financial year

New Delhi, March 30 The income tax department said on Monday that "banking companies" governed by the provisions of the Banking Regulation Act, 1949, will deduct TDS (Tax Deducted at Source) on interest income exceeding the prescribed threshold.Under the Income Tax law, tax is to be deducted...

Visakhapatnam, March 29 Union Minister Sarbananda Sonowal on Sunday praised the role of DCI in strengthening the country's maritime and port infrastructure.Addressing DCI's 50th anniversary celebrations here, Sonowal highlighted the organization's contribution over five decades in ensuring...

Jammu, March 29 Addressing the concerns of legislators, Jammu and Kashmir Chief Minister Omar Abdullah said that funds earmarked under the Constituency Development Fund (CDF) are non-lapsable, with savings exceeding Rs 25 crore recorded under the scheme.In a written reply to a starred question...

New Delhi, March 27 – The Parliament on Friday passed the Finance Bill 2026 with the Rajya Sabha returning it to the Lok Sabha by voice vote, completing the legislative process to provide legal backing for the proposals of the Union Budget 2026-27, which will come into effect during the new...

New Delhi, March 26 The Delhi government's excise department has mandated fresh brand registration and revalidation of stock-keeping units by liquor wholesalers, ahead of the new financial year starting April 1.In a circular issued to L-I licensees (wholesalers), the excise department has said...

Thane, March 25 The Thane Zilla Parishad in Maharashtra presented its budget for the financial year 2026-27 on Wednesday, proposing a total expenditure of Rs 116.93 crore, with a focus on strengthening roads and launching various women-centric schemes.Speaking to reporters, Thane ZP CEO Ranjit...

Ranchi, March 25 The Jharkhand State Electricity Regulatory Commission announced a 6.12 per cent increase in power tariffs on Wednesday, which will come into effect from the beginning of the next financial year.Under the new rates, domestic consumers in rural areas will have to pay Rs 7.20 per...

New Delhi, March 25 The market regulator, Sebi, on Wednesday allowed members of the Institute of Cost Accountants of India to conduct the annual audits of research analysts and investment advisors, a move that will expand the pool of eligible professionals.Previously, only members of the...

Delhi Chief Minister Rekha Gupta presented the city government's annual budget of ₹1,03,700 crore for the 2026-27 financial year at the Delhi Assembly's budget session today.Addressing the session, the Chief Minister stated that Delhi has the third highest per capita income in the country. She...

New Delhi, March 23 The Income Tax department on Monday said its e-filing portal will facilitate compliance under the old and Income Tax Acts, and all assessments, appeals, and other proceedings relating to earlier years will continue to be conducted under the old Act until their final...

New Delhi, March 17 The government has imposed penalties totaling nearly Rs 20 crore on various companies for non-compliance with CSR norms in the last three financial years.Under the Companies Act, certain profitable firms are required to spend at least 2% of their three-year annual average...

Mumbai, March 15 India's exports of gems and jewelry increased by 3.86% year-on-year to USD 2,680.79 million (Rs 24,340.05 crore) in February, following the industry's diversification into other markets, according to the Gem and Jewelry Export Promotion Council (GJEPC).Overall exports stood at...

New Delhi, March 13 Coal production from captive and commercial mines has exceeded the 200 million tonne mark in the current financial year till March 11.Of the total production, captive and commercial coal mines contributed 194.17 MT, while other mines contributed 6.06 MT, the Ministry of...

New Delhi, March 10 Apis India, a consumer foods company based in Delhi, expects to grow at a CAGR of around 15 per cent over the next five years, according to its Managing Director, Amit Anand.The company, which operates in the segments of honey, dates, etc., is witnessing an increase in the...

New Delhi, March 10 The fiscal deficit as a percentage of GDP for the three financial years up to 2024-25 has been revised upwards following the revision in the base year for calculating GDP, the government informed Parliament on Tuesday.According to the new GDP series published on February...

New Delhi, March 10 – The government told Parliament on Tuesday that there is no shortage of lower-denomination currency notes of Rs 10, Rs 20, and Rs 50 in circulation in the country.Minister of State for Finance, Pankaj Chaudhary, in a reply to a question in the Rajya Sabha, said that...

Panaji, March 9 Goa Chief Minister Pramod Sawant said on Monday that the state had borrowed ₹4,148 crore in interest-free loans in the last fiscal year, assuring that it had stayed well within the Fiscal Responsibility and Budget Management (FRBM) limits.During the Question Hour in the state...

New Delhi, March 4 The securities regulator, Sebi, on Wednesday eased the compliance reporting framework for Alternative Investment Funds (AIFs) by introducing an annual reporting system and reducing the scope of quarterly filings, in an effort to improve ease of doing business.Under the...

Mumbai, March 4 The Reserve Bank of India (RBI) announced on Wednesday that it will conduct a switch auction of government securities worth Rs 20,000 crore on March 9.The auction will take place between 10:30 AM and 11:30 AM. The results of the auction will be announced on the same day, and...

New Delhi, February 27 The Municipal Corporation of Delhi has recovered ₹11.69 crore in outstanding property tax from a firm that owns a private hotel in Paschim Vihar, a suburb of west Delhi.The civic body stated that the property was undergoing liquidation proceedings, and the owner had...