The Enforcement Directorate (ED) is investigating Anil Ambani’s Reliance group for allegedly diverting ₹12,000 crore from Reliance Home Finance Ltd (RHFL) to related entities. Assisted by multiple agencies, the ED is scrutinizing transactions involving 22 individuals and 60 companies.
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Economists are divided on whether the Reserve Bank of India (RBI) should cut interest rates in August. Some point to low inflation, while others advocate caution, citing uncertainty in trade policy and the need to assess future inflation trends. The…
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The cyber agency issues the necessary guidelines for setting up of State/sectoral Computer Security Incident Response Teams (CSIRTs). Sector-specific CSIRTs, such as CSIRT in Finance sector (CSIRT-Fin) and CSIRT in Power sector (CSIRT-Power), are operational to coordinate cyber security issues…
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Baijayant Panda, chairperson of the parliamentary select committee, stated that the new income-tax bill simplifies the tax code and reduces ambiguities for taxpayers. The committee suggested around 285 changes, including reinstating a provision on inter-corporate dividends.
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India’s total gross direct tax collections (before adjusting for refunds) have more than doubled in the last five years, reflecting the high economic growth and improved tax compliance in the country, which has been encouraged with the introduction of the…
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The Finance Ministry has clarified that there are no plans to impose GST on UPI transactions exceeding Rs 2000. Pankaj Chaudhary, Finance Minister of State, informed the Rajya Sabha about this decision. The GST Council has not recommended any such…
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