Over 5.9 crore taxpayers file ITRs by July 31 for AY 2026-27

IANS | August 1, 2026 1:31 PM

New Delhi, Aug 1 (IANS) More than 5.9 crore income tax returns (ITRs) have been filed for the Assessment Year (AY) 2026-27 by the July 31 deadline, the Income Tax Department said on Saturday, while thanking taxpayers for their timely compliance.

ITR deadline, RBI MPC meet among key financial deadlines, events in August

IANS | August 1, 2026 12:33 PM

New Delhi, Aug 1 (IANS) August brings a slew of financial deadlines and events that could affect taxpayers and banking customers, including an August 31 income tax return (ITR) deadline for businesses and professionals, the Reserve Bank of India's Monetary Policy Committee (MPC) meeting and bank service charge changes.

RBI may hold rates in August MPC as Q1 growth likely to cross 7 pc: Report

IANS | August 1, 2026 11:28 AM

New Delhi, Aug 1 (IANS) The Reserve Bank of India (RBI) is likely to keep policy rates unchanged in its Monetary Policy Committee (MPC) meeting this month, as consumer price inflation is expected to remain above 5 per cent for the next two quarters and Q1 FY27 domestic product growth may exceed about 7 per cent, a report said on Saturday.

‘Samudra Manthan’ to help India cut long-term dependence on oil and gas imports: Ministry

IANS | August 1, 2026 10:40 AM

New Delhi, Aug 1 (IANS) By creating a robust offshore exploration ecosystem through better data, risk-sharing, common infrastructure and domestic manufacturing capabilities, the ‘Samudra Manthan’ scheme will enable India to build national capability in deepwater exploration and production, strengthen our energy-security resilience, and reduce our long-term dependence on imports, Petroleum Ministry said on Saturday.

SEBI bars Punit Goenka, Subhash Chandra from securities markets for a year

IANS | August 1, 2026 10:29 AM

Mumbai, Aug 1 (IANS) Market regulator SEBI has barred Zee Entertainment Enterprises Ltd (ZEEL) and two of its top executives, Punit Goenka and Subhash Chandra, from the securities market after finding that ZEEL’s Hyderabad land was mortgaged against loans availed by Essel Group entities without necessary corporate approvals.

UPI transactions register 22 pc growth in July, value hits Rs 29.88 lakh crore

IANS | August 1, 2026 9:35 AM

New Delhi, Aug 1 (IANS) The Unified Payments Interface (UPI) transaction volumes rose 22 per cent (year-on-year) to 23.66 billion in July, while UPI transaction value surged 19 per cent to Rs 29.88 lakh crore last month, according to data released by the National Payments Corporation of India (NPCI) on Saturday.

OMCs cut commercial LPG cylinder prices by over Rs 200

IANS | August 1, 2026 9:21 AM

New Delhi, Aug 1 (IANS) State-owned oil marketing companies (OMCs) on Saturday reduced the price of 19-kg commercial LPG cylinders by over Rs 200 across major cities, providing relief to restaurants, hotels and other commercial establishments that depend on the fuel for cooking.