Reserve Bank of India Governor Sanjay Malhotra indicated a cautious approach to further rate cuts, emphasizing the equal importance of growth and price stability. The MPC, having already reduced the repo rate by 100 basis points, will assess evolving inflation…
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The Reserve Bank of India will conduct a bond switch auction. It aims to manage government debt. Bonds worth ₹32,000 crore will be switched. This move reduces redemption pressure in the coming years. It also helps in lowering the fiscal…
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Viceroy Research awaits a response from SEBI regarding its queries on Vedanta Group’s restructuring, alleging non-arms length financing through entities like Serentica Renewables. Vedanta has denied these allegations, citing regulatory and investor support. Meanwhile, BofA Securities maintains an ‘overweight’ rating…
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The Income Tax Department is cracking down on fraudulent tax deduction claims, including those under sections like 80GGC, 80E, 80D, 80EE, 80EEB, etc. Taxpayers who have made incorrect claims can file updated returns (ITR-U) within the stipulated time to avoid…
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The GSTN has enabled online filing of appeals against rejection orders (SPL-07) under the GST Amnesty Scheme u/s 128A, offering relief to taxpayers whose waiver applications were denied. Taxpayers can now appeal these rejections, seeking reconsideration of their applications for…
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A parliamentary panel suggests reinstating a key deduction in the Income Tax Bill 2025. This move offers relief to India Inc by preventing double taxation on inter-corporate dividends. The recommendation, part of over 285 accepted tweaks, aims to revive Section…
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