CBDT acts upon intermediaries involved in bogus ITR deductions: Govt

IANS | December 13, 2025 4:16 PM

New Delhi, Dec 13 (IANS) The Central Board of Direct Taxes (CBDT) acted upon many intermediaries who were involved in filing Income Tax (I-T) returns with bogus claims of deductions and exemptions under the Income Tax Act, the Ministry of Finance informed on Saturday.

Hawala to crypto, Pak’s underground economy thrives sans any scrutiny

IANS | December 13, 2025 2:39 PM

New Delhi, Dec 13 (IANS) Pakistan is at a dangerous crossroads where the documented economy is suffocating, while the underground economy is thriving -- in the form of hawala counters in Dubai, the Telegram crypto groups operating from Karachi and Peshawar, the fake IT invoices flowing from single-room “export houses,” and the billions finding refuge in real estate, gold, offshore wallets, and double-invoiced trade routes, a new report has revealed.

India remains a bright spot amid global uncertainty: CEA Nageswaran

IANS | December 13, 2025 1:57 PM

New Delhi, Dec 13 (IANS) India remains a bright spot amid global uncertainty, with a robust 6.5 per cent growth rate, improved fiscal health, strong domestic demand, and structural reforms fostering resilience, Chief Economic Adviser V. Anantha Nageswaran said on Saturday.