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Indian economy to grow 7% or more in FY26: Nageswaran

New Delhi, Nov. 28 -- India's economy is likely to grow at 7% or more in the current financial year, aided by a strong 8% growth in the first half of the year and the cumulative effect of structural r... Read More


Mint Explainer | India's bankruptcy code has matured, encouraging more financial creditors to recover their dues

New Delhi, Nov. 28 -- India's bankruptcy code is gradually changing its character. The outcomes of insolvency proceedings show that operational creditors such as vendors had been most active in draggi... Read More


Parliament panel reviews IBC changes; bill likely in winter session

New Delhi, Nov. 27 -- India's nine-year-old Insolvency and Bankruptcy Code (IBC) is set to see its biggest reform yet in the upcoming parliament session, with a select committee of the Lok Sabha holdi... Read More


I-T Dept to nudge taxpayers to come clean on foreign wealth; Rs.30,000 crore disclosed in previous drive

New Delhi, Nov. 27 -- The income tax department will launch a campaign on Friday, nudging approximately 25,000 high-risk assessees to come clean about their undisclosed foreign income and assets that ... Read More


Taxpayer base soars, but return filings lag sharply: CBDT data

New Delhi, Nov. 27 -- India's income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, accor... Read More


After rate cuts, GST Council moves to tackle inverted duty anomalies

New Delhi, Nov. 25 -- After slashing goods and services tax (GST) rates in September, the Centre and states are now gearing up to fix the tax system's next fault line-inverted duty structures, accordi... Read More


Inverted duty fix is next on Centre's GST agenda

New Delhi, Nov. 25 -- After slashing goods and services tax (GST) rates in September, the Centre and states are now gearing up to fix the tax system's next fault line: inverted duty structures. The GS... Read More


Bankrupt tycoons, managers face Rs.4 trillion of claims from creditors for past wrongs

New Delhi, Nov. 24 -- While creditors handhold bankruptcy resolution and recover debt from rescue packages, dubious pre-bankruptcy deals are building up a mountain of claims in the background. Credit... Read More


Claims on dubious pre-IBC deals swell

new delhi, Nov. 24 -- While creditors handhold bankruptcy resolution and recover debt from rescue packages, dubious pre-bankruptcy deals are building up a mountain of claims in the background. Credito... Read More


Govt mulls tower-level insolvency to save homebuyers from delays

New Delhi, Nov. 22 -- The government and the Insolvency and Bankruptcy Board of India (IBBI) are examining if the proposed framework tailored for real estate sector should attempt to resolve financial... Read More