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Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary

​​Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…

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First draft of new and simplified Income Tax law to be prepared by internal tax dept committee: Revenue Secretary

The exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the i…

PTI   


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Boeing's labor strike is so bad that the US Labor Secretary just flew to Seattle to help

Su encouraged negotiations during the stoppage earlier this month involving 45,000 dockworkers on t…

Shubhangi Goel   


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GST revenues grew 11% to about ₹1.6 lakh crore in August: Revenue secretary

The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased c…

PTI   


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Fiscal deficit target of 5.1% ambitious but achievable: Finance Secretary

Finance Secretary T V Somanathan has said the government's resolve to bring down the fiscal deficit…

PTI   


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Sanctions against Russia will last 'for years to come' as the US aims to cut Moscow's oil and gas revenue in half by 2030

Limiting Russia's energy revenue will ensure that Moscow can't rearm for future aggression, Geoffre…

Filip De Mott   


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Revenue Secretary A B P Pandey designated as Finance Secretary

The Appointments Committee of the Cabinet has approved designating Pandey, a 1984 batch IAS officer…

PTI   


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Revenue secretary A B P Pandey named new finance secretary: Personnel Ministry

Tuhin Kant Pandey, a 1987 batch IAS officer of Odisha cadre, is secretary of the Department of Inv…

PTI   


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Student-loan companies are 'ready to apply' debt cancellation to borrowers' balances, Biden's Education Secretary says

Your student-loan servicer may be geared up to apply relief, but the plan is stalled due to an "ent…

Ayelet Sheffey   


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The US likely won't make it to June 15 without a default if lawmakers don't reach a deal, Treasury Secretary Janet Yellen says

"My assessment is that the odds of reaching June 15th, while being able to pay all of our bills, is…

Jennifer Sor   


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Climate COP-out: Without further action, the world is headed for 'irreversible' climate chaos, the UN Secretary-General warns.

Research indicates the world will miss targets to avert climate catastrophe as leaders prepare to g…

Catherine Boudreau   


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IRCTC stock recovers losses as government reportedly withdraws decision on convenience fee revenue share

The Indian government has reportedly withdrawn its decision of asking 50% of Indian Railway Caterin…

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Senate confirms Deb Haaland as interior secretary, making her the US's first Native American Cabinet secretary

Haaland will play a key role in pursuing Biden's climate agenda, which involves fossil-fuel product…

John L. Dorman   


Ayelet Sheffey   


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A former treasury secretary and outspoken inflation hawk slams Democrats opting out of closing a loophole for wealthy investors

Larry Summers asked why money managers "should pay taxes at half the rate of others" and appeared t…

Juliana Kaplan,Joseph Zeballo…   


Ayelet Sheffey   


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Secretary of State says the Biden administration is having 'active discussions' to ban Russian oil imports to the US

Russia's energy resources bring home more than $500 million per day, which makes up about half its …

Yelena Dzhanova