Total pending Customs arrears, including amounts under litigation, court stays and cases where the appeal period has not expired, stood at about Rs 1.36 trillion at the end of December 2024.
The new income tax returns (ITR) form based on the I-T Act, 2025, will be notified prior to 2027-28 fiscal year, Minister of State for Finance Pankaj Chaudhary said on Monday. The CBDT committee on simplification of ITR forms is carrying out extensive consultations with tax experts, institutional bodies, and field formations of the I-T Department, he said in a written reply in the Lok Sabha.
A host of macroeconomic data announcements, global trends and trading activity of foreign investors would dictate investors' sentiment in the stock market this week, analysts said. Besides, auto sales data will be closely tracked, experts noted.
India is growing fast, but to keep growing strong, the government must make more things at home, create jobs, and spend money wisely, suggests Rajiv Memani, regional managing partner, Africa-India Region, EY.
Delhi's air quality deteriorated to the 'severe' category, prompting the implementation of Stage-IV GRAP measures and hybrid classes for schools.
'Neither SAI nor state departments have a dedicated sports administration service. Instead, roles are filled by generalist civil servants or contractual staff, often lacking sector-specific expertise.'
India's third-largest telecom operator Vodafone Idea (Vi) has secured a 10-year breather on adjusted gross revenue (AGR) payments from the Department of Telecommunications (DoT). This is expected to ease pressure on its balance sheet and enable the company to raise bank debt for capital expenditure.
Justice Surya Kant is set to become the 53rd Chief Justice of India, bringing extensive experience and a record of significant verdicts on key issues.
In terms of MLA salaries, Odisha is followed by Telangana (about Rs 2.7 lakh), Maharashtra (Rs 2.6 lakh), Manipur (Rs 2.5 lakh), and Uttar Pradesh (Rs 2.4 lakh).
Officials said the government is keen to conform to the convention of the Union Budget for 2026-2027 being presented on February 1 despite it falling on a Sunday in 2026.
A 20-year-old college student in Odisha is in critical condition after setting herself on fire to protest alleged sexual harassment. Doctors have started dialysis, and the Chief Minister has visited the hospital.
Nine people remain missing following the explosion at the Sigachi Industries' pharma plant in Pashamylaram, Telangana, which claimed 38 lives. An expert committee is investigating the cause of the blast.
The Rajasthan government has suspended the state drug controller and halted the distribution of medicines manufactured by Kaysons Pharma following reports of children's deaths allegedly linked to contaminated cough syrup.
Congress president Mallikarjun Kharge on Saturday accused the government of misleading the nation on the India-Pakistan conflict and demanded holding a special session of Parliament immediately, following Chief of Defence Staff General Anil Chauhan's acknowledgement of aircraft loss in the hostilities.
The monk claimed that since the closure of the feeding area, the pigeon population has drastically declined.
It's been well over two decades but missing an Olympic medal after coming reasonably close to it rankles Mohammed Riaz to this date even though some of his regret has eased after seeing the national team claim podium finishes in the mega-event's last two editions.
The national selectors brought back wicketkeeper-batter Kishan along with Rinku Singh while dropping Test and ODI captain Shubman Gill who has been struggling in the T20 format.
Security has been tightened around former Bangladesh prime minister Khaleda Zia as a medical team from China arrived to assist in her treatment. Zia is in critical condition at a private hospital in Dhaka, suffering from heart and lung infections.
The views came in the wake of Vice President Jagdeep Dhankhar wondering on Friday that how could the CJI, even by "statutory prescription", get involved in executive appointments such as that of Central Bureau of Investigation director, and said it was time to "revisit" such norms.
Legal experts have lauded Chief Justice of India Sanjiv Khanna's decision to make public crucial documents related to a controversy surrounding the alleged discovery of cash from Delhi High Court judge Yashwant Varma's residence. They also welcomed the formation of an in-house committee to further investigate the matter. While some expressed concerns about the incident's impact on the judiciary's image, others emphasized the need for transparency and a fair inquiry. The Supreme Court released the inquiry report by Delhi High Court Chief Justice D K Upadhyaya, which included photos and videos of the alleged cash discovery. Justice Varma has denied the allegations, calling them a "conspiracy to frame and malign him."
'Most pollution boards across the country have unused funds. There is practically no reason why pollution should not be a political priority.'
The Supreme Court on Friday asked the Law Commission to consider a plea as a representation of a Buddhist group that certain sets of personal Hindu laws, which are applicable to Buddhists also, are against their fundamental rights, including freedom to practice religion.
Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies with 25 per cent or more shareholding, under the new Income Tax Act. This may possibly help some companies planning to go public, according to a source.
The Congress on Wednesday asserted that the only way to comprehensively investigate the Adani issue is through a Joint Parliamentary Committee (JPC) and claimed that the Supreme Court-appointed expert committee would be a 'clean chit' panel for the government.
It also aims to reduce the powers of the Supreme Court, with some authorities shifted to the proposed Constitutional Court, and immunity to the president from criminal proceedings for life.
Ahead of the Reserve Bank of India's (RBI's) monetary policy review in the first week of December, major public sector non-banking financial companies (NBFCs) - the National Bank for Agriculture and Rural Development (Nabard), Small Industries Development Bank of India (Sidbi), Power Finance Corporation (PFC), and Indian Railway Finance Corporation (IRFC) - plan to raise up to Rs 24,000 crore together through bond issuancesk.
Assam Chief Minister Himanta Biswa Sarma said in the assembly on Tuesday that singer Zubeen Garg's death while swimming in the sea in Singapore is a case of 'plain and simple murder'.
'IndiGo is fooling the country and the government has succumbed to it.'
He will hold the office till February 9, 2027.
Father of deceased pilot and Federation of Indian Pilots petition Supreme Court for a court-monitored inquiry into the Air India flight AI171 crash in Ahmedabad.
IBBI removes sale of company as going concern in liquidation; now only asset sales allowed, shifting focus strictly to terminal liquidation process.
The Supreme Court questions the government's reluctance to consider lethal injection as an alternative to hanging for death row convicts, highlighting the need for evolution in execution methods.
In a big boost to tycoon Gautam Adani, markets regulator Sebi on Thursday cleared the billionaire and his group of stock manipulation allegations made by US short-seller Hindenburg Research, saying fund transfer between group companies did not fall foul of any regulation.
The new rules allow for a staggered implementation road map, giving companies, data fiduciaries, data principals, and other stakeholders up to 18 months to comply with the administrative guidelines under the DPDP Act.
Trai has ordered BFSI firms to move service and transaction calls to the 1600 series from 2026 to reduce spam, financial fraud, and rising digital arrest scams.
Justice Surya Kant has been appointed as the 53rd Chief Justice of India, succeeding Justice Bhushan R Gavai. He will assume office on November 24 and serve until February 9, 2027.
India has strongly rejected a UN expert's report claiming that Myanmar refugees in India faced pressure after the Pahalgam terror attack, calling the analysis biased and unfounded.
'The directives to enhance last-mile funding, consider revival funds, and systemic reforms across the sector are expected to revive stalled projects, improve accountability, and accelerate the delivery of affordable and mid-income housing.'
India's market regulator is moving ahead to include real estate investment trusts (Reits) in benchmark indices in a phased manner, Sebi chief Tuhin Kanta Pandey said, while asserting that the regulator was working to strengthen the link between infrastructure building and the markets.
The Karnataka government will conduct a new 'Social and Educational survey', popularly known as 'caste census', in the state for 15 days, from September 22 to October 7. The survey aims to eliminate caste discrimination and gather data on financial status and land ownership.
