Daily Latest News
New Delhi: India has significantly decreased its reliance on imported pulses from 6.61 million tonnes (MT) in 2016-17 to 2.496 MT by 2022-23 driven by government schemes, including the sharp hike in the Minimum Support Price (MSP) on major pulse crops, attracting farmers to increase cultivation, according to a NITI Aayog report. Consequently, the area…
New Delhi: Overall Net Profit of operating Central Public Sector Enterprises (CPSEs) rose to Rs 3.22 lakh crore in FY24 as against Rs 2.18 lakh crore in FY23 showing an increase of over 47 per cent, according to an official report. The market capitalisation of CPSEs more than doubled in Fiscal Year 2024-25 as compared…
Income Tax Return Filing Deadline: The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns to December 15, 2024, for the financial year 2023-24 (assessment year 2024-25). This extension applies to taxpayers engaged in international transactions or specified domestic transactions requiring reports under Section 92E of the Income-tax Act,…
New Delhi: The central government has revised the performance-linked incentive scheme for whole-time directors and senior executives of public sector banks. As per the Department of Financial Services under the Ministry of Finance, the objective is to offer an enhanced performance-linked incentive (PLI) scheme to suitably reward and motivate employees for significant value creation for…
ITR Penalty: For individual taxpayers whose accounts do not require auditing, the deadline for filing income tax returns (ITRs) for the financial year 2023-24 (the assessment year 2024-25) is July 31, 2024. However, the Income Tax Department has begun sending reminders to taxpayers through emails and SMSes to ensure they meet the ITR filing deadline…