The overall net direct tax mop-up includes net corporate tax of ₹10.91 lakh crore, non-corporate tax of ₹11.32 lakh crore and securities transaction tax (STT) of ₹55,717 crore.
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Economists caution that rising energy costs and higher freight charges will add to inflationary pressures and squeeze margins in a wide range of sectors, including oil marketing companies (OMCs), fertilisers, ceramics and tiles, paints, tyres, chemicals, synthetic textiles and airlines.
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Enforcement Directorate has successfully restored immovable properties worth ₹650 crore to 2,312 genuine homebuyers allegedly defrauded by SRS group, people in the know said.
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Indian markets reacted sharply as the US Federal Reserve kept interest rates unchanged. Officials cited rising oil prices and geopolitical tensions for their cautious approach. Projections indicate only one rate cut this year. This decision impacted global markets, with major…
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The proposal currently being evaluated by the finance ministry would enable domestic insurers to extend coverage to vessels sailing through high-risk zones such as the Strait of Hormuz, taking comfort from government-backed reinsurance that would cushion potential losses, the people…
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Iran has intensified attacks on energy infrastructure across the Middle East. Gulf Arab nations have issued stern warnings, fearing direct involvement in the escalating conflict. These strikes follow Israeli actions against Iranian energy assets. Oil prices have surged significantly. The…
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