New Delhi (IANS) Substantial rise in the share of cesses and surcharges in the country’s gross tax revenue has been recorded over the years. The share of cesses and surcharges was 8.16 per cent of gross tax revenue in 2011-12 … read more
New Delhi (IANS) The GST Council on Saturday recommended decriminalising certain offences and doubled the threshold for launching prosecution from Rs one crore to Rs two crore, except for the offence of issuance of invoices without supply of goods or … read more
New Delhi (IANS) As the year comes to a close, edtech platforms have hogged headlines for all the wrong reasons — from leading layoffs in the Indian startup ecosystem to shuttering several verticals — and top on the list is … read more
New Delhi (IANS) Loans amounting to Rs 7.62 lakh crore have been provided by 84 lenders, both national and international, to thermal power projects in India, with a capacity of 1,000 MW and above between 2005-2022, a new report said … read more
New Delhi (IANS) The ongoing G20 Finance and Central Bank deputies meeting on Wednesday discussed strengthening coordination arrangements between Finance and Health Ministries for pandemic prevention preparedness. The two-day meeting, which had begun in Bengaluru on Tuesday, was coordinated by … read more
New Delhi (IANS) Net tax collection in 2022-23 was 24.26 per cent higher than the net collection for the corresponding period of last year. With this, 61.79 per cent of the budget estimates for the current fiscal have already been … read more
Kochi (IANS) Kochi-based V-Guard Industries (V-Guard) on Saturday announced the signing of definitive agreements for acquiring 100 per cent stake in Sunflame Enterprises Private Ltd. (SEPL) for Rs 660 crore. The all-cash deal is expected to close by mid of … read more
New Delhi (IANS) Government aims to complete the first tranche of proceeds from Hindustan Zinc Limited (HZL) during the current fiscal, a senior finance ministry official said on Friday. This, he said, would help the Centre meet its disinvestment target … read more
Mumbai (IANS) Reliance General Insurance Company Ltd. (RGICL) has sought Rs 600 crore capital infusion from Reliance Capital on an urgent basis. In a letter to the Reliance Capital Administrator, RGIC has sought Rs 600 crore capital support from the … read more
New Delhi (IANS) Aiming to extend schemes and other services to MSMEs, the National Small Industries Corporation Ltd has partnered with Walmart Global Sourcing India Private Ltd. A memorandum of understanding (MoU) was signed by Gaurang Dixit, Chairman and Managing … read more