Companies may foot less of the tax bill for some time yet. The corporate share of net direct tax collections has been lower in 2024-25 than in previous years. The corporate segment accounted for 45.6 per cent of total net direct tax collections as of March 16, compared to 48.1 per cent on the same date in 2023-24 (FY24).
Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.
'My job is to provide people with a bouquet of options they can choose from.'
The fast-track court of the civil judge (senior division) has posted the matter to April 17 for further hearing.
A police officer and his eight siblings, including five sisters, were deported to Pakistan on Wednesday despite a court order granting them temporary relief. The nine members of the extended family, who have been living in Jammu and Kashmir for generations, were among more than two dozen people, mostly from Pakistan-occupied Kashmir (PoK), who were served deportation notices following the April 22 Pahalgam terror attack. The deportation has sparked outrage, with protests and appeals for intervention from the home minister and lieutenant governor. The family members claim they are not Pakistani nationals and have been living in the region for generations, presenting revenue records to support their claims. The court has ordered a detailed report on the case within two weeks and will hear it again on May 20.
'Such unpredictability is motivating families to seek destinations with a more stable educational system.'
An 18-year-old Nepalese student of the Kalinga Institute of Industrial Technology (KIIT) in Odisha's Bhubaneswar was found hanging from the ceiling fan of her hostel room on Thursday, police said.
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.
This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.
In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.
Google is likely to rejig the roles of some of the engineering talent from its Hyderabad and Bengaluru offices and move some of its employees to more revenue-generating projects instead of letting them go for now, sources told Business Standard.
A wedding held at a 200-year-old temple in Madhya Pradesh's Indore has kicked up a row, prompting the authorities to order a probe into the matter, officials said on Monday.
India's economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said.
Shruti, who lost her entire family in the Wayanad landslide disaster and later her fianc in a road accident, began a new chapter of hope by joining government service. The state cabinet had recently decided to provide a government job to the young woman, who had endured back-to-back tragedies. She joined the Revenue Department as a clerk in the mountainous district, expressing gratitude to the government for its support during her difficult times.
The newly-formed Delhi Cabinet in its first meeting approved the implementation of the Ayushman Bharat health insurance scheme in the national capital. The cabinet also decided to present 14 pending CAG reports in the first session of the assembly. Delhi Chief Minister Rekha Gupta said that the previous AAP government did not allow the health scheme in the city, preventing the people from availing its benefits.
Houses in low lying areas of Kerala were flooded in the heavy rains, while the accompanying strong winds uprooted trees, damaged homes and caused power disruptions, throwing normal way of life into disarray across the state.
Atishi along with Saurabh Bharadwaj was inducted into the cabinet following the resignation of Manish Sisodia and Satyendar Jain after their arrest.
As RBI governor, Sanjay Malhotra will have to give the highest priority to the interest of the economy while deciding on the growth-inflation trade off at Mint Street.
Roads, railways, and coal together are likely to account for 70 per cent of the government's takings from the upcoming second edition of the National Monetisation Pipeline (NMP), set to run from FY26 to FY30. In comparison, these three sectors are estimated to have contributed 66 per cent in the first edition of the NMP - FY22 to FY25.
'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'
The cabinet expansion of the Devendra Fadnavis-led Maharashtra government is likely to take place by December 14, a senior Bharatiya Janata Party leader said on Wednesday.
Jharkhand Chief Minister Hemant Soren has distributed portfolios among the new ministers, keeping key departments such as Home, Personnel, and several others to himself. The Congress' Radhakrishna Kishore was given Finance, Commercial Tax, Planning and Development Department, and Parliamentary Affairs departments. JMM's Deepak Biruwa was allotted the departments of Revenue, Registration and Land Reforms (non-registration), and Transport. Chamra Linda, another JMM leader, was allotted the departments of Schedule Tribes, Scheduled Castes, Backward Classes (except Minority Welfare). RJD's Sanjay Prasad Yadav was given the departments of Industries, and Labour, Planning, Training and Skill Development. The Congress' Irfan Ansari got Health, Medical Education and Family Welfare, besides Food, Public Distribution and Consumer Affairs, and Disaster Management departments. The chief minister also kept to himself the departments of Cabinet Secretariat, Personnel, Administrative Reforms and Official Language, Road Construction, Building Construction, and those departments yet to be distributed to anyone. Among the other ministers, JMM's Ramdas Soren was given the School Education and Literacy, and Registration departments. Party colleague Hafizul Hasan was allotted the departments of Water Resources, and Minority Welfare Department. Panchayati Raj, Rural Works, and Rural Development departments were given to Congress MLA Deepika Pandey Singh. The CM gave Drinking Water and Sanitation, and Excise and Prohibition departments to JMM's Yogendra Prasad. JMM legislator Sudhivya Kumar became the minister for Urban Development and Housing, Higher and Technical Education, and Tourism, Art Culture, Sports and Youth Affairs departments. Shilpi Neha Tirkey of the Congress was allotted Agriculture, Animal Husbandry and Cooperative Department. A total of 11 MLAs took oath as ministers in the Hemant Soren government in Jharkhand on Thursday.
So far, over 30 people have died across Northeastern states due to heavy rainfalls, floods and landslides, according to media reports.
The government has set up an inter-ministerial group to monitor a possible surge in imports from countries like China, Vietnam and Thailand, fearing a surge in inbound shipments following the imposition of high reciprocal tariffs by the US on these countries, sources said. The product categories that may see an upsurge in diversion of imports from the US to India include consumer goods, electronics, chemicals and steel.
The government may save over Rs 70,000 crore (Rs 700 billion) on capital and revenue expenditure allocated towards new schemes in the FY25 Budget that are yet to be implemented.
JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.
Apple will source the majority of the iPhone sold in the US from India in the June quarter while China will produce the vast majority of the devices for other markets amid uncertainty over tax tariffs, a top official said on Friday.
India's biggest telecom players, Bharti Airtel and Reliance Industries-backed Jio Platforms, will soon bring billionaire Elon Musk-led SpaceX's Starlink satellite services to India. According to analysts, the move could boost India's tele density, especially in the rural areas, and may be an opportunity for investors to add the two stocks on dips for long-term gains
Many states are realising that hosting mega events puts the spotlight on them and raises their profile.
India on Monday imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories, including hot rolled coils, sheets and plates, to protect domestic players from surge in imports. The decision follows a recommendation for the same by the Commerce Ministry's investigation arm DGTR. Last month, the DGTR suggested to impose the duty.
A day after his appointment as the 26th governor of the Reserve Bank of India (RBI), outgoing Revenue Secretary Sanjay Malhotra on Tuesday said one must understand the economic landscape and do what was best for the economy. "Let me first go, join, understand the turf ... Here it is a different role," Malhotra said, speaking to reporters in front of North Block.
Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.
Karnataka Chief Minister Siddaramaiah directed officials on Saturday to immediately retract all notices sent to farmers regarding Waqf land.
A pack of stray dogs in Bahraich, Uttar Pradesh, has killed a 12-year-old girl and injured 14 people in the past 10 days. The situation has escalated to the point where the administration is advising residents to carry sticks when venturing out in the evening and urging parents not to allow children to go outside alone. The administration is conducting awareness campaigns and a sterilization drive to control the stray dog population. Authorities have also emphasized proper waste management to prevent strays from scavenging for food.
The Sambhal district administration has restored possession of land to three Hindu families who had fled the area during riots in the district in 1978, officials said.
The Tirumala Tirupati Devasthanams (TTD), the custodian of Lord Venkateswara Swamy temple, has barred 18 employees from participating in all religious activities for allegedly partaking in non-Hindu activities. The decision has been defended by the Andhra Pradesh government, citing the need to protect the religious sentiments of Hindu devotees. The move has sparked debate, with some supporting the TTD's stance and others criticizing it as discriminatory.
The 18 companies sanctioned include Marshall Islands-registered Changtai Shipping and Motionavigations Limited and UAE-based Indo Gulf Ship Management.
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.
The state government has directed a joint assessment of crop loss due to the cyclone by officials of the agriculture and revenue departments, he said.
Nearly two million postcards and eight million letters pass through India's post offices daily.
