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Nirmala Sitharaman calls for a coordinated global effort to strengthen economic governance

New Delhi, Dec. 2 -- Nations need to work closely to deal with challenges to economic governance arising from the digitalization of the economy, the emergence of new financial products, and evolving s... Read More


Realty bankruptcy reform to take some time

new delhi, Dec. 2 -- The government will take up real estate-focused bankruptcy reforms separately, keeping them out of the Insolvency and Bankruptcy Code (IBC) amendments likely to be introduced in P... Read More


Real estate bankruptcy reforms pushed to a later phase of IBC overhaul

New Delhi, Dec. 1 -- The government will take up real estate-focused bankruptcy reforms separately, keeping them out of the Insolvency and Bankruptcy Code (IBC) amendments likely to be introduced in P... Read More


FM to introduce Bill for 'health, national security' cess today, as tobacco levy set to expire

New Delhi, Dec. 1 -- Finance minister Nirmala Sitharaman will on Monday introduce a Bill in Lok Sabha to levy a new cess for public health and national security, replacing the GST compensation cess on... Read More


As Centre moves to revamp tobacco taxation, states to benefit from excise duty hike

NEW DELHI, Dec. 1 -- The Centre on Monday moved to overhaul the taxation of tobacco and related products, including cigarettes, snuff, smoking mixtures, and pan masala, by phasing out the goods and se... Read More


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