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IBBI draft rules require promoters to disclose crypto, foreign assets and more in bankruptcy

New Delhi, April 3 -- The Insolvency and Bankruptcy Board of India (IBBI) has issued draft regulations requiring company promoters who have guaranteed corporate loans to disclose their personal wealth... Read More


Centre waives customs duties on petrochemicals till June end to blunt Iran war impact

NEW DELHI, April 2 -- The Centre has exempted 40 critical petrochemical feedstocks and intermediates from duties to cushion domestic industry from supply disruptions triggered by the Iran war, the fin... Read More


CBDT refines GAAR exemption clause for pre-2017 investments

New Delhi, April 2 -- The Central Board of Direct Taxes (CBDT) has clarified that investments made in India before 1 April 2017 are outside the scope of the anti-abuse rule General Anti Avoidance Rule... Read More


Net GST revenue hits Rs.1.78 lakh cr in Mar

New Delhi, April 2 -- Central and state governments collected Rs.1.78 lakh crore in net GST (goods and services tax) revenue this March after adjusting for tax refunds, an 8.2% annual increase and the... Read More


Scrutiny of pre-bankruptcy deals of businesses expanded: Nirmala Sitharaman

New Delhi, April 1 -- Amendments to the Insolvency and Bankruptcy Code (IBC) expand the scrutiny over pre-bankruptcy transactions of distressed companies to cover a longer period, finance and corporat... Read More


Net GST revenue hits Rs.1.78 trillion in March, highest since April 2025 peak

New Delhi, April 1 -- Central and state governments collected Rs.1.78 trillion in net GST revenue this March after adjusting for tax refunds, an 8.2% annual increase and the highest monthly total sinc... Read More


In a fillip for e-commerce export, India eases norms for couriers

New Delhi, March 31 -- India has removed the Rs.10 lakh cap on export by courier firms and enabled the return of uncleared parcels to senders from 1 April, easing shipment constraints and improving tu... Read More


Mint Explainer: What income tax changes will kick in from 1 April?

New Delhi, March 31 -- A simpler income tax law will come into force from 1 April, along with other changes announced in this year's Budget including higher benefit of deductions for salaried tax paye... Read More


IFC to up India investments 30% to $7 bn this fiscal, focus on local push, jobs

New Delhi, March 30 -- International Finance Corp. (IFC) aims to scale up its India investments by about 30% to $7 billion this fiscal year ending 30 June, said Sarvesh Suri, regional vice-president f... Read More


CII's 12-point agenda: tackle energy crisis, protect jobs, contain inflation

New Delhi, March 29 -- The Confederation of Indian Industry (CII) has urged businesses to adopt practical and responsible measures amid the current energy shock triggered by the ongoing West Asia war,... Read More