The finance ministry (FinMin) has asked Infosys to work on ways to extract and access taxpayers' real-time data faster and accurately as it is crucial for taking decisions on policy changes. While reviewing progress of the income tax portal 2.0, which had faced glitches, the officials also told the Infosys team to increase the scope of pre-filled data in the ITR forms. Senior officials in the ministry held a review meeting last month with the Infosys team and officials of the Central Processing Centre (CPC).
Finance Minister Nirmala Sitharaman is scheduled to address the post-budget meeting of the RBI's central board on Monday and highlight key points of the Union Budget 2022-23, including the fiscal consolidation roadmap and high capex plan. It has been a custom that the finance minister addresses the RBI board, consisting of RBI Governor and existing four deputy governors, after the Budget. The meeting has been scheduled for February 14 where she would be addressing the board members and talk about announcements made in the Budget to perk up growth hit by three waves of COVID-19, sources said.
'In some quarters it has been suggested that there will be an 'official candidate' backed by the leadership but on the contrary, it has been repeatedly stressed by Congress president Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra in my conversations with them over the last two weeks that the Nehru-Gandhi family welcomes these elections'
Messaging platform WhatsApp on Wednesday said it has rolled out a pilot program across 500 villages across Karnataka and Maharashtra, aimed at empowering villagers with access to digital payments through 'payments on WhatsApp'. The announcement was made at Fuel For India 2021 - Meta's annual event in India. WhatsApp India Head Abhijit Bose said the pilot aims to effect a behavioral transformation to digital payments at the grassroots.
Addressing a virtual Downing Street press conference, Boris Johnson acknowledged the divided views on lifting all lockdown restrictions to declare that his update does not imply that the pandemic "is over".
The Congress, however, said state chiefs are free to take their decisions within the party's norms and constitution.
The Congress must seriously introspect its losses: Finance and Defense Minister Arun jaitley in Parliament
The crucial meeting of the Sangh, which is an annual event, is being considered significant in the wake of assembly polls in the state.
'In a special gesture, UAE President and Ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan, accompanied by senior members of the Royal Family, was at Abu Dhabi airport for the interaction with PM'
Indian plants -- who plan to begin production with 28 nano metre chips -- will take two to four years to get off the ground. By that time, in the fast changing world of chip making, the global market would have shifted to 22 nm.
A call on whether to retain Mahendra Singh Doni for the next season of the IPL will be taken only after knowing the rules of the system, a top Chennai Super Kings official said on Sunday.
President Droupadi Murmu administered him the oath at a brief ceremony held at the Rashtrapati Bhavan.
Prime Minister Narendra Modi, US President Joe Biden, Australian Prime Minister Scott Morrison and Japanese PM Yoshihide Suga are expected to deliberate extensively to give a new momentum to the functioning of the Quad at the summit, diplomatic sources said.
After the finance minister directed public sector banks to join the account aggregator (AA) ecosystem, 5-6 major ones, including State Bank of India (SBI) and Bank of Baroda are expected to go live by July-end. Sahmati, an industry alliance for the AA ecosystem, has been working with PSU banks to get them onboarded for quite some time now. So far, Union Bank of India and Punjab National Bank (PNB) have gone live on the AA ecosystem. While Union Bank has been live for a while, PNB went live earlier this month.
The CDS has the option to focus on key areas of capability development to fight new generation wars or get bogged down in trying to bring cosmetic changes to humour the political leadership, asserts Brigadier Narender Kumar (retd).
His remarks came on a day when Chief Minister Charanjit Singh Channi announced slashing of the power tariff by Rs 3 per unit for the domestic sector and increasing the dearness allowance for government employees.
Opener Rohit Sharma has demonstrated his leadership qualities in the Indian Premier League (IPL) and is an obvious choice to succeed Virat Kohli as India's Twenty20 captain, according to several former players.
Congress leader Rahul Gandhi has written an open letter to farmers, congratulating them on their 'historic victory' after the Centre announced its decision to repeal three contentious farm laws, and assured them of his party's support in their future struggles.
'It is not something that is going to unfold in the next few weeks or even the next few months.' 'This process will continue for some time. And that's how it should be.' 'If the politicians are coming on board, then that is a welcome step.'
The Tamil Nadu government will constitute an 'economic advisory council' to the chief minister comprising Nobel laureates, former Reserve Bank of India governor and other economic experts from around the globe to advise the state on how to reverse the economic slowdown.
This weekend's FA Cup final is expected to have 21,000 fans present.
The government has developed an asset monetisation dashboard for monitoring real-time progress of its ambitious Rs 2.5 trillion-plus pipeline, and providing visibility to investors. The portal has been prepared as the government tries to provide a one-stop shop to investors keen on taking over assets of government departments and ministries.
Fitch Ratings on Monday cautioned that the Indian government has little fiscal headroom at its disposal to respond to possible shocks to growth given the country's lowest investment grade credit rating with a negative outlook. "India's public debt/GDP ratio, at about 87 per cent in FY21, is well above the median of around 60% for 'BBB' rated sovereigns. "We revised the Outlook on India's rating to Negative, from Stable, in June 2020, partly owing to our assumptions about the impact of the pandemic on public finance metrics. "The government has little fiscal headroom at its current rating level to respond to possible shocks to growth," it said in a report.
Taking lessons from that, I would think seamless digital payments is something you have to clearly have a roadmap for, the FM said.
The government is helping vaccine manufacturers get more production units, financing and supply of raw materials, the Prime Minister's Officer said on Friday after Prime Minister Narendra Modi reviewed the progress of the country's COVID-19 vaccination drive.
Air India sale will give a boost to India's privatisation drive, the Economic Survey said on Monday, as it suggested redefining the public sector role in business enterprises to encourage private participation in all sectors. The government earlier this month handed over ownership rights in national carrier Air India to Tata Group for Rs 18,000 crore. The amount includes the takeover of the debt burden of Rs 15,300 crore and another Rs 2,700 crore in cash.
The government has utilised 'escape clause' under the FRBM Act which provides it leeway for relaxation of fiscal deficit roadmap during time of stress.
The Asian Football Confederation recommended the AIFF to "open a pathway" for two I-League clubs' entry into ISL by the end of 2020-21 season.
Unveiling his party's "Punjab model" ahead of assembly polls, Aam Aadmi Party's national convener Arvind Kejriwal on Wednesday promised justice in sacrilege cases, jobs to youth, corruption-free governance, and asserted that people want to bring his party to power to break the friendly "partnership" between the Badals and the Congress.
BCCI president Sourav Ganguly and secretary Jay Shah on Thursday met captain Virat Kohli and Rohit Sharma on the sidelines of the selection committee meeting, to discuss a "roadmap" for Indian cricket.
IL&FS group would resolve debt of Rs 55,000 crore by March 2022, the board of the crisis-hit company has stated in its affidavit filed before the National Company Law Appellate Tribunal (NCLAT). While updating the progress of the resolution progress, the IL&FS board, led by Uday Kotak, said Rs 55,000 crore debt would be resolved through asset monetisation, restructuring and insolvency proceeding initiatives. Some of this has already been completed while the rest is at different stages of resolution, it said in a brief snapshot on the progress made in the ongoing resolution process till December 7, 2021, and suggested estimates of progress to be made by March 2022.
Prime Minister Narendra Modi on Sunday called for the setting up of a high-power police technology mission under the leadership of the Union home minister to adopt future technologies for grassroot policing requirements.
The World Archery on Friday wrote to the Indian Olympic Association, stating the Archery Association of India suspension might be lifted by the end of this month if a clear roadmap is established.
The two-wheeler sector has been underperforming its peers on the volumes front for over five quarters now. Even in the March quarter, Bajaj Auto and Hero MotoCorp posted a 17-24 per cent YoY decline in volumes, the sharpest in the listed auto universe. The ongoing impact of frequent price hikes, all-time high fuel prices, and muted rural sentiment has led to the lacklustre showing by two-wheeler makers. What has aggravated the situation for two-wheeler companies, which get almost all their sales from the internal combustion engine or ICE-based units, is the traction for electric two-wheelers (EV).
Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
Taking on his own party's government, Punjab Congress chief Navjot Singh Sidhu on Sunday asked people whether they were getting cable TV connection and sand at the cheap rates announced recently.
India are likely to rest most of their senior players during the T20I series against New Zealand at home, which starts less than a week after the final of the T20 World Cup next month.
The long-time former India teammates discussed their plans for the National Cricket Academy in Bengaluru.
A senior party leader on the condition of anonymity said the CWC meeting will be called next week although the agenda is to be worked out and finalised.
Asserting that sovereignty and territorial integrity of China are "sacred and inviolable", the country's national legislature has adopted a new law on the protection and exploitation of the land border areas, which could have bearing on Beijing's border dispute with India.
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