CBDT Releases ITR Forms for 2024-25 Assessment
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Return (ITR) forms for the assessment year 2024-25. The ITR forms are used by taxpayers to file their tax returns online. The CBDT has released ITR forms 2, 3, 5 and 6 for different categories of taxpayers. Here are the key details about […]
FY24 Target: Road Ministry to Construct 13,813 Km Highways
The Ministry of Road Transport and Highways (MoRTH) has set an ambitious target of constructing 13,813 km of national highways in the current financial year, which would be a record achievement for the ministry. The MoRTH Secretary Anurag Jain announced this target on February 2, 2024, while addressing a press conference in New Delhi. He […]
Paysharp Earns SOC 2 Certification as Payment Aggregator
Paysharp, a fintech startup that provides UPI solutions and virtual accounts for B2B and B2C payments, has achieved SOC 2 certification, a standard for security and compliance in the payment industry. SOC 2 is an auditing procedure that ensures that service providers securely manage data to protect the interests and privacy of their clients. SOC […]
UPI Payments Now Accepted for Eiffel Tower Visits
Indian tourists visiting the iconic Eiffel Tower in Paris can now buy tickets via Unified Payments Interface (UPI) mechanism, a payment service that simplifies the transaction process. This is the result of a partnership between NPCI International Payments Limited (NIPL) and Lyra, a leading French expert in e-commerce and proximity payments. What is UPI and […]
RBI Cautions Against Sharing KYC Docs with Unknown Entities
The Reserve Bank of India (RBI) has issued a warning to the public against frauds in the name of KYC updation and advised not to share documents with unknown entities . According to the RBI, some customers have received unsolicited communications, including phone calls/SMS/emails, through which they are manipulated into revealing personal information, account/login details, […]
₹98,418 Cr for Jal Shakti Ministry, Maximum for Jal Jeevan Mission
The interim budget for 2024-25 has given a huge boost to the Jal Shakti Ministry, which has been allocated ₹98,418 crore, a 1.94 percent increase from the previous year. The ministry is responsible for ensuring water security and sanitation in the country, and its flagship program, the Jal Jeevan Mission, has secured a significant portion, […]
Direct, Indirect Taxes Make Up 63% of Govt Revenue
The Indian government relies heavily on direct and indirect taxes to fund its various expenditures and programs. In the fiscal year 2023-24, the government expects to collect Rs 24.23 lakh crore from taxes, which is about 63% of its total revenue receipts of Rs 38.36 lakh crore. Direct taxes are those that are levied on […]
₹7.87 Lakh Paid to Sebi in AIF Rule Violation Settlement
Alternative Investment Funds (AIFs) are funds that invest in alternative assets such as private equity, venture capital, hedge funds, real estate, infrastructure, etc. AIFs are regulated by the Securities and Exchange Board of India (Sebi) under the Sebi (Alternative Investment Funds) Regulations, 2012. One of the key regulations for AIFs is the concentration limit, which […]
Finance Minister’s Green Initiatives in Interim Budget
Finance Minister Nirmala Sitharaman presented the interim budget for 2024 in the Parliament on February 1, 2024. The budget highlighted the government’s commitment to clean energy and sustainability, as well as its efforts to create a blue economy. Here are some of the key green initiatives announced by Sitharaman in her budget speech. Rooftop Solar […]
₹1.68 Lakh Cr Allocated to NHAI for FY25: FM
Finance minister Nirmala Sitharaman on Feb. 1 marginally increased allocation to State-owned National Highways Authority of India (NHAI) to ₹1.68 lakh crore for 2024-25 from last year’s revised allocation of ₹1.67 lakh crore . The pre-election Budget 2024-25 document has allocated a marginally enhanced outlay of ₹2.78 lakh crore for the highways sector . NHAI’s […]