The government extended deadlines for various income tax compliances, including the filing of a belated or amended return for the 2019-20 fiscal year, until May 31. The Central Board of Direct Taxes (CBDT) stated that it had received...

Goods and services tax (GST) collections hit a record monthly high of Rs 1.41 lakh crore in April which is pointing to a recovering economy before the Covid pandemic exploded.  April GST collections, for transactions in the previous month,...

According to orders issued by the finance ministry, the government has declared a late fee waiver on filing goods and services tax (GST) returns for March and April, as well as a reduction in interest rates on late payments. The move is...

  The country’s exports in April jumped nearly three-folds to $30.21 billion on account of healthy growth in key sectors including engineering, gems and jewellery, and petroleum products, even as trade deficit widened to $15.24...

Tata Power Co., controlled by India’s largest conglomerate Tata Group, is considering an initial public offering for its renewable energy business that is estimated to raise about 35 billion rupees ($473 million), as per people familiar with...

State Bank of India (SBI) will try to keep the interest rates benign as long as possible with a view to supporting the economic growth, its chairman Dinesh Kumar Khara has said. On the impact of the second wave of Covid-19 on non-performing assets...

The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges. The RBI uses the RBS model that includes both...

According to the markets regulator Sebi, mutual funds would have to disclose scheme risk-o-meter, results, and portfolio information to investors only for the specific plans in which they have invested. This is aimed at enhancing the quality of...

The labour ministry has implemented a decision of retirement fund body EPFO's trustees to hike the maximum sum assured which is payable under the Employees' Deposit Linked Insurance Scheme, 1976 to Rs 7 lakh from the existing Rs 6 lakh....

To pump up liquidity, the Reserve Bank of India will conduct a one-day 'Open Market Operations' on May 6 to simultaneous purchase and sell government securities. The OMO session will see the simultaneous purchase and sale of government...