The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.
The promotional videos and audio messages produced by the Greater Hyderabad Municipal Corporation (GHMC) to create awareness about the One Time Settlement (OTS) Scheme for property tax arrears are receiving an encouraging response from citizens across the city.
President Droupadi Murmu on Tuesday addressed officer trainees of the 79th batch of the Indian Revenue Service (IT) at Rashtrapati Bhavan in the national capital.
The Income Tax Department carried out a nationwide verification exercise on restaurants regarding turnovers, revealing a suppression of sales amounting to approximately Rs 408 crore. According to a Ministry of Finance press statement, the investigation targeted tax evasion patterns within th
Karnataka's new alcohol policy marks a significant shift in the state's regulatory landscape. With price deregulation and a transition to a new taxation system, major industry players are expected to benefit while local companies lose ground, according to a report by Nuvama.
"It is not shocking that America is happy with the trade deal. As per the trade deal, we are decreasing the import tax, especially in the agricultural sector. They (US) are increasing it. The statement issued by the US Treasury Secretary regarding Russian oil is extremely catastrophic. Fr
New Delhi [India], March 6: Baker Tilly ASA India today marked 35 years of operations in India with the launch of its flagship publication, Doing Business in India - A Comprehensive Guide for Foreign Investors 2026. The 2026 edition comes at a pivotal moment as India consolidates its positio
Farmers in South Punjab and Sindh face rising taxes, high input costs, and market uncertainty ahead of the cotton sowing season. Agricultural groups are urging the government to remove GST on cottonseed products, warning that continued financial pressure could further reduce cotton cultivati
Speaking to ANI, Bommai said that even after taking loans worth Rs 1.32 lakh crore and imposing an additional tax burden of Rs 25,000 crore, the budget still reflects a deficit of around Rs 32,000 crore.
Bengaluru (Karnataka) [India], March 6: Numeros Motors, in collaboration with Royal Sundaram General Insurance, today announced a pioneering insurance package that prioritises rider wellbeing with a comprehensive blend of personal accident protection, daily hospital cash benefits, and a dedi
Pune (Maharashtra) [India], March 5: Patil Automation Limited (NSE: PATILAUTOM | INE17GV01016), a leading provider of turnkey welding, assembly, and robotics-integrated automation systems, announced that its subsidiary, MII Robotics Private Limited, has received multiple purchase orders valu
Speaking to the reporters at the screening of the film in Delhi, the Chief Minister said that 'Shatak' depicts the journey of completing 100 years of the Sangh and highlights its contribution to the service of the nation and India's reconstruction.