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Govt plans to open up the atomic energy sector like the space sector: P.K. Mishra

New Delhi, July 25 -- Measures similar to the successful opening up of the space sector are envisaged for the atomic energy sector as well, which is essential for clean energy and national security, s... Read More


Sitharaman asks officers to cut backlog, promptly resolve taxpayer grievances

New Delhi, July 25 -- Finance minister Nirmala Sitharaman on Thursday urged senior income tax officials to ensure that pending taxpayer appeals and grievances are disposed of and the litigation backlo... Read More


Buoyant global demand continues to support India's economic output, says S&P Global

New Delhi, July 24 -- Operating conditions across India's private sector continued to improve in July, with a sharp expansion in total sales, export orders and output levels, S&P Global said on Thursd... Read More


Formal jobs, self-employment rising: statistics ministry

New Delhi, July 23 -- Formal jobs and self-employment are on the rise in India while the youth unemployment is below the global average, the statistics ministry said on Wednesday. The ministry stated... Read More


'India Inc must make fresh investments instead of sitting on cash'

New Delhi, July 22 -- Indian companies need to make fresh investments instead of holding cash, since their profits have improved and have healthy balance sheets, chairman of the economic advisory coun... Read More


IT Act simplification to cut down litigation in a big way, to aid future reforms: Baijayant Panda

New Delhi, July 22 -- New Delhi: Simplification of the Income Tax Act for which a select committee of the Lok Sabha made over 330 recommendations will cut down tax litigation significantly and aid fut... Read More


Centre, states close to agreeing on rolling cess into GST

New Delhi, July 21 -- The Centre and states are close to agreeing on folding the GST compensation cess within the broader goods and services tax (GST), two people aware of discussions in the governmen... Read More


Centre, states inch closer to consensus on GST cess

new delhi, July 21 -- The Centre and states are close to agreeing on folding the GST compensation cess within the broader goods and services tax (GST), two people aware of discussions in the governmen... Read More


Lok Sabha panel backs taxpayer-friendly GAAR tweaks in Income Tax Bill review

New Delhi, July 18 -- A Lok Sabha panel reviewing the Income Tax Bill, 2025 is set to propose a more taxpayer-friendly approach to anti-avoidance provisions aimed at curbing aggressive tax planning. ... Read More


Direct tax law simplification to set stage for fresh reforms

New Delhi, July 17 -- The Income Tax Bill 2025, set to be moved in the monsoon session of Parliament to simplify the direct tax law, will set the stage for another round of reforms which will be more ... Read More