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15th Finance Commission's tax share rejig boosts Bihar, Maha; Karnataka hit

New Delhi, Aug. 13 -- Seven states have seen their share of the divisible tax pool shrink, while 21 have gained under the 15th Finance Commission's 2021-26 award compared with the previous allocation,... Read More


15th Finance Commission's tax share rejig boosts Bihar, Maharashtra; Karnataka hit

New Delhi, Aug. 13 -- Seven states have seen their share of the divisible tax pool shrink, while 21 have gained under the 15th Finance Commission's 2021-26 award compared with the previous allocation,... Read More


India's direct tax mop-up slips 4% as refunds surge

NEW DELHI, Aug. 13 -- India's direct tax collections showed early signs of strain in the first five months of the ongoing fiscal year (2025-26), with higher refunds tempering revenue growth, data from... Read More


New Income Tax Bill cleared by Parliament, awaits President's nod

New Delhi, Aug. 12 -- The Rajya Sabha on Tuesday passed the Income Tax Bill, 2025, a day after the Lok Sabha cleared it, paving the way to replace the previous six-decade-old law. It now awaits Presi... Read More


India's direct tax mop-up slips nearly 4% as refunds surge

New Delhi, Aug. 12 -- India's direct tax collections showed early signs of strain in the first five months of the ongoing fiscal year (2025-26), with higher refunds tempering revenue growth, data from... Read More


Retail inflation eases to 1.55% in July

New Delhi, Aug. 12 -- Retail inflation, as measured by the Consumer Price Index (CPI), eased to 1.55% in July, according to data released by the Ministry of Statistics and Programme Implementation (Mo... Read More


Industry body flags EPFO's facial authentication rule

New Delhi, Aug. 9 -- The Association of Industries and Institutions (New Delhi) has urged the government to reconsider a directive by the Employees' Provident Fund Organisation mandating (EPFO) Aadhaa... Read More


States step up July borrowings as capex drive gains pace

New Delhi, Aug. 9 -- State governments sharply ramped up their borrowings in July, with Rs.96,769 crore allotments made through state development loans (SDLs), as they sought to fast-track capital spe... Read More


Industry body flags EPFO's facial authentication rule

New Delhi, Aug. 9 -- The Association of Industries and Institutions (New Delhi) has urged the government to reconsider a directive by the Employees' Provident Fund Organisation mandating (EPFO) Aadhaa... Read More


States step up July borrowings as capex drive gains pace

New Delhi, Aug. 9 -- State governments sharply ramped up their borrowings in July, with Rs.96,769 crore allotments made through state development loans (SDLs), as they sought to fast-track capital spe... Read More