About 1.2 trillion tax evasion cases have been detected and as many as 59,000 entities identified for verification in order to ascertain whether they are fake.
Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks. During deliberations on the deposit mobilisation, she said that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably, and asked banks to make concerted efforts to garner deposits by conducting special drives.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Carlos Alcaraz will be backed to extend his winning run at the Grand Slams to 16 matches following triumphant French Open and Wimbledon campaigns.
As on April 1, income tax arrears have increased to Rs 43 trillion from Rs 24 trillion on April 1, 2023.
'In India, managers and the leadership almost glorify overworking.'
There is a definite attempt to put the landslides on the backburner because news of them and climate change worry Wayanad's tourism and real estate businesses greatly. Whatever I experienced of Wayanad's 2024 by-elections; the July landslides were not a burning issue, observes Shyam G Menon.
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Polling station officials had to refuse Johnson's attempt to vote in South Oxfordshire on Thursday when he arrived without the necessary photo ID, CNN reported, citing PA media.
'Though one cannot paint the entire microcap basket with the same brush, investors need to be careful now as to what they're buying.'
If you disagree with the notice, be ready to explain.
2021 World T20 champions Australia will be mindful of the dangers of taking Bangladesh lightly.
To locate genuine investors who may have deposited money with Sahara, the regulator also wants to issue public notices in regional language newspapers.
Amid much fanfare, the makers and star cast of Ishq Vishk Rebound unveiled the trailer for their coming teen romance.
A list of 10 rising outsiders from whom wonders can be expected in the years to come.
To enhance transparency and verifiability in the poll process, the Conduct of Election Rules, 1961 were amended in 2013 to introduce the use of VVPAT machines. They were first used in the by-election to the Noksen assembly seat in Nagaland.
'I would have become a big star 11 years ago if things had worked as per my plans.'
Pronouncing the judgement, Justice Khanna said the court has rejected all the petitions, including those seeking resorting back to ballot papers in elections.
'We are sure FY25 is going to be better...But to call out that all problems are behind us is a bit early.' 'The underlying business sentiment has not changed significantly.'
Private equity (PE) investments in India have fallen to a 6-year low at $24.2 billion in the financial year ending March 2024. Investments via PE deals are down 47 per cent compared to FY23, when private equity deals worth $45.8 billion were signed. According to data sourced from Bloomberg, PE firms had signed record deals worth $80 billion in the financial year ending March 2022.
Get ready to be wowed by the fashion on (and off) the courts at Roland Garros!
The Women's World Cup stopped to take a breath on Wednesday following an opening round of games that produced a little bit of everything.
In the first 100 days of the next government, the ministry of skill development and entrepreneurship (MSDE) is planning to introduce new-age courses to suit the changing industry needs. It is set to standardise skilling courses to facilitate easier migration of workers and introduce counselling and mentorship on the Skill India Digital Hub (SIDH) portal. On Sunday, Prime Minister Narendra Modi - during a Cabinet meeting - was reported to have instructed his ministers to draft roadmaps for the first 100 days and next five years of the next government.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Reserve Bank of India's (RBI's) decision to withdraw the incremental cash reserve ratio (I-CRR) is expected to benefit banks during the festival season. They are likely to increase deposit rates by up to 25 basis points (bps) in select maturity buckets. The rise in demand for funds to cover tax payments and meet quarter-end business targets could influence rate decisions by banks, according to bankers and money market executives.
The current instability in the world is a result of long term systemic and socio-politico problems, points out Colonel Anil A Athale (retd).
'Persisting with the inequalities, indeed seeing them get worse, is no one's prescription for national unity,' notes T N Ninan.
Attention to details is paramount when filing income-tax return (ITR). By mid-June, employees receive Form 16 from their employers. The first step in filing ITR is to compare Form 26AS with Form 16. If there are discrepancies in the figures quoted in the two documents, they need to be rectified.
YouTuber Prajakta Koli announced her engagement to boyfriend Vrishank Khanal.
Transactions were allegedly not reported correctly in the tax returns for FY20.
Last weekend seemed to be dedicated to awards for style and talent.
The company is in the process of filing an appeal against the order, Zomato said in a regulatory filing.
The Supreme Court on Tuesday deprecated criticism of electronic voting machines (EVMs) and calls for reverting to ballot papers, saying the electoral process in India is a "humongous task" and attempts should not be made to "bring down the system".
The Supreme Court said on Wednesday it cannot 'control the elections' or issue directions simply because doubts have been raised about the efficacy of Electronic Voting Machines (EVM), as it reserved its judgment on a clutch of petitions claiming the polling devices can be tinkered with to manipulate the results.
A change in electrification criterion in April 2017, with retrospective effect, helped the government add "already electrified 3,090 rkm" to its credit.
The judge noted that there is a long wait for adoption and there are many childless couples and parents with one child who would adopt a "normal child" but the chances of a specially-abled child being adopted are remote and the regulation therefore only aims to ensure that more and more children with special needs get adopted.
'I hold no grudges against any of them. I've moved on.'
The Reserve Bank on Friday retained the inflation forecast for 2023-24 at 5.4 per cent, and vowed to take timely measures to prevent any spillovers of global food and fuel price shocks. Stressing that the Reserve Bank has identified high inflation as a major risk to macroeconomic stability and sustainable growth, Governor Shaktikanta Das said the September retail inflation number may be lower than August and July prints. The headline inflation based on Consumer Price Index (CPI) moderated to 4.6 per cent in first quarter of 2023-24 as compared to 7.3 per cent in the same period a year ago.
Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.
'Clients deemed higher-risk are required to update their KYC more frequently.'
