TAX, EFP, GST, ITR news
India’s warehousing sector has emerged as an important pillar for the growth of country’s logistics and supply chain, supported by rising consumption, digital adoption, and policy-led infrastructure development. According to Grant Thornton Bharat report, the warehousing sector is growing at a CAGR of 15.64% and expected to reach $35 billion by 2027. Initiatives such as …
The finance ministry on Friday exhorted banks to improve CASA deposits and enhance their lending towards MSMEs and the agriculture sector. On the first day of the two-day-long ‘PSB Manthan’ organised by the Department of Financial Services, the government raised concerns over the dwindling Current Account Savings Account (CASA) ratio of public sector banks, a …
Finmin asks banks to improve their CASA, increase lending to MSMEs, agricultural sector Read More »
JioBlackRock Mutual Fund, a new entrant in the mutual fund industry, will launch the JioBlackRock Flexi Cap Fund NFO, its first active equity fund, on September 23 and will close on October 7. The fund will reopen for continuous sale and repurchase within five business days of allotment date. “This is our first active equity …
Many taxpayers are left wondering why their income tax refund hasn’t been credited yet or why their ITR status is still showing “under processing.” While delays can be frustrating, there are several reasons which can range from verification issues to backend checks by the Income Tax Department, or any minor errors that may be holding …
Manufacturers of handmade carpets and floor coverings have welcomed the recent reduction in the Goods and Services Tax (GST) rate from 12% to 5%. They believe that the move will positively impact consumer spending and benefit the local economy. The revised rates, set to take effect from September 22, 2025, are expected to boost exports …
MUMBAI: Domestic rating agency Icra on Wednesday flagged lenders’ exposure to small and medium enterprises (SMEs) as a potential source of risk. The agency also noted that the fixed deposit offerings by banks have bottomed out, and further reductions are less likely if the RBI holds on to the rates. The agency has retained the …
Icra flags risks on small biz exposures, feels FD rates have bottomed Read More »
IDBI Bank has filed a fresh plea in the National Company Law Tribunal (NCLT) seeking insolvency against media and entertainment firm ZEE. In its petition at the Mumbai bench of NCLT, IDBI Bank, claiming to be a financial creditor of the company, has claimed a purported default of Rs 225.22 crore, according to a regulatory …
IDBI Bank moves NCLT with fresh insolvency plea against Zee Entertainment Read More »
Edelweiss Mutual Fund’s Altiva SIF will launch Altiva Hybrid Long-Short Fund, an interval investment strategy investing in equity and debt securities, including limited short exposure in equity and debt through derivatives. The primary objective of the investment strategy is to generate capital appreciation through equity and equity related instruments and income through arbitrage, derivatives strategies, …
Edelweiss Mutual Fund’s Altiva SIF to launch hybrid long-short fund Read More »
With the Income Tax Return (ITR) deadline of September 15, 2025, a few days from now, the Income Tax (I-T) Department has made available Excel Utilities for filing updated returns in ITR-5, ITR-6 and ITR-7 forms for the AYs 2021-22 and 2022-23. According to the Income Tax Department website, “Excel Utilities for filing updated returns …
NEW DELHI: The rationalisation of GST rates for the textile sector is expected to reduce costs, support exports, sustain jobs and stimulate domestic consumption to catalyse India’s textile and apparel market towards the $350 billion target by 2030, the government said on Thursday. Key GST rationalisations include a 5 per cent rate up to Rs …
GST rationalisation in textiles to remove distortions, support exports Read More »
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