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Ruchika Chitravanshi

Ruchika Chitravanshi

Ruchika Chitravanshi/workspace/business Standard Web/video

Tax audit is the forte of chartered accountants: ICAI President Nanda

The finance ministry has asked the chartered accountants' body to review the new Income Tax Bill 2025 and suggest improvements

Tax audit is the forte of chartered accountants: ICAI President Nanda
Updated On : 19 Feb 2025 | 5:44 PM IST

India's fiscal trajectory in line with our expectations: S&P Global Ratings

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

India's fiscal trajectory in line with our expectations: S&P Global Ratings
Updated On : 18 Feb 2025 | 4:42 PM IST

Nearly Rs 1 trillion unspent welfare funds lying in states' accounts

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

Nearly Rs 1 trillion unspent welfare funds lying in states' accounts
Updated On : 17 Feb 2025 | 10:56 PM IST

Quashing of showcause notices: NFRA moves apex court against HC ruling

Court order pertains to quashing NFRA's 11 show cause notices to multiple auditors and CAs

Quashing of showcause notices: NFRA moves apex court against HC ruling
Updated On : 15 Feb 2025 | 12:18 AM IST

Govt, RBI keeping vigil on rupee fluctuation: FM Sitharaman in Rajya Sabha

Sitharaman said that overvalued currencies erode national competitiveness as exports become expensive and domestic companies will have to be given support

Govt, RBI keeping vigil on rupee fluctuation: FM Sitharaman in Rajya Sabha
Updated On : 13 Feb 2025 | 11:08 PM IST

Speedy rebound in growth on strong foundation: FM Nirmala Sitharaman

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

Speedy rebound in growth on strong foundation: FM Nirmala Sitharaman
Updated On : 11 Feb 2025 | 10:33 PM IST

Govt likely to use reserve oil funds to finance fertiliser subsidy gap

The Oil Industry Development Act allows for the OIDF money to be utilised for fertilisers

Govt likely to use reserve oil funds to finance fertiliser subsidy gap
Updated On : 10 Feb 2025 | 10:58 PM IST

Delhi HC backs NFRA's powers but questions it on 'division of functions'

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

Delhi HC backs NFRA's powers but questions it on 'division of functions'
Updated On : 08 Feb 2025 | 8:00 PM IST

Finance ministry may consider rate cut for small savings schemes in FY26

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

Finance ministry may consider rate cut for small savings schemes in FY26
Updated On : 07 Feb 2025 | 10:54 PM IST

Ibbi proposes coordinated insolvency resolution for interconnected entities

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

Ibbi proposes coordinated insolvency resolution for interconnected entities
Updated On : 05 Feb 2025 | 11:29 PM IST

Budget 2025 tax cuts to boost demand and consumption: Rating agencies

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

Budget 2025 tax cuts to boost demand and consumption: Rating agencies
Updated On : 05 Feb 2025 | 12:08 AM IST

Govt fine-tunes internship scheme to enhance youth training with India Inc

The MCA will seek Cabinet approval for the full-fledged rollout of the scheme after incorporating lessons from the pilot phase

Govt fine-tunes internship scheme to enhance youth training with India Inc
Updated On : 04 Feb 2025 | 10:26 PM IST

Budget 2025: Internship scheme gets massive fund infusion, to see changes

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

Budget 2025: Internship scheme gets massive fund infusion, to see changes
Updated On : 04 Feb 2025 | 3:56 PM IST

Tax relief move has reduced demand uncertainty: CEA V Anantha Nageswaran

Nageswaran says Budget gave a nudge to pvt sector investments

Tax relief move has reduced demand uncertainty: CEA V Anantha Nageswaran
Updated On : 03 Feb 2025 | 11:04 PM IST

Almost all of govt borrowing going for asset creation: FM Sitharaman

Sitharaman spoke on issues ranging from the theme of the Budget to income tax relief and challenging geopolitical environment

Almost all of govt borrowing going for asset creation: FM Sitharaman
Updated On : 03 Feb 2025 | 7:01 AM IST

Made sure we're ready for 'Make in India, for the world': FM Sitharaman

"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"

Made sure we're ready for 'Make in India, for the world': FM Sitharaman
Updated On : 03 Feb 2025 | 12:44 AM IST

No immediate impact of Pay Commission on FY26 Budget: Expenditure Secy

Govil spoke about issues ranging from Unified Pension Scheme (UPS) and pay commission to continued thrust on capital expenditure

No immediate impact of Pay Commission on FY26 Budget: Expenditure Secy
Updated On : 03 Feb 2025 | 12:16 AM IST

Maintaining capex at over 3% is a good benchmark: DEA Secy Ajay Seth

Seth explains the rationale and the Budget fine print

Maintaining capex at over 3% is a good benchmark: DEA Secy Ajay Seth
Updated On : 03 Feb 2025 | 12:09 AM IST

Budget 2025: We've responded to the voice of the people, says FM Sitharaman

We continue to place emphasis on the multiplier effect that capital expenditure done by the government has shown, said FM Sitharaman

Budget 2025: We've responded to the voice of the people, says FM Sitharaman
Updated On : 01 Feb 2025 | 11:54 PM IST

Budget 2025: Centre sets capex goal for FY26 at Rs 11.21 trillion

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

Budget 2025: Centre sets capex goal for FY26 at Rs 11.21 trillion
Updated On : 01 Feb 2025 | 10:29 PM IST