Amid the Budget preparation, the revenue department is assessing the feasibility of further adjustments to maximise benefits for salaried individuals.
'Any finality in such matters requires political views. We will review it closer to the full Budget.'
The Goods and Services Tax (GST) Council, scheduled to meet on June 22, could take a call on ending uncertainty on taxing foreign airlines and shippers as regards certain services, a senior official in the know told Business Standard. He said the Council was expected to decide on exempting the services in question from GST - aircraft lease rentals, maintenance, crew salaries, etc. These services are provided by foreign airlines to their Indian operations.
Fresh plans of privatisation or divestment in central public sector enterprises and public sector banks might take a back seat this financial year because these may require a large consensus among coalition partners.
The Central Board of Indirect Taxes and Customs (CBIC) has stepped up its watch on the import of unbranded gold jewellery amid a spurt in seizures on international borders and from importers. During FY24, the CBIC and Directorate of Revenue Intelligence (DRI) jointly seized about 5 tonnes of gold, 30 per cent more than what they did in FY23. In FY23, 3.5 tonnes of gold was confiscated.
This negated the gain of more than a dozen seats in Odisha, Madhya Pradesh and Kerala.
The fitment committee under the Goods and Services Tax (GST) Council, comprising central and state officials, has begun a rate rationalisation exercise afresh, checking the possibility of dropping some of the rates, particularly the 12 per cent slab, to achieve a revenue-neutral structure, a senior official with direct knowledge of the matter
If the decline reflects a loss of faith in the democratic process, even a well-executed social media nudge may not help.
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
Moveable assets accounted for 46 per cent of the wealth of the 10 richest candidates in the first phase of the 2024 elections.
The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
Key individual parties have cornered a larger share, with some favouring regional and others national players.
The share of candidates who were successful among the BJP was 56.5% in 2019. It was 5% for the Congress.
Mumbai accounts for the largest share of electoral bonds sold since inception.
96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.
A quarter of the stocks have been replaced since 2019, marking the evolution of India's economy.
If Indian companies were people, around 20 per cent of the listed space would be individuals whose salaries don't cover their loan instalments.
Many individuals filing tax returns declare zero tax liability. They accounted for two-thirds of the total individual returns filed.
Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
Manufacturing's share in the profit pool of companies had declined before the pandemic.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances