HCLTech CEO C. Vijayakumar’s Salary Jumps, Surpassing Rivals HCLTech CEO C. Vijayakumar earned $10.85 million (approx. ₹94.6 crore) in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector. According to the company’s annual report, his earnings surpassed those of the heads of larger rivals like TCS and Infosys. … Read more
Auction for Sale (issue/ re-issue) of (i) ‘New Government Security 2030’ and (ii) ‘7.09% Government Security 2054’ The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) “New Government Security 2030” for a notified amount of ₹15,000 crore (nominal) through yield based auction using multiple price method and (ii) “7.09% Government Security 2054” for a notified amount of ₹12,000 crore (nominal) through price based … Read more
Union Minister of State for Finance Shri Pankaj Chaudhary inaugurates Trade Facilitation Conference 2025 on theme “Scientific Excellence for Seamless Trade”, in New Delhi, today The Conference was organised by Central Revenues Control Laboratory (CRCL) under Central Board of Indirect Taxes and Customs (CBIC) During the inaugural session, a documentary on “Science at the Border: … Read more
DRI foils major smuggling bid, seizes ₹35 crore worth of Chinese firecrackers in “Operation Fire Trail” In a major crackdown on smuggling of Chinese firecrackers and fireworks into India, the Directorate of Revenue Intelligence (DRI), in an operation codenamed “Operation Fire Trail”, successfully traced, intercepted, and seized huge quantities of Chinese firecrackers/fireworks, valued at approximately Rs. 35 … Read more
India just recorded a current account surplus of $13.5 billion (1.3% of GDP) in the January-March quarter of FY25, according to the RBI. This is a significant jump from $4.6 billion in the same period last year and reverses a deficit of $11.3 billion in the previous quarter. What drove this surplus? Annual Picture for … Read more
A significant ruling from the Delhi High Court mandates that applications for revocation of GST Registration cancellation must be decided within one month. This directive came in the case of M/s. JMD Enterprises v. Sales Tax Officer, AVATO, decided on May 15, 2025. Case Details The petitioner, M/s. JMD Enterprises, challenged an order from April … Read more
Introduction of Enhanced Inter-operable Services Between E-Way Bill Portals GSTN is pleased to inform that NIC shall be launching the new E-Way Bill 2.0 portal (https://ewaybill2.gst.gov.in) on 1st July 2025, featuring enhanced inter-operable E-Way Bill functionalities. The portal is being introduced to provide enhanced inter-operability between the existing E-Way Bill 1.0 Portal (https://ewaybillgst.gov.in) and the new portal. 1. ObjectiveThe new E-Way Bill 2.0 … Read more
Prime Minister’s departure statement ahead of three-nation tour to Cyprus, Canada and Croatia Today, I will embark on a three-nation tour to the Republic of Cyprus, Canada and Croatia. On June 15-16, I will visit the Republic of Cyprus at the invitation of President H.E Nikos Christodoulides. Cyprus is a close friend and an important … Read more
CBDT Cracks Down on Undisclosed Crypto Income India’s tax authorities are intensifying their efforts to ensure compliance with cryptocurrency income declarations. The Central Board of Direct Taxes (CBDT) has launched a significant crackdown on individuals and entities suspected of evading taxes and laundering money through undisclosed or underreported crypto transactions. The CBDT’s data-driven investigation has … Read more
The Indian Finance Ministry has firmly denied recent reports claiming the government plans to impose a Merchant Discount Rate (MDR) on UPI transactions, calling them “completely false, baseless, and misleading.” The ministry emphasized its continued commitment to promoting digital payments through UPI. Understanding the Backstory The rebuttal comes after media speculation suggested an MDR might … Read more