In a letter to Finance Minister Nirmala Sitharaman, the Federation of Automobile Dealers Associations (FADA) requested prompt clarification and assistance on the transitional treatment of accumulated compensation Cess credit under the new GST 2.0 regime. In the detailed letter to the FM, FADA expressed gratitude for the government’s recent measures that streamlined the GST framework,…
After withdrawing the Income Tax Bill on Friday, August 8, Finance Minister Nirmala Sitharaman today (August 11) introduced a new Bill named The Income-Tax (No.2) Bill, 2025. The Bill has been passed by the Lok Sabha. A 31-member Select Committee led by BJP MP Baijayant Panda had proposed several amendments to the law. Despite protests…
The Securities and Exchange Board of India (SEBI) has directed the disgorgement of Rs 949.43 crore in 76 investment-related fraud cases between April 2020 and March 2025, according to information shared in Parliament on Tuesday. Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha that the highest disgorgement occurred in FY 2021-22 at…
There has been a more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday. Moreover, India leads the world in real-time payments, with more than Rs 260 lakh crore worth of transactions processed in 2024-25, the Finance…