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Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax (GST) Council Meeting, in New Delhi, on August 2, 2023. | Photo Credit: PTI The GST Council on August 2 blinked a little on technicalities and kept the door open for…
Read More “GST Council sticks to its guns, imposes 28% tax on online gaming ” »
Representational image only. | Photo Credit: Twitter/@IncomeTaxIndia The number of Income Tax Returns (ITRs) filed by the July 31 deadline touched a new high of 6.77 crore this year, 16.1% higher than a year ago, with 53.67 lakh taxpayers filing returns for the first time. A little less than 10% of all return filings took…
Read More “6.77 crore IT returns, a surge of 16.1%, filed by July 31” »
Image used for representational purposes only. | Photo Credit: Special Arrangement India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July. However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year. Revenues…
Read More “GST revenues register three-month high in July” »
A file photo of Energy Minister K.J. George (2nd from right), along with Dileesh Sasi, Director, Directorate of Electronic Delivery of Citizen Service (EDCS); Gaurav Gupta, Additional Chief Secretary Energy Department; and Mahantesh Bilagi, MD, Bescom, in Bengaluru. | Photo Credit: K. Murali Kumar Although it was announced that the Gruha Jyothi scheme would be…
Read More “Gruha Jyothi scheme to be launched in Kalaburagi on August 5” »
NABARD officials and beneficiaries at a farm pond constructed through FPO in Navalgund taluk of Dharwad district on Monday. | Photo Credit: KIRAN BAKALE The help extended by NABARD and State Bank of India to farmers of Navalgund taluk has facilitated the establishment and operation of Farmers Producers Organisation (FPO) and it, in turn, has…
Read More “Farmers Producers Org set up in 2016 to do business of ₹20 crore this year” »
A view of a steel plant. India’s core sectors’ output surged at a five-month high pace of 8.2% in June, as per data from the Commerce and Industry Ministry, led by a 21.9% spike in steel output | Photo Credit: The Hindu India’s core sectors’ output surged 8.2% in June, the fastest pace in five…
Read More “At 8.2%, core sectors’ growth hits 5-month high in June” »
The High Court of Bombay has recently taken suo motu cognisance of the exploitation of the intra-State workforce that migrates seasonally from the drought-affected and water-scarce regions of Marathwada to the sugar-belt region of western Maharashtra. Maharashtra is one of the top sugar producers in India. According to the Maharashtra Sugar Commissioner, in 2022-23, the…
Over six crore taxpayers had filed their income tax returns (ITRs) by Sunday evening, a day before the filing deadline, which the Income Tax Department termed a “new milestone” as this is significantly higher than the total returns filed by July 31, 2022. Nearly 26.8 lakh taxpayers filed their tax returns by 6:30 p.m. on…
Read More “Over six crore Income Tax Returns filed in a new milestone, says Income Tax Department” »
Union Minister Jyotiraditya Scindia said that government’s regional connectivity scheme (RCS), also known as UDAN, are being put up for bidding again. File | Photo Credit: Shiv Kumar Pushpakar Discontinued routes under the government’s regional connectivity scheme (RCS), also known as UDAN, are being put up for bidding again, Civil Aviation Minister Jyotiraditya Scindia said…
Read More “Unused UDAN routes will be up for re-bidding: Jyotiraditya Scindia” »
The story so far: As part of the second phase of the design-linked incentive (DLI) scheme for the domestic semiconductor industry, the Indian government, according to media reports, is considering a proposal to pick an equity stake in domestic chip design-making companies. The modalities and the timing of the policy are yet to be worked…
Read More “Explained | Mapping India’s chip design ecosystem” »