Government

Budget 2025-26: Income up to Rs12 lakh to get tax exemption

Budget 2025-26: Income up to Rs12 lakh to get tax exemption

03 Feb 2025

Presenting the budget in Parliament, finance minister Nirmala Sitharaman proposed an across-the-board change in income-tax slabs and rates

Budget 2025-26: Sitaraman promises a simpler tax regime

Budget 2025-26: Sitaraman promises a simpler tax regime

03 Feb 2025

Finance minister Nirmala Sitaraman promised to continue efforts to simplify taxes, improve tax payer services, provide tax certainty and reduce litigation while keeping in mind

Budget 2025-26: More disposable income in taxpayer’s hands

Budget 2025-26: More disposable income in taxpayer’s hands

03 Feb 2025

Presenting the Union Budget for the financial year 2025-26 in Parliament today, finance minister Nirmala Sitaraman proposed an increase in standard deduction for personal income tax

Central staff, pensioners may get around 25% hike in salaries and pensions

Central staff, pensioners may get around 25% hike in salaries and pensions

19 Jan 2025

The union cabinet has approved the setting up of the 8th Pay Commission for central government employees and pensioners that would potentially effect a 25 per cent increase

GST Council recommends hike in GST on sale old vehicles to 18%

GST Council recommends hike in GST on sale old vehicles to 18%

22 Dec 2024

The 55th meeting of the GST Council, at its meeting in Jaisalmer, Rajasthan on Saturday, recommended an increase in the GST rate on sale of old and used vehicles

Senior bankers in PSBs are in firing line: AIBEA

By Venkatachari Jagannathan | 11 Nov 2024

In the guise of retiring inefficient senior employees in the public sector banks, the Indian government is interfering in the day to day affairs of the banks and threatening the job security of employees

GST collection up 9% at Rs1.87 lakh crore in October

GST collection up 9% at Rs1.87 lakh crore in October

02 Nov 2024

Gross collection of revenue by way of Goods and Services Tax (GST) in India increased by nearly 9 per cent year-on-year and stood at a 6-month high of Rs1.87 lakh crore in October.

Govt doubles Mudra loan limit to Rs20 lakh

Govt doubles Mudra loan limit to Rs20 lakh

27 Oct 2024

The finance ministry on Friday announced a doubling of the ceiling of Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY) from the current Rs10 lakh to Rs20 lakh.

PM Modi wants coordinated action against hoax bomb threats to airlines

PM Modi wants coordinated action against hoax bomb threats to airlines

25 Oct 2024

Ever since the fugitive founder of the banned terror group Sikhs for Justice, Gurupatwant Singh Pannun, circulated a video on Monday warning passengers against flying Air India

Central govt employees and pensioners to get 3 per cent additional DA

Central govt employees and pensioners to get 3 per cent additional DA

17 Oct 2024

The union cabinet on Wednesday approved payment of an additional 3 per cent dearness allowance (DA) to central government employees and dearness relief (DR) to central government

Centre hikes minimum wages for unorganised sector workers

Centre hikes minimum wages for unorganised sector workers

27 Sep 2024

The central government has raised the minimum wage payable to unorganised workers engaged in building construction, loading and unloading,

Karnataka may exempt electric and hybrid vehicles from paying road tax

Karnataka may exempt electric and hybrid vehicles from paying road tax

26 Sep 2024

The Karnataka government is reported to be planning to give exemption form road tax to electric and hybrid vehicles with a price tag of less than Rs25 lakh, as part of its efforts to develop a clean mobility

Cabinet accepts recommendations on simultaneous elections

Cabinet accepts recommendations on simultaneous elections

20 Sep 2024

The union cabinet has accepted the recommendations of the high-level committee chaired by former President Ram Nath Kovind recommending simultaneous elections

India, Australia look to deepen economic ties

India, Australia look to deepen economic ties

06 May 2024

An India-Australia Joint Committee Meeting (JCM), held in Canberra as well as meetings with businesses in Sydney and Melbourne have emphasised the need to work closely, especially in collaborative projects, in order to bring new synergy to the strategic partnership of the two countries.

India’s GST revenue crosses Rs2-lakh cr in April 2024

India’s GST revenue crosses Rs2-lakh cr in April 2024

02 May 2024

India’s gross revenue collection by way of Goods and Services Tax (GST) exceeded the Rs2 lakh crore-mark for the first time in April 2024, the opening month of the current fiscal, hitting a record Rs2.10 lakh crore.

Chinese industrial goods accounted for 30% of India’s 2023-24 imports: GTRI report

Chinese industrial goods accounted for 30% of India’s 2023-24 imports: GTRI report

29 Apr 2024

China's share in India's industrial goods imports jumped to 30 per cent in 2023-24 from 21 per cent over the 15-year period between 2008-09 and 2023-24, as per a report published by Global Trade Research Initiative (GTRI).

India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr

India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr

23 Apr 2024

Net direct tax collection in India increased by 17.70 per cent to an estimated Rs19.58 lakh crore in the 2023-24 financial year, compared to Rs16.64 lakh crore in the previous financial year, provisional figures released by the finance ministry show.

Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover

Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover

01 Apr 2024

Government e-marketplace (GeM) has onboarded 2.1 million sellers and doubled its turnover (gross merchandise value) as of end-March 2024, doubling the GVM year-on-year.

Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover

Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover

01 Apr 2024

Government e-marketplace (GeM) has onboarded 2.1 million sellers and doubled its turnover (gross merchandise value) as of end-March 2024, doubling the GVM year-on-year.

Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover

Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover

01 Apr 2024

Government e-marketplace (GeM) has onboarded 2.1 million sellers and doubled its turnover (gross merchandise value) as of end-March 2024, doubling the GVM year-on-year.

Gross GST collection in February up 12.5% at Rs1,68,337 crore

Gross GST collection in February up 12.5% at Rs1,68,337 crore

05 Mar 2024

Gross revenue collection by way of Goods and Services Tax (GST) increased by 12.5 per cent year-on-year in February 2024 and stood at Rs1,68,337 crore. The increase in GST collection in February was marked by a 13.9 per cent increase in domestic transactions and 8.5 per cent increase in GST from import of goods.

India's industrial production grows 3.8% in December

India's industrial production grows 3.8% in December

13 Feb 2024

Industrial production in India based on the Index of Industrial Production (IIP) expanded 3.8 per cent in December 2023, against 2.4 per cent in the previous month and 5.1 per cent in December 2022

Finance minister tables white paper on state of Indian economy before and after 2014

Finance minister tables white paper on state of Indian economy before and after 2014

10 Feb 2024

Finance minister Nirmala Sitharaman on Thursday tabled a 'white paper on the Indian economy' detailing the state of the economy prior to 2014 and after

And now, PDS fair price shops on-board ONDC

And now, PDS fair price shops on-board ONDC

08 Feb 2024

For the first time, 11 Fair Price Shops of Una and Hamirpur districts of Himachal Pradesh on-boarded the free e-commerce platform, Open Network Digital Commerce (ONDC)

Budget proposes rating of iconic tourist centres based on quality and facilities

Budget proposes rating of iconic tourist centres based on quality and facilities

02 Feb 2024

Presenting the Interim Budget 2024-25 in Parliament, finance minister Nirmala Sitharaman laid emphasis on comprehensive development of tourist centers for achieving the vision of ‘Viksit Bharat’ by 2047.

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