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2 mins read
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…
1 min read
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
2 mins read
Centre releases Rs 1.78 lakh crore to states for festive season, with largest shares to Uttar Pradesh, Bihar, and Madhya Pradesh
Among the other states, Andhra Pradesh received Rs 7,211 crore, Tamil Nadu received Rs 7,268 crore,…
2 mins read
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
1 min read
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
2 mins read
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
2 mins read
Waste to wealth: Centre eyes ₹1,000 crore revenue from scrap disposal
, The Centre is eyeing a whopping Rs 1,000 crore revenue from scrap disposal after the completion o…
PTI
2 mins read
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
3 mins read
US Treasury Secretary Yellen reaffirms June 1 as hard deadline to raise the debt ceiling
"I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in e…
ANI
1 min read
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
1 min read
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
2 mins read
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
2 mins read
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
2 mins read
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
1 min read
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…
3 mins read
An architect of the law Biden is using to cancel student debt tells the Supreme Court that the relief falls 'exactly' under the Education Secretary's authority and should be revived
A series of labor unions, advocates, and attorneys filed briefs to the Supreme Court supporting Bid…
Ayelet Sheffey
3 mins read
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
2 mins read
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…
2 mins read
Over a dozen groups just told the Supreme Court that a 'successful' return to student-loan repayment 'hinges' on upholding Biden's debt relief, the education secretary says
The amicus briefs criticized the student-loan company MOHELA's role in blocking debt relief and sup…
Ayelet Sheffey
3 mins read
Education Secretary Miguel Cardona says the department is 'moving full speed ahead' to implement student debt relief despite an appeals court temporarily blocking the plan
"Already, 22 million people have provided the department with the necessary information we need to …