The finance ministry has asked the chartered accountants' body to review the new Income Tax Bill 2025 and suggest improvements
The Centre has set a target of achieving a fiscal deficit of 4.4 per cent of GDP in FY26, down from the revised estimate (RE) for FY25 of 4.8 per cent
For each scheme, the state government designates one SNA and opens its account in a scheduled commercial bank to ensure just-in-time release of funds based on the pace of expenditure
Court order pertains to quashing NFRA's 11 show cause notices to multiple auditors and CAs
Sitharaman said that overvalued currencies erode national competitiveness as exports become expensive and domestic companies will have to be given support
India's economy is expected to grow by 6.4 per cent in real terms and by 9.7 per cent in nominal terms, according to advance estimates released by the National Statistics Office
The Oil Industry Development Act allows for the OIDF money to be utilised for fertilisers
The court order was in response to petitions filed by Deloitte Haskins & Sells LLP, SRBC & Co LLP, and several chartered accountants challenging the constitutional validity of NFRA
The central bank on Friday reduced the repo rate by 25 basis points to 6.25 per cent from 6.5 per cent following its first monetary policy review of the year
Ibbi has noted that the current IBC process treats each entity as a standalone unit, overlooking the intricate web of interdependencies often present in modern business ecosystems
Fitch Ratings said that the budget will be broadly neutral for growth and continued to project real GDP expansion of 6.4 per cent in FY25 and 6.5 per cent in FY26
The MCA will seek Cabinet approval for the full-fledged rollout of the scheme after incorporating lessons from the pilot phase
Based on inputs from the pilot project, government is likely to introduce some tweaks to the programme to make it more viable for applicants and industry, besides raising awareness about the scheme
Nageswaran says Budget gave a nudge to pvt sector investments
Sitharaman spoke on issues ranging from the theme of the Budget to income tax relief and challenging geopolitical environment
"The Prime Minister decided that we need to recognise the taxpayers and their contribution, and if there's a way in which we can reward them, we should. Yes, it will lead to consumption"
Govil spoke about issues ranging from Unified Pension Scheme (UPS) and pay commission to continued thrust on capital expenditure
Seth explains the rationale and the Budget fine print
We continue to place emphasis on the multiplier effect that capital expenditure done by the government has shown, said FM Sitharaman
The government had set a Budget Estimate (BE) for capex at Rs 11.11 trillion for FY25, against which it is expected to miss the target by Rs 93,000 crore