New Delhi, March 31 (IANS) As India approaches the new fiscal year FY27, the country’s direct tax system is set for a major overhaul from April 1, 2026, with the new Income Tax Act, 2025, coming into force -- replacing the six-decade-old 1961 legislation and introducing changes in compliance, terminology and taxation.
New Delhi, March 31 (IANS) The government on Tuesday said it has released more than Rs 1,500 crore as the 15th Finance Commission grants to strengthen rural local governance in six states.
New Delhi, March 31 (IANS) The International Monetary Fund (IMF) has said the ongoing US-Israel and Iran war could shape the global economy in different ways — all roads leading to higher prices and slower growth.
Mumbai, March 31 (IANS) Domestic stock exchanges BSE and NSE will remain closed on Tuesday on account of Shri Mahavir Jayanti.
Seoul, March 31 (IANS) South Korean stocks traded lower late on Tuesday morning, led by heavy foreign sell-offs, as an escalating conflict in the Middle East heightened concerns about global oil supplies and broader economic impacts.
New Delhi, March 30 (IANS) The Enforcement Directorate has investigated 1,105 bank fraud cases under the Prevention of Money Laundering Act (PMLA) and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday.
Mumbai, March 30 (IANS) The Reserve Bank of India (RBI) on Monday injected Rs 84,582 crore into the banking system to enhance liquidity through two variable rate repo (VRR) auctions.
New Delhi, March 30 (IANS) India’s GDP growth is expected to moderate to 6.5 per cent in FY2027 because of elevated crude oil prices and concerns around energy availability, a report said on Monday.
New Delhi, March 30 (IANS) Nearly 99.92 per cent of inhabited villages in India now have a banking outlet within a five‑kilometre radius, the Parliament was informed on Monday.
New Delhi, March 30 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that India’s stance at the recently concluded WTO Ministerial Conference (MC14) in Cameroon was "not only heard but also reflected" in the final outcomes, underlining the country’s growing influence in shaping global trade discussions.
