NEW DELHI: Finance minister Nirmala Sitharaman on Monday asked top direct tax officials to make the processes simpler, transparent, and taxpayer-friendly, while seeking to speed up cases of disputed tax demand.During a meeting with principal chief commissioners of income tax, the minister called for a “structured, process-driven approach to compliance” focusing on greater ease for…
LUCKNOW: RBI governor Sanjay Malhotra on Monday said his experience at the United Nations taught him to challenge status quo, a lesson that helped him streamline government systems during his administrative career.Speaking at the 58th convocation of IIT Kanpur, Malhotra-an alumnus of the institute – outlined four key learnings from his professional journey thus far:…
Oil prices slipped nearly $5, or 6%, on Monday after Iran attacked the US military base in Qatar in retaliation for US attacks on its nuclear facilities, and took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz.About a fifth of global oil supply flows through the strait.A telegraphed attack…
State-owned power giant, NTPC, is seeking shareholder’s approval to raise up to Rs 18,000 crore through the private placement of bonds or non-convertible debentures (NCDs) in the domestic market.In a regulatory filing on Monday, the company said it has issued a postal ballot notice to seek shareholders’ nod via special resolution, using remote e-voting. The…
Oil supply through the crucial Strait of Hormuz is unlikely to be affected, even though conflict in the Middle-East continues to escalate and crude prices continue to rise.The region remains tense after the recent US strike on Iran, but there is hope that oil supply routes will continue to operate without disruption, experts told ANI.Former…
India’s economic activity showed a mixed picture in June, after a clear slowdown in May, according to a recent report by ICRA.While electricity demand showed some improvement in June, daily average vehicle registrations continued to weaken compared to May.Demand for two-wheelers and tractors is likely to improve on the back of rural sentiments, while urban…
Commerce and Industry Minister Piyush Goyal affirmed that India’s free trade agreements (FTAs) prioritize domestic industry interests through extensive stakeholder consultations, carefully balancing offensive and defensive needs. He emphasized pursuing trade pacts with complementary economies, ensuring national and public interests are upheld. Commerce and industry minister Piyush Goyal on Monday said India is shaping its…
The finance ministry has extended the deadline for central government employees to choose between the Unified Pension Scheme (UPS) and the National Pension System (NPS) by three months, from June 30 to September 30, 2025.The move comes after various stakeholders, including employee unions and retirees’ associations, sought more time to assess their options. The UPS,…
Donald Trump’s decisions on tariffs have become more crucial than ever. (AI image) US strikes on Iran’s nuclear facilities have had one important consequence – globally markets are aware that Donald Trump will not always ‘chicken out’! US President Donald Trump’s military strike on Iranian nuclear installations, alongside Israel’s ongoing conflict with Iran, has introduced…
ITR filing: The deadline to file income tax returns has been extended to September 15, 2025 this year, as against July 31 every year. (AI image) ITR filing FY 2024-25: Who needs to file income tax return? At what income level is filing of ITR necessitated? That’s an important question in the minds of taxpayers,…
