Page 17 - Harsh Kumar

Bill to push banking reforms, strengthen governance gets Lok Sabha nod

Proposes up to 4 successive nominations by bank a/c holders

PSBs at only 42% of FY25 MUDRA disbursement target by October-end

As of October 25, MUDRA loans amounting to Rs 28,511 crore or 12.4 per cent of the annual target for PSBs, is still under process

GoM proposes fresh band: 35% GST slab likely for tobacco, aerated drinks

"The GoM on rate rationalisation has completed its report, which proposes major adjustments to tax rates on 148 items, with a particular focus on the textile industry"

Windfall tax on domestic oil, fuel exports scrapped with immediate effect

No major revenue impact, say experts

Govt detects Rs 824 cr GST evasion by crypto firms: FinMin to Parliament

But only Rs 122 cr recovered, FinMin tells Parliament

Net GST mopup rises 11% to Rs 1.63 trillion in Nov amid drop in refunds

Gross collection grows 8.5% to Rs 1.8 trillion

GST Council has turned into a rate-cutting panel: Ex-CEA Arvind Subramanian

'India's GST system remains highly complex. There is a need of simplification'

Boost credit flow to allied agri activities: FM Nirmala Sitharaman to RRBs

FM also directed Uttar Bihar Gramin Bank to increase credit flow to fisheries and foxnut (makhana) to realise the full potential of these activities in the region

Finance Ministry likely to end windfall tax as oil prices stabilise

In September, the government eliminated the windfall tax on domestically produced crude oil, reducing it to zero per tonne

GST fitment committee set to review 18% tax on co-lending services

Under the co-lending model, NBFCs are required to retain a minimum of 20 per cent of individual loans on their books, while the remaining balance is held by banks

PSBs get green flag to raise Rs 25,200 cr through equity dilution in FY25

So far, the PSBs have raised Rs 8,500 crore through Qualified Institutional Placement (QIP) in FY25, according to data from Prime Database

Explained: How will PAN 2.0 be different from the existing setup?

Here is all you need to know about the initiative and its impact on your tax filings.

Regulatory compliance important to stay ahead of fraudsters: DFS Secy

He stressed the importance of regulatory compliance to stay one step ahead of fraudsters in the industry

Public sector banks prepare to open AT-1, Tier-2 bond floodgates

They target raising Rs 54,800 cr in FY25

Rs 1,435 crore PAN 2.0 project gets CCEA approval as business identifier

The PAN 2.0 project aims to enable technology-driven transformation of taxpayer registration services and offers several benefits

Govt collects Rs 16,398 crore GST on health, life insurance in FY24: FinMin

This comes amid demands from stakeholders, including states, to reduce GST rates on health and life insurance premiums

Indian qcom startups can be key global players: FM Nirmala Sitharaman

Sitharaman's remarks come at a time when there is a heated debate about the effect of the swift growth of quick-commerce platforms on traditional brick-and-mortar retail stores in India

GST on health insurance needs to be reduced: IFFCO Tokio's Subrata Mondal

Mondal discussed the future plan of the companies along with the emerging challenges for the sector

Finance ministry directs major PSBs to fast-track re-KYC verification

Out of 53.9 crore Pradhan Mantri Jan-Dhan Yojana accounts, 11.2 crore are inoperative and 10.5 crore accounts are pending for re-KYC

Middle income, affordable housing book is growing fast: TFCI MD & CFO

Bali discussed the huge opportunities in hotel financing in the tier 2 and tier 3 cities