India Post Payments Bank (IPPB) has won the Union Finance Ministry’s Digital Payments Award 2024‑25 for its role in widening access to cash‑lite transactions and driving financial inclusion across the country.The trophy was presented in Delhi by Finance Minister Nirmala Sitharaman and MoS (Finance) Pankaj Chaudhary to IPPB MD & CEO R Viswesvaran and CGM…
NEW DELHI: Gross direct tax collections rose less than 5% to Rs 5,45,207 crore during the fiscal year up to June 19. The first of the four instalments of advance tax receipts increased at a muted 3.9%, raising fears of a sharp slowdown in the growth in corporate profits during the June quarter.On a net…
File photo: South Korean President Lee Jae Myung (Picture credit: AP) South Korean President Lee Jae Myung has introduced a 30.5 trillion won (USD 22.1 billion) supplementary budget plan aimed at revitalising the country’s weakening economy and supporting struggling citizens, reported news agency ANI, citing The Korea Herald.The proposal, which received Cabinet approval on Thursday,…
This is an AI-generated image, used for representational purposes only. India has surged ahead in global GDP rankings over the past decade, but its per capita income remains among the lowest in the top 10 economies. In this context, a new report by Llama Research has underlined the need for India’s next growth phase to…
Sebi is working on a comprehensive review of mutual fund regulations to make them more investor-centric and industry-friendly, a senior official said on Saturday.“We are reviewing the entire mutual fund regulatory framework to enhance ease of doing business for all stakeholders, including the regulator,” said Manoj Kumar, executive director at Sebi, at the 17th Mutual…
NEW DELHI: State-run Oil and Natural Gas Corporation (ONGC) on Saturday said it had made significant progress in its efforts to contain the gas blowout at well RDS#147A in Assam’s Rudrasagar oilfield, with the flow rate of natural gas having reduced substantially. The blowout — or uncontrolled gas flow — occurred on June 12 at…
The incentives in India’s proposed programme will be distributed through a reverse bidding mechanism. (AI image) India is readying a plan to reduce its acute dependence on China for rare earth minerals. The move comes at a time when China has imposed export curbs on rare earths and Indian industry has raised alarm bells on…
The Centre and Karnataka government have agreed to jointly compensate mango farmers in the state for up to 2.5 lakh tonnes of produce after a sharp decline in market prices, according to an official statement issued on Saturday.The decision was taken during a video conference between Union Agriculture Minister Shivraj Singh Chouhan and Karnataka Agriculture…
Capital gains from sale of mutual funds (MFs) are taxable In India, under both the old and new income tax regimes. (AI image) Income Tax Return Filing AY 2025-26: One important aspect of income tax return filing, apart from reporting income from salary, is also filling in details of any capital gains – short-term or…
Ahead of the July 6–7 BRICS summit in Rio de Janeiro, senior diplomats from leading member nations said the grouping is likely to intensify efforts toward settling trade in national currencies, even as they ruled out any imminent move toward a unified BRICS currency.At a conference co-hosted by the Embassy of Brazil and Centre for…
