The Goods and Services Tax (GST) portal has opened for annual return filing for the financial year 2024-25. With the system now live, taxpayers can begin submitting Form GSTR-9, which captures details of sales, purchases and tax payments made during the year. Larger businesses are also required to file Form GSTR-9C, a reconciliation statement that…
Finance Minister Nirmala Sitharaman on Saturday, October 4, launched a three-month nationwide drive to help people recover their unclaimed financial assets, including dormant bank deposits, unpaid insurance claims, dividends, shares and mutual fund proceeds. The campaign, called ‘Aapki Poonji, Aapka Adhikar – Your Money, Your Right’, was inaugurated in Gandhinagar, Gujarat, and will run till…
The government will raise Rs 6.77 lakh crore in the second half of FY 2025-26 through dated securities, including Rs 10,000 crore from Sovereign Green Bonds, the Ministry of Finance said on Friday. The borrowing plan, finalised in consultation with the Reserve Bank of India (RBI), will be executed between October 2025 and March 2026….
Japan’s Rating and Investment Information, Inc. (R&I) has boosted India’s long-term sovereign credit rating to BBB+ with a Stable outlook, according to the Ministry of Finance. This marks the third upgrade in 2025, following similar actions by Morningstar DBRS in May and S&P Global in August. The recent decision highlights the increasing global trust in…
The Directorate of Revenue Intelligence (DRI) has seized 108.67 kg of hydroponic cannabis in less than 20 days during multiple operations across India, the Ministry of Finance said in a statement issued by the Press Information Bureau (PIB) Tuesday. The action is part of the ongoing nationwide drive, ‘Operation Weed Out’, launched to curb trafficking…
A notification has been issued by the Department of Financial Services, Ministry of Finance, that authorises IBPS to use Aadhaar authentication using Yes/No or/ and e-KYC authentication facilities, on a voluntary basis, for verifying the identity of candidates during examinations and recruitment processes conducted by it,” said an official statement issued on Thursday. The government…