The Income Tax Department has received more than six crore income tax returns (ITRs) for assessment year 2025-26, it said on Saturday.“Thank you taxpayers & tax professionals for helping us reach the milestone of 6 crore Income Tax Returns (ITRs) as of now and still counting,” the department posted on X.The deadline to file returns…
India’s push for self-reliance in manufacturing is beginning to show results, with several consumer-facing companies cutting back sharply on their dependence on imports. As per ET, a study of 20 listed firms in automobiles, electronics and FMCG found that foreign exchange outflows as a share of sales have dropped significantly between FY20 and FY25, mainly…
India plans to develop at least two public sector banks (PSBs) that can rank among the top 20 global lenders by assets as part of its long-term ‘Viksit Bharat 2047’ vision, a senior government official said during the ongoing PSB Manthan 2025, as per news agency PTI. Currently, only State Bank of India (SBI) and…
Representative image (Picture credit: ANI) Prices of daily essentials may ease further in the coming months as recent cuts in GST begin to reflect in actual numbers, Bank of Baroda (BoB) said in its latest report. According to news agency ANI, the bank projects retail inflation, measured by the Consumer Price Index (CPI), to average…
The Central Board of Indirect Taxes and Customs (CBIC) clarified that post-sale discounts offered by manufacturers to dealers, aimed purely at competitive pricing and driving sales, will not attract Goods and Services Tax (GST).In a circular, the board further explained that GST would, however, apply if such discounts are linked to specific promotional services carried…
China rolled out a two-year plan aimed at easing turbulence in its car industry, where aggressive price cuts and trade disputes have weighed heavily on growth.State news agency Xinhua said the programme, covering 2025 and 2026, was issued jointly by eight government departments. It places emphasis on “cost surveys and price monitoring” while urging carmakers…
China, the world’s largest consumer of gold, is planning to relax licensing norms for the export and import of the yellow metal, as the nation continues to steer away its reserves from the US dollar.According to a draft proposal from the People’s Bank of China (PBOC), the country plans to expand the use of “multi-use…
The Delhi government is set to launch the registration process for its Pink Card, a lifetime free bus travel pass for women, from mid-October, as a Bhai Dooj gift to the women of the national capital.According to a senior transport department official, the Pink Card will be valid for a lifetime and aims to make…
India’s property market has pulled in almost $80 billion in institutional investments over the past 15 years, highlighting its rise as a favoured asset class for global and local investors, a report by Colliers and CREDAI said.Foreign investors have played the bigger role so far, contributing 57% of the total inflows since 2010. Yet, the…
Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6-7.5 per cent, outpacing many mature global markets, according to a joint report released by CREDAI and ANAROCK Capital. The study, Indian REITs: A Gateway to Institutional Real Estate, was unveiled at CREDAI NATCON in Singapore, as reported by news agency ANI.Since the country’s…
