No MAP relief for taxpayers using safe harbour rules: CBDT

New Delhi, Nov. 12 -- Taxpayers who have availed of the safe harbour provisions for specified international transactions cannot seek further relief under the mutual agreement procedure (MAP), accordin... Read More

CAG to audit power discoms amid mounting financial stress

New Delhi, Nov. 12 -- The national auditor, the Comptroller and Auditor General of India (CAG), has launched a nationwide performance audit of power distribution companies (Discoms), which face mounti... Read More

Retail inflation hits 6.09% in October, crosses RBI's upper tolerance limit

New Delhi, Nov. 12 -- India's retail inflation rose to a two-year high of 6.09% in October, up from 5.54% in September, primarily driven by elevated food prices and an unfavourable base effect. Infla... Read More

Moody's raises India's FY27 GDP forecast to 7%

New Delhi, Nov. 12 -- Moody's Ratings has raised its 2026-27 growth forecast for India's economy to 7% from 6.5%, citing resilient consumption, improving investment dynamics and the economy's ability ... Read More

Moody's raises India's FY27 GDP forecast to 7%

New Delhi, Nov. 12 -- Moody's Ratings has raised its 2026-27 growth forecast for India's economy to 7% from 6.5%, citing resilient consumption, improving investment dynamics and the economy's ability ... Read More

Net direct tax collections rise 11.8% to Rs.14.42 trillion, corporate tax leads

New Delhi, Nov. 11 -- India's net direct tax collections rose 11.76% year-on-year to Rs.14.42 trillion as of 10 November in FY27, with corporate tax receipts providing the biggest boost, growing 17.8%... Read More

Moody's raises India's FY27 growth forecast to 7%

New Delhi, Nov. 11 -- New Delhi: Moody's Ratings has raised its 2026-27 growth forecast for India's economy to 7% from 6.5%, citing resilient consumption, improving investment dynamics and the economy... Read More

Budget 2027: Manufacturers seek lower duties on raw materials to cut costs

New Delhi, Nov. 11 -- Manufacturers are seeking lower import duties on raw materials and intermediate goods in the budget for 2027-28, arguing that high input costs are hurting domestic production and... Read More

Union cabinet raises rabi fertilizer subsidy by 64% to Rs.62,370 crore

NEW DELHI, Nov. 11 -- The Centre has approved a 64% year-on-year increase in fertilizer subsidies for the ongoing rabi season to Rs.62,370 crore, as it seeks to keep farm input costs affordable amid v... Read More

NLMC puts 11 govt flats in Prayagraj up for e-auction

New Delhi, Nov. 10 -- New Delhi: Eleven government flats in Uttar Pradesh's Prayagraj are going under the hammer. The National Land Monetisation Corporation (NLMC) will hold an online auction of the f... Read More

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