Business News

RBI Proposes to Allow Banks to Finance Domestic, Overseas Acquisitions

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The Reserve Bank of India (RBI) on Friday released a draft circular proposing to allow banks to provide loans to Indian companies for acquiring full or controlling stakes in both domestic and overseas firms as part of strategic, long-term investments rather than short-term financial restructuring. Under the draft guidelines, only listed companies with a satisfactory […]

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India’s Net Direct Tax Collections Rise 6.33 Percent to Rs 11.89 Trillion by October 12

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India’s net direct tax collections for FY 2025-26 rose 6.33 per cent year-on-year to ₹11.89 trillion as of October 12, driven largely by higher contributions from non-corporate taxpayers, according to data released by the Central Board of Direct Taxes (CBDT). Net corporate tax collections grew 2.06 per cent to ₹5.02 trillion, while non-corporate tax collections

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GST Annual Return Filing Enabled for FY 2024–25 on GST Portal

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The GST portal has been updated to enable online filing of the annual Goods and Services Tax (GST) return using Form GSTR-9 for the financial year 2024–25. Filing for the reconciliation statement (Form GSTR-9C) has also been activated. The deadline for filing both GSTR-9 and GSTR-9C is December 31, 2025, giving taxpayers a shorter window

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RBI Grants PhonePe Final Licence to Operate as Payment Aggregator

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Fintech giant PhonePe has received the final approval from the Reserve Bank of India (RBI) to operate as a payment aggregator, more than two years after securing in-principle clearance from the central bank. The Bengaluru-based company now joins over 50 firms that have obtained a full licence, alongside players such as Pine Labs Online, Easebuzz,

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Centre Introduces Major GST Reforms; FM Nirmala Sitharaman Says All Citizens Will Benefit

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Kolkata: The Centre has announced sweeping changes to the Goods and Services Tax (GST) structure, a move that will benefit every citizen of the country, Union Finance Minister Nirmala Sitharaman said on Thursday. Speaking at a talk show held at the National Library, the Finance Minister said, “From the moment people wake up in the

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Engineers’ Day: Blood Donation Camp Organized in Burnpur

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Burnpur, West Bengal: Every year, September 15 is observed as Engineers’ Day in India to commemorate the birth anniversary of Bharat Ratna Sir Mokshagundam Visvesvaraya, one of the country’s greatest engineers. Visvesvaraya made remarkable contributions to the making of modern India and gave the nation a new vision through his dedication and innovative ideas in

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Govt Directs Firms to Share Revised Prices After GST Rate Cuts

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New Delhi: The Centre has directed companies to publish revised price lists of consumer goods, including automobiles and durables, reflecting the recent Goods and Services Tax (GST) reductions, The Economic Times reported. The revised lists, showing both pre- and post-GST rates, will be displayed on the official GST portal to ensure transparency and help consumers

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Temple Tourism Sees Rapid Growth Across India, Says MakeMyTrip Report

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India’s age-old tradition of pilgrimage is witnessing strong growth in the modern travel era. According to MakeMyTrip’s Pilgrimage Travel Trends 2024–25, pilgrimage tourism has become one of the fastest-growing segments of the country’s travel industry. Accommodation bookings across 56 pilgrimage destinations rose by 19% in FY24–25, with 34 locations showing double-digit growth and 15 destinations

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IndiGo, Air India and SpiceJet Suspend Kathmandu Flights Amid Violence in Nepal

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New Delhi: India’s largest airline, IndiGo, announced the suspension of all flights to and from Kathmandu’s Tribhuvan International Airport on Tuesday following escalating violence in Nepal. “In view of the prevailing situation in Kathmandu, the airport has been closed for operations. Consequently, all flights to and from Kathmandu stand suspended until further notice,” IndiGo said

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