IndusInd Bank on Tuesday said global rating agency Moody's has placed the bank's baseline credit assessment (BCA) under review for a possible downgrade. The rating review comes days after IndusInd Bank disclosed a Rs 2,100 crore discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth.
The BJP received the highest amount in large donations among national parties in the financial year 2023-24, with over Rs 2,243 crore declared from 8,358 donations, according to a report by poll rights body the Association for Democratic Reforms (ADR). The report, based on data submitted to the Election Commission, highlighted trends in political donations above Rs 20,000. The total declared donations to national parties stood at Rs 2,544.28 crore from 12,547 contributions - a sharp 199 per cent increase compared to the previous year.
The biographical drama is caught up in controversy after some Sikh organisations including the Shiromani Akali Dal objected, accusing it of misrepresenting the community and getting historical facts wrong.
The Income Tax department on Monday invited public inputs for review of the six-decade old I-T Act with regard to simplification of language, litigation reduction, compliance reduction, and obsolete provisions. Pursuant to the Budget announcement by Finance Minister Nirmala Sitharaman for a comprehensive review of the Income-tax Act, 1961, the Central Board of Direct Taxes (CBDT) had set up an internal committee to oversee the review and make the Act concise, clear, and easy to understand, which will reduce disputes, litigation, and provide greater tax certainty to taxpayers.
The Calcutta High Court has directed the Central Bureau of Investigation (CBI) to submit the case diary initially prepared by the Kolkata Police in connection with the rape-murder of an on-duty doctor at RG Kar Medical College and Hospital. The court also instructed the CBI to present a list of individuals interviewed in the case at the next hearing scheduled for April 23. The CBI has been investigating the incident since August 13, 2024, when the case was transferred from Kolkata Police. The court noted inconsistencies between the inquest and post-mortem reports, with two injury marks mentioned in the inquest report but absent in the post-mortem report. The CBI is currently investigating whether there was a larger conspiracy behind the crime and if there had been any attempt to destroy evidence.
'If our Budget allows, we may implement both measures -- making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.'
The Punjab Assembly on Monday unanimously passed a resolution to not release any water from its share to Haryana, citing the state's water scarcity. The resolution also demanded the reorganization of the Bhakra Beas Management Board (BBMB) and the repeal of the Dam Safety Act of 2021. The decision comes amid a stand-off between the two states over the distribution of water from the Bhakra dam. The resolution was moved by Punjab's Water Resources Minister Barinder Kumar Goyal, who accused the BJP of trying to take away Punjab's water rights. The resolution was supported by all parties, including the opposition, which termed the Dam Safety Act of 2021 as an "attack" on the rights of Punjab. The resolution also criticized the BBMB, calling it a "puppet" of the BJP-led central government. The Punjab government maintains that the state does not have surplus water to spare and needs it for the upcoming paddy sowing season. The resolution has triggered strong reactions from the BJP, which has accused the Punjab government of politicising the issue.
The Income Tax department on Friday said it has notified I-T return forms 2, 3 and 5 for filing tax returns for assessment year 2024-25. The ITR-1, which is filed by individuals having a total income of up to Rs 50 lakh, and ITR-6 for companies were notified earlier in December 2023, and January 2024, respectively.
The rain and flood situation in northeastern states remained grim on Tuesday, with lakhs people affected in Assam, Mizoram and Manipur, even as the meteorological department predicted more rain in several parts of the region.
The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their Income Tax Return (ITR) for assessment year (AY) 2024-25.
India captain Rohit Sharma including mainstays Virat Kohli, Jasprit Bumrah and Ravindra Jadeja have placed in the highest category of BCCI central contracts.
Virat Kohli will miss Delhi's upcoming Ranji Trophy match against Saurashtra due to persistent neck stiffness.
The Congress had moved the poll panel claiming a mismatch in actual and declared assets in the affidavit filed by Chandrasekhar, who is in the fray against former UN diplomat Shashi Tharoor.
Non-banking entities such as fintech firms will have to tap into use cases beyond peer-to-peer (P2P) and peer-to-merchant (P2M) transactions to scale up the presence of the retail version of the central bank digital currency (CBDC), which is also known as the e, said industry players. These use cases will enable programmable transactions across domains, including the government's direct benefit transfer (DBT) schemes, with subsidies restricted to specific purposes such as food coupons, hospital bills, fertilisers, pesticides, and cross-border remittances.
The CBSE announcement came following a directive from the Human Resource Development ministry saying exams are important but safety and security of students and teachers is equally important.
'As they assaulted me, they kept shouting, "So, you rascal, you speak against officers? Against ministers?" -- and each accusation was accompanied by more blows. 'Seeing that I could not get up, they began stamping on me with their feet and continued until they were exhausted.' Pinarayi Vijayan -- now Kerala's chief minister -- was imprisoned during the Emergency. This is his account of what the police torture he suffered in jail. A revealing excerpt from Goa Governor P S Sreedharan Pillai's Democracy Enchained, Nation Disgraced: Dark Days Of India's Emergency. The first of a series to mark 50 years of the Emergency.
The first round of trial incineration of 10 tonnes of waste connected to the 1984 Bhopal Gas Tragedy has begun in Pithampur, Madhya Pradesh, amid tight security. The Supreme Court refused to intervene in the MP High Court's order directing the transfer and disposal of waste at a private company-operated plant in Pithampur. The trial incineration is being conducted in the presence of scientists from the central and state pollution control boards. Protesters have expressed apprehensions about harm to the human population and environment due to the disposal of this waste, but the state government has rejected these concerns, saying that solid arrangements are in place for safe disposal.
'Our culture and faith is glorious, intricate and nuanced. And we have to be careful that it does not get defined by trivia which takes the focus away from the real and the true.'
The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.
The income tax department has allowed tax officials to either waive or reduce interest payable by a taxpayer, subject to specified conditions. Under the Income Tax Act Section 220 (2A), if a taxpayer fails to pay the tax amount specified in any demand notice, he/she is liable to pay interest at 1 per cent per month for the period of delay in making the payment. The Act also empowers Principal Chief Commissioner (PrCCIT) or Chief Commissioner (CCIT) or Principal Commissioner (PrCIT) or Commissioner rank officers to reduce or waive the amount interest due to be paid.
The CBI has lodged an FIR against three persons and unidentified officials of the Central Board of Film Certification (CBFC) over the allegations of actor Vishal that he had to pay Rs 6.5 lakh to get a certificate for his film Mark Antony, officials said on Thursday.
The Bombay high court on Thursday said creative freedom and the freedom of expression cannot be curtailed and the censor board cannot refuse to certify a film just because there is an apprehension of a law and order problem.
A Mumbai court has ordered the mental examination of Chetansinh Chaudhary, a former RPF constable accused of shooting dead his senior colleague and three passengers on a train in July 2023. The court's decision comes after prison authorities reported that Chaudhary is suffering from a mental disorder. He will be lodged in Thane jail during his medical examination at the Thane mental hospital.
While the capital spending is being maintained at 3.1 per cent of the GDP, a little more would have boosted economic growth even further, suggests Rajiv Memani.
Kangana Ranaut's film Emergency didn't get any relief on Wednesday from the Bombay high court which refused to pass any order in the wake of a directive by the Madhya Pradesh HC directing Central Board of Film Certification (CBFC) to consider objections to the movie before certifying it.
The Supreme Court on Monday agreed to consider listing for urgent hearing the petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
The Supreme Court of India will likely hear a batch of petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025 on April 15. The Act, which came into force on April 8, has been met with widespread criticism from various stakeholders, including politicians, the All India Muslim Personal Law Board (AIMPLB), and Jamiat Ulama-i-Hind. They argue that the law is discriminatory and violates the fundamental rights guaranteed under Articles 25 and 26 of the Constitution. The petitions allege that the amendments give the government more control over the administration of Waqf, effectively sidelining the Muslim minority from managing their own religious endowments.
'In a world which is full of categories, hatred and ideologies, there was this basic decency.'
'Going forward, the encouragement would be to move to the new tax regime.'
The Indian government has stated that the water in the Ganga river at Triveni Sangam in Prayagraj was fit for bathing during the recently concluded Maha Kumbh, citing a new report from the Central Pollution Control Board (CPCB). The report, however, contradicts an earlier CPCB report that found high faecal coliform levels at several locations in Prayagraj during the Maha Kumbh. The government also highlighted measures taken to ensure water quality during the event, including the installation of sewage treatment plants and the use of advanced oxidation techniques to treat wastewater.
'Indira Gandhi was a very weak person,' Kangana claimed. 'She had many crutches around and was constantly seeking validation.'
A fresh plea has been filed in the Supreme Court challenging the constitutional validity of the Waqf (Amendment) Act, 2025, claiming it was a "blatant intrusion" into the rights of a religious denomination to manage its own affairs in the matter of religion. The plea, filed by Samastha Kerala Jamiathul Ulema, argues that the amendments would distort the religious character of Waqfs and irreversibly damage the democratic process in their administration. Several other petitions have been filed in the apex court challenging the validity of the bill, including those by Congress MP Mohammad Jawed, AIMIM president Asaduddin Owaisi, and AAP MLA Amanatullah Khan.
A three-judge Supreme Court bench will hear petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025, on April 16. The petitions, including those by politicians and the All India Muslim Personal Law Board (AIMPLB) and Jamiat Ulama-i-Hind, were filed in the top court challenging the validity of the newly-enacted law. The Centre has filed a caveat in the apex court, seeking a hearing before any order is passed.
Trump's tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in Andhra Pradesh's politically vital aquaculture sector.
Forty years after the Bhopal gas tragedy, 377 tons of hazardous waste has been shifted from the defunct Union Carbide factory for its disposal, an official said.
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
Pakistan Prime Minister Imran Khan on Wednesday said India will be benefitted economically by having peace with his country as it will enable New Delhi to directly access the resource-rich Central Asia region through Pakistani territory.
'We never waste a crisis. There will be learning and the supervisory tools will get better with each episode.'
As on April 1, income tax arrears have increased to Rs 43 trillion from Rs 24 trillion on April 1, 2023.
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