financial year

The Asian Development Bank (ADB) has revised India's growth forecast for the current financial year to 6.9 percent from 6.5 percent. According to the ADB's Asian Development Outlook, India's growth is expected to remain strong this fiscal year, driven by strong domestic demand, improved...

Nearly 3.98 crore passengers travelled on Vande Bharat Express trains during the 2025-26 financial year, representing a significant increase in passenger usage on the network. This reflects a year-on-year growth of almost 34% compared to the 2.97 crore passengers who travelled in the 2024-25...

New Delhi, April 10 The Income Tax Department disposed of 2.22 lakh appeals during the last financial year, a nearly 29 per cent increase compared to the previous fiscal, as part of its efforts to reduce disputes with taxpayers, according to official data.Officials told

Major ports in the country recorded 915 million tonnes of cargo in the 2025-26 financial year, exceeding the annual target by over 7 percent. In a statement, the Ministry of Ports, Shipping and Waterways said this achievement reaffirms the sector's strong recovery, enhanced efficiency, and...

New Delhi, April 5 State-owned India Infrastructure Finance Company Ltd (IIFCL) aims to double its investment in Infrastructure Investment Trusts (InvITs) to ₹6,000 crore during the current fiscal year as part of its investment diversification strategy.IIFCL currently has investments of ₹3,000...

Hyderabad, April 4 Indian pharmaceutical exports reached nearly USD 29 billion by February of this financial year, registering a growth of five percent compared to the same period last year, a top official said on Saturday.K Raja Bhanu, Director General of the Pharmaceuticals Export Promotion...

New Delhi, April 2 State-owned CIL subsidiaries Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL), Western Coalfields Ltd (WCL), and Mahanadi Coalfields Ltd (MCL) reported a decline in coal production in the recently concluded 2025-26 financial year.This decline in production comes...

Patna, April 1 Bihar Deputy Chief Minister Vijay Kumar Sinha said on Wednesday that the state's Mines and Geology Department recorded revenue of Rs 3,592 crore in the 2025-26 financial year.The revenue figure was 93 per cent of the annual target of Rs 3,850 crore, the department said in a...

New Delhi, April 1 As many as 1.9 crore digital life certificates were generated by pensioners in the last financial year, the Lok Sabha was informed on Wednesday.All pensioners are required to submit a life certificate to continue receiving pension payments.To address the difficulties faced...

Indore, Apr 1 The retail prices of milk in many parts of Madhya Pradesh have increased by Rs 2 to Rs 4 per litre from Wednesday, the first day of the new financial year, due to the rising cost of animal feed during the summer, a top official of a milk vendors' organization said.Speaking to

The total gross Goods and Services Tax (GST) collections grew by 8.8 per cent to over two lakh crore rupees in March this year, compared to the same month last year. The total gross GST revenue in March 2025 was over one lakh 83 thousand crore rupees.According to the Ministry of Finance, the...

April 1, New Delhi: With the start of the new financial year today, a set of other key reforms has come into effect. Starting April 1, all digital payment transactions in India are required to meet the norms of two-factor authentication (2FA), as directed by the Reserve Bank of India.Under the...

The Jammu division of Northern Railway generated approximately ₹62 lakh in revenue during March, the final month of the 2025-26 financial year, through its most extensive campaign against unauthorized travel and irregularities. Akashvani Jammu correspondent reports that around 11,000 offenders...

With the start of the new financial year today, a set of reforms, including key changes to financial regulations, will come into effect.The Income Tax Act, which has been in place for over six decades, will be replaced by the new Income Tax Act, 2025, starting today. This is designed to...

New Delhi, March 31 The Municipal Corporation of Delhi has extended the deadline for the Property Tax Amnesty Scheme 2025-26 to April 30, the Delhi Mayor said on Tuesday.Announcing the extension, Mayor Raja Iqbal Singh said the decision was made in response to positive feedback from citizens...

New Delhi, March 31 The government has notified the Finance Act 2026, paving the way for changes in tax provisions.This Act implements the financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said."The...

Mumbai, March 31 Non-banking Financial Companies (NBFCs) continued to drive activity in the commercial paper (CP) market in March, even as corporations became cautious due to elevated short-term borrowing costs, a report by India Ratings and Research (Ind-Ra) said.The rating agency expects the...

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...