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Economy

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Stay updated on direct tax and indirect tax, income tax returns, GDP, government policies and schemes, and breaking news on due dates and extensions.

RBI

NRIs and OCIs don’t need to take RBI approval to buy or sell immovable property in India

The Reserve Bank of India clarifies that Non-Resident Indians (NRIs) and Overseas…

45th GST Council Meeting: GST on Textiles Rolled Back to 5%

The 46th GST Council meeting held in New Delhi was chaired by…
  • AJ
  • Posted on

Reduced Performance Security Benefit for Government Contracts Extended Till March 2023

The Centre extends the benefit concerning the reduced performance security of 3%…
  • Bhavana PN
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Corporate Houses Can Now Have 15% Stake in Banks Via Their NFBCs

The Reserve Bank of India (RBI) permits non-promoters to have up to…
  • Bhavana PN
  • Posted on

Union Bank of India Opens Dedicated MSME Branches

On Thursday, the public sector lender Union Bank of India opened redesigned…

Online Merchants Might Face Upto 40% Losses With Card Storage Norms

Online merchants may lose revenue of up to 20% to 40% after…
  • Bhavana PN
  • Posted on

CBIC amends law to curb under-reporting of sales in GSTR-3B

The CBIC added the following explanation to Section 75(12) w.e.f. 1st January…
  • AJ
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Government Puts in Place Measures to Boost Investment Inflows in the Fintech Sector

The Ministry of Commerce and Industry released a statement on Wednesday stating…

Revision of GST rates on textiles goes to the Council for its reconsideration

Many textile businesses have raised concerns about the recent GST rate hike…

Cabinet Approves Rs.76,000 Crore Incentive Scheme for Semiconductors

On Wednesday, the Union Cabinet approved an Rs.76,000 crore programme for boosting…