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Four changes to the Income Tax Act that will take effect in FY26 are explained

New Delhi, Aug 14: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance Minister Nirmala Sitharaman has said.The major amendment grants tax exemption on dividends,...
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The Sensex rises 304 points as the Indian stock market finishes high on lower...

Mumbai, Aug 13: The Indian stock market settled in green on Wednesday after the consumer price index (CPI) decreased to an eight-year low, amid strong buying in midcap stocks.India’s inflation rate based on CPI eased further to 1.55 per cent in July this year amid a decline in food prices....
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India's economy keeps growing quickly: CEA Nageswaran

Mumbai, Aug 13: The overall momentum of the Indian economy has not slowed, as is evident from high-frequency indicators and although trade-related issues are important, they should not overshadow other critical challenges, the government's Chief Economic Advisor (CEA) V. Anantha Nageswaran...
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SBI will update IMPS fees for certain transactions starting on August 15

New Delhi, Aug 13: The State Bank of India (SBI) will revise Immediate Payment Service (IMPS) charges for retail customers from August 15, introducing nominal fees for certain online high-value transactions while keeping small-value transfers free.All customers will continue to receive free...
The India-UK trade agreement is expected to help the domestic mining industry
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The India-UK trade agreement is expected to help the domestic mining industry

New Delhi, Aug 13: The India-UK Comprehensive Economic and Trade Agreement (CETA) is set to benefit the domestic mineral sector, according to the Ministry of Mines.V.L. Kantha Rao, Secretary (Mines), highlighted the opportunities for the Indian mineral sector, particularly the aluminium...
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The Cabinet approves the investment of Rs 4,600 crore for four semiconductor...

New Delhi, Aug 12: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved four more semiconductor projects under the India Semiconductor Mission (ISM) with an outlay of Rs 4,600 crore.The four proposals approved are from SiCSem, Continental Device India Private Limited...
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Government participating in talks on a bilateral trade agreement between the US...

New Delhi, Aug 12: The government is still involved in the discussions on the India-US Bilateral Trade Agreement (BTA) with Washington with the aim to expand trade and investment through tariff stability and long-term trade predictability, the Parliament was informed on Tuesday.A reciprocal...
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US tariffs: Crisil claims that robust corporate expansion and government...

New Delhi, Aug 12: Strong corporate balance sheets, potential bilateral trade agreements with other countries and the possibility of support from the Indian government for the impacted sectors could mitigate the credit impact to some extent arising due to increased US tariffs on India, a...
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Banks are allowed to choose the minimum account balance: RBI Governor on the...

New Delhi, Aug 11: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said that the minimum balance limit for saving accounts will be decided by banks as the decision does not fall under any regulatory jurisdiction, after India’s second largest lender ICICI Bank raised the monthly...
FM Sitharaman presents the updated Income Tax Bill to Parliament in order to increase clarity and equity
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FM Sitharaman presents the updated Income Tax Bill to Parliament in order to...

New Delhi, Aug 11: Union Finance Minister Nirmala Sitharaman on Monday introduced a revised version of the Income Tax Bill, 2025, incorporating most of the recommendations made by the Parliamentary Select Committee headed by BJP leader Baijayant Panda, in the Lok Sabha amid Opposition...
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Passengers are stranded  for an hour at Raipur airport as the Air India airplane...

Raipur, Aug 11: A technical snag in an Air India flight arriving from Delhi led to a tense hour-long delay at Raipur airport, leaving around 160 passengers, including a sitting MLA, stranded inside the aircraft with no immediate explanation.Flight AI 2797 departed Delhi at 8.15 p.m. and landed...
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The Income Tax Department makes available the ITR-5 Excel utility for submitting...

New Delhi, Aug 9: The Income Tax Department on Saturday released the ITR-5 Excel Utility for Assessment Year 2024–25. This utility can be used by partnership firms, Limited Liability Partnerships (LLPs), and cooperative societies to file their annual returns.Associations of Persons, Bodies of...
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