Harsh Kumar

GST Council defers decision to reduce tax on health, life insurance

Bihar's Deputy Chief Minister Samrat Chaudhary said another meeting of the GoM is scheduled for January before the proposal is reintroduced to the GST Council

States seek higher interest-free capex loans, increased borrowing limit

Infrastructure development emerged as a key focus area, with states calling for dedicated funding for state-specific road and railway projects

Sitharaman to hold pre-Budget talks with state finance ministers on Friday

The official further noted that this year's Budget consultations are particularly significant due to the political outcomes of recent state elections

Draft Bill moots unregulated lending ban, up to 10-year imprisonment

The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs

GoM proposes GST cuts for health insurance, exemption for term policies

Also recommends reduction of rate on individual health covers from 18% to 5%

IBA suggests FinMin for training sessions of bankers to handle fraud

The number of frauds in the banking sector increased over four times in the past five years to 36,075

Public sector bank loan frauds: A 10% problem, but a 98% financial crisis

The finance ministry's ongoing efforts aim to strengthen fraud detection, improve the speed of investigations, and ensure accountability across the banking sector

FM counters Rahul on PSBs, says their turnaround has benefitted everyone

Gandhi alleged on X that the Narendra Modi government has turned PSBs ("lifelines of the masses") into private financiers for only the rich and powerful corporations

PM Narendra Modi launches LIC's 'Bima Sakhi Yojana' to empower women

LIC's Bima Sakhi Yojana to enrol 100,000 women in 12 months

Ajay Seth gets additional charge of revenue as Malhotra becomes RBI guv

His appointment comes at a time when the Goods and Services Tax Council meeting is scheduled for December 21 in Jaisalmer

Will do what is best for economy, says incoming RBI guv Sanjay Malhotra

Malhotra, 56, will take over as governor today at a time when there is growing clamour for an interest rate cut to support slowing economic growth

Change of guard: Who is Sanjay Malhotra, Centre's pick as new RBI governor?

As revenue secretary, Malhotra took key decisions, including rationalisation of capital gains tax

PSBs lag behind on govt insurance enrolment targets, shows data

Till October of the plan year 2024-25, PSBs have achieved only 40 per cent of their total enrolment target of 6.4 crore for PMSBY

PSBs urge CBI for timely FIR registration, regular updates on case progress

The Department of Financial Services (DFS) on Wednesday organized a coordination meeting on vigilance matters of PSBs

Don't kill golden goose chasing smuggling masterminds: Revenue secy to DRI

Malhotra said it is vital for the department to upgrade skills and manpower to adapt to technological changes

NARCL to bid for seven stressed assets worth Rs 34K cr via Swiss challenge

NARCL has been set up with a strategic initiative to clean up the legacy stressed assets with an exposure of Rs 500 crore and above in the Indian Banking system

Bill to push banking reforms, strengthen governance gets Lok Sabha nod

Proposes up to 4 successive nominations by bank a/c holders

PSBs at only 42% of FY25 MUDRA disbursement target by October-end

As of October 25, MUDRA loans amounting to Rs 28,511 crore or 12.4 per cent of the annual target for PSBs, is still under process

GoM proposes fresh band: 35% GST slab likely for tobacco, aerated drinks

"The GoM on rate rationalisation has completed its report, which proposes major adjustments to tax rates on 148 items, with a particular focus on the textile industry"

Windfall tax on domestic oil, fuel exports scrapped with immediate effect

No major revenue impact, say experts