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Take taxpayer feedback, be sensitive to the honest: parliamentary panel to tax authorities

New Delhi, March 20 -- Tax authorities should be "sensitive" to the hardships faced by honest taxpayers due to wrong or inflated demands and take feedback from the public to improve faceless assessmen... Read More


IBBI asks resolution professionals to be more open about losses carried forward

New Delhi, March 18 -- The Insolvency and Bankruptcy Board of India (IBBI) has told debt resolution professionals to be more open about bankrupt companies' past losses that can be carried forward, hel... Read More


Centre's net direct tax collections reach Rs.21.26 trillion, 95% of revised estimates

New Delhi, March 17 -- The Centre has collected Rs.21.26 trillion in net direct taxes so far this fiscal year, reaching 95% of the revised full-year target, the Income Tax Department said Monday after... Read More


Digital competition law needs adaptability: Harsh Malhotra

New Delhi, March 17 -- The government is keen to bring in a new law to ensure fair competition in digital markets but further discussions are needed to ensure that global best practices are adapted to... Read More


Digital competition law needed but discussion are necessary on best practices, says minister Malhotra

New Delhi, March 16 -- The government is keen to bring in a new law to ensure fair competition in digital markets but further discussions are needed to ensure that global best practices are adapted to... Read More


PM internship scheme streamlined, candidates to get more prior information about offers

New Delhi, March 13 -- Candidates applying for the PM internship scheme will now be given more information, including the exact location of the internship opportunity, rather than just the district na... Read More


We have pre-paid large chunk of high-cost govt debt, to help state borrowings: FM

New Delhi, March 11 -- The government has pre-paid a large chunk of its high-cost debt this financial year with a favourable effect to the borrowing cost of Central and state governments, finance mini... Read More


SC lets audit authority to decide on penal powers over audit quality controllers

New Delhi, March 11 -- The National Financial Reporting Authority (NFRA) has got a boost to its powers with the Supreme Court allowing the audit regulator to decide on a dispute over its powers to pen... Read More


Govt seeks House nod for extra spending of Rs.51,400 crore in FY25, mainly for subsidies

New Delhi, March 10 -- Finance minister Nirmala Sitharaman on Monday sought Parliament's approval for a net additional spending of Rs.51,463 crore in FY25 to meet funding requirements of mainly fertil... Read More


Tariffs should be tapered off after building globally competitive domestic businesses: Niti Aayog member

New Delhi, March 9 -- Tariffs aimed at protecting domestic industries from foreign competition have to be gradually tapered off as these industries learn to stand on their feet, Niti Aayog member Arvi... Read More