cent between April 1 and July 16, the Income Tax Department announced on Tu... Read More


Net direct tax collection grew over 16% between April 1 and July 16

New Delhi, July 14 -- With a strong rise in corporate tax, net direct tax collection surged over 16 per cent during April 1 and July 16, the Income Tax Department reported on Tuesday. This boosts the ... Read More