FINANCE

Vijay Mallya sentenced to 4 months in jail by Supreme Court

The Supreme Court on Monday sentenced fugitive businessman Vijay Mallya to four months jail term and imposed a fine of Rs 2000 on him....

A decade of transformation turns China's financial market into the larger global presence

China's financial market, young and fast-growing, is at a new outset to open up further to the global markets, building on the...

Bitcoin price down below $19,000 for first since November 2020, says CoinDesk data

As of 11:41 am, the Bitcoin exchange rate was down by 9.87% at $19,047 The price of Bitcoin fell by 10.66% during the trading session on...

The IMF and the World Bank have announced financial and political support for Ukraine

The International Monetary Fund and the World Bank have announced financial and political support for Ukraine and stand ready to increase...

Bank of Russia increases the key rate by 10.5 pp to 20%

External conditions for the Russian economy have drastically changed, the regulator noted The board of directors of the Bank of Russia...

China to step up tax, fee cuts to support market entities

China will intensify tax and fee cuts with targeted measures in 2022 to bring benefits for market entities and bolster economic growth,...

UK Government to strengthen rules on misleading cryptocurrency adverts

Plans to strengthen the rules on cryptoasset advertisements and protect consumers from misleading claims were published by the Government...

Income Tax Department conducts searches in Maharashtra

The Income Tax Department carried out a search and seizure operation on 23.09.2021 on a group of four major Steel Rolling Mills based in...

China's GDP expands 12.7 per cent in H1

China's gross domestic product (GDP) expanded 12.7 per cent year on year in the first half of 2021 as recovery continues to firm, data...

GST Intelligence booked about 8000 cases involving fake ITC of over Rs. 35000 crore in FY 2020-21

Misuse of the beneficial provision of Input Tax Credit (ITC) under the GST regime is the most common modus of evasion under the GST Law....

Finance Minister N Sitharaman and Bhutan Mr Lyonpo Namgay Tshering jointly launch BHIM–UPI in Bhutan

Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman, along with her counterpart, the Hon’ble Finance Minister of...

Finance Minister announces package Rs 6,28,993 CR to support Indian economy in fight against COVID

Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman here announced a slew of measures to provide relief to diverse sectors...

India government signs $32 million loans with World Bank for improving healthcare service in Mizoram

The Government of India, the Government of Mizoram and the World Bank have signed a $32 million Mizoram Health Systems Strengthening...

Finance Ministry interaction with tax professionals, Infosys on Glitches in functioning of IT Portal

A meeting was held between senior officials of the Finance Ministry and Infosys on 22.06.2021 on issues in the new Income Tax Portal. The...