Finance - general
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
Skoda-Volkswagen India faces Rs12,000-cr tax evasion charge
18 Dec 2024
Customs authorities in Maharashtra have slapped Skoda-Volkswagen India with a Rs12,000 crore charge for import duty evasion through falsification of import documents.
Hinduja Group to acquire Reliance Capital by end-January
15 Dec 2024
Hinduja Group company IndusInd International Holdings Ltd (IIHL) said it would complete the Rs9,861-crore acquisition of debt-laden Reliance Capital (RCap) by January 2025
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
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.
Jio Financial Services get RBI nod for online payment business
30 Oct 2024
Jio Payment Solutions Limited (JPSL), the wholly-owned subsidiary of Jio Financial Services Ltd (JFSL), has received approval from the Reserve Bank of India
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.
Temasek arm Fullerton to take controlling stake in Lendingkart: report
19 Oct 2024
Fullerton Financial Holdings (FFH), the lending arm of Singapore-based investment fund Temasek, will be raising its holding in fintech start-up Lendingkart
Overseas claims on India up $6.7 bn at $368.3 bn in Q1 FY25
05 Oct 2024
Net claims of non-residents on India, in terms of the country’s International Investment Position (IIP), increased by $6.7 billion to $368.3 billion
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
GST Council recommends panel of ministers to decide on rate rationalisation
10 Sep 2024
The GST Council, which met on Tuesday to review and rationalise the rate structure, has recommended the creation of a Group of Ministers (GoM) to look into the issues related to the GST on life and health insurance
India plans Rs5,00,000-cr sovereign wealth fund
09 Sep 2024
Government of India is planning to create a sovereign wealth fund with a likely corpus of Rs5,00,000 crore by pooling shares of public sector undertakings (PSUs)
India plans Rs5,00,000-cr sovereign wealth fund
09 Sep 2024
Government of India is planning to create a sovereign wealth fund with a likely corpus of Rs5,00,000 crore by pooling shares of public sector undertakings (PSUs)
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CBDT explains Budget proposal on capital gains tax
25 Jul 2024
The Budget, through the Finance Bill, has proposed a rationalisation and simplification of the taxation of capital gains.
India gives a big boost to MRO industry with uniform 5% IGST on aircraft components
17 Jul 2024
India has started levying a uniform 5 per cent Integrated Goods and Services Tax (IGST) on aircraft parts, beginning 15 July
India-US agreement on 2% e-commerce levy expires
02 Jul 2024
A transitional framework agreement on levying a two per cent tax on cross-country digital transactions adopted by India and the United States on 24 November 2021, expires on 30 June 2024
IREDA sets up subsidiary in GIFT City
10 May 2024
Indian Renewable Energy Development Agency Ltd (IREDA), the country’s largest lender for renewable energy projects, has incorporated a wholly owned subsidiary in the International Financial Services Centre (IFSC), in GIFT City, Gujarat.
REC gets RBI nod to set up subsidiary in GIFT City
07 May 2024
REC Limited, a Maharatna central public sector enterprise and a leading NBFC providing finance to the power sector, has received a ‘No Objection Certificate’ from the Reserve Bank of India (RBI)
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.
IREDA granted `Navratna’ status
29 Apr 2024
State-owned Indian Renewable Energy Development Agency (IREDA) has been granted 'Navratna' status by the Department of Public Enterprises, the company stated in a stock exchange filing on Friday.
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.
RBI delays implementation of currency derivatives trading norms
05 Apr 2024
Reserve Bank of India (RBI) has pushed back the implementation of its directions on currency derivatives trade from 5 April to 3 May 2024
REC commits Rs1.6 lakh crore for infra projects in Rajasthan
13 Mar 2024
REC Limited has signed a memorandum of understanding (MoU) with the government of Rajasthan committing Rs1.6 lakh crore to finance projects across power and other infrastructure sectors.
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RBI bars JM Financial from lending against shares
06 Mar 2024
Days after imposing restrictions on online payments banks Paytm and IIFL Finance, Reserve Bank of India (RBI) on Tuesday directed investment banker JM Financial
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.
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