Will the Income Tax Return (ITR) filing deadline be extended again? With just days to go before the September 15 cutoff, the Finance Ministry has issued a fresh reminder, but has stayed silent on any further relief. This has raised speculation that taxpayers may be out of time. In a detailed communication dated September 7, … Read more
The Prime Minister, Shri Narendra Modi has stated that he deeply appreciate and fully reciprocate President Trump’s sentiments and positive assessment of India-US ties.”India and the US have a very positive and forward-looking Comprehensive and Global Strategic Partnership”, Shri Modi added. The Prime Minister posted on X; “Deeply appreciate and fully reciprocate President Trump’s sentiments … Read more
The Prime Minister, Shri Narendra Modi has congratulated Dr. Andrew Holness on leading the Jamaica Party to victory for the third consecutive time. “Looking forward to deepening India-Jamaica bonds of friendship and further strengthening cooperation between our two countries”, Shri Modi added. The Prime Minister posted on X; “Heartiest congratulations to Dr. Andrew Holness on … Read more
To become a developed nation by 2047, a goal set under the ‘Viksit Bharat’ banner, India’s Finance Ministry says the country must achieve a real economic growth rate of 8% per year for the next decade. This growth is expected to be fueled by strong domestic demand and increased investments. Currently, the government projects growth … Read more
In his 79th Independence Day speech, Prime Minister Narendra Modi called for a new era of GST reforms, building on the 2017 implementation. The Central Government has since proposed a major overhaul, introducing a simplified two-slab GST structure—a standard rate and a merit rate—with special rates reserved only for a select few items. This proposal … Read more
S&P upgrades India to BBB with a Stable Outlook, highlighting Economic Resilience and Sustained Fiscal Consolidation The Ministry of Finance welcomes the decision by Standard & Poor’s (S&P) Global Ratings to upgrade India’s long-term sovereign credit rating to ‘BBB’ from ‘BBB-’ and its short-term rating to ‘A-2’ from ‘A-3’, with a Stable Outlook. The rating … Read more
India-UK Trade Deal: A Game Changer for Indian Workers and Businesses Exciting news for Indian professionals and companies! The newly signed India-UK Comprehensive Economic and Trade Agreement (CETA) is set to significantly ease financial burdens and boost opportunities across the board. This landmark deal brings a wave of benefits, making it more attractive for Indians … Read more
A significant overhaul of India’s tax system is underway with the proposed Income Tax Bill, 2025. The Select Committee tasked with reviewing the bill has submitted its report to the Lok Sabha, recommending 285 changes to simplify the legislation and make it more taxpayer-friendly. This report was presented to the Lok Sabha on Monday, July … Read more
G.S.R. 481(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the CustomsAct, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do,hereby makes the following further amendments in the notification of the Government of India in the Ministry ofFinance (Department … Read more
Delhi Secures ₹600 Crore from Centre for Development New Delhi: Delhi Chief Minister Rekha Gupta met Union Finance Minister Nirmala Sitharaman on Wednesday, successfully securing an assurance of ₹600 crore under the Centre’s “Special Assistance to States for Capital Investment (SASCI)” scheme. These crucial funds are expected to be released by the end of July, … Read more
