“Banks write off NPAs, including those in respect of which full provisioning has been made on completion of four years, as per the Reserve Bank of India (RBI) guidelines and policy approved by banks’ Boards,” Minister of State for Finance Pankaj Chaudhary said. File Photo: Sansad TV via ANI Public sector banks (PSBs) have written…
As of 2023-24, the Central Government has failed to transfer ₹3.69 lakh crore worth of cess collections to the relevant funds for which the cess was implemented, the Comptroller and Auditor General has found. A cess is a levy over and above a tax and has to be used for a particular purpose. These short…
The July 2025 inflation is the lowest since June 2017 when it was at 1.46%. The year-on-year food inflation rate in July was (-) 1.76%. Image used for representation purpose only. | Photo Credit: Sushil Kumar Verma Retail inflation slipped to an eight-year low of 1.55% in July mainly due to subdued prices of food…
In the local markets, gold of 99.5 per cent purity dipped ₹1,000 to ₹1,01,100 per 10 grams (inclusive of all taxes) on August 12, 2025. File photo: Special Arrangement Gold prices plunged ₹1,000 to ₹1,01,520 per 10 grams in the national capital on Tuesday (August 12, 2025) in line with a sell-off in global markets,…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Net direct tax collection dipped 3.95% to ₹6.64 lakh crore so far this fiscal, mainly on account on higher refunds, according to government data released on Tuesday (August 12, 2025). Direct tax includes taxes on income paid by companies, individuals, and by professionals, and…
Union Finance Minister Nirmala Sitharaman speaks in the house on August 11, 2025. Photo: Sansad TV via PTI Photo As the Opposition members continued their protest, the Lok Sabha on Monday (August 11, 2025) passed the two crucial Bills pertaining to taxation without any debate. Union Finance Minister Nirmala Sitharaman introduced the Income-Tax (No 2)…
FIIs turned net buyers after several days and purchased equities worth ₹1,932.81 crore on August 8, 2025, according to exchange data. File | Photo Credit: Reuters Rupee pared initial gains and settled for the day on a negative note, lower by 8 paise at 87.66 (provisional) against the U.S. dollar on Monday (August 11, 2025),…
Soybeans are displayed with a farmer miniature in this illustration picture. | Photo Credit: Reuters Chicago soybean prices rose more than 2% on Monday (August 11, 2025) after U.S. President Donald Trump said he hoped China would quadruple its soybean orders from the United States. China is the largest soy importer in the world, but…
Capital expenditure (capex) goes towards creation of fixed assets, such as roads and bridges, irrigation structures, schools, hospitals, along with investments made in Public Sector Undertakings. | Photo Credit: Getty Images/iStockphoto Tamil Nadu is among the States which saw a decline in capital expenditure in the first quarter of 2025-2026. Capital expenditure (capex) goes towards creation…
The story so far: On August 6, U.S. President Donald Trump announced a whopping 25% penalty tariff on Indian goods for India’s import of Russian oil. This was on top of the 25% reciprocal tariffs announced on July 31 after Indian and U.S. negotiators failed to reach a Free Trade Agreement (FTA). Also Read |…
