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CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
India waives excise duty on petrol with higher ethanolIndia's government is giving consumers a break by waiving excise duty on petrol. This move is tied to the increased use of ethanol blended ...12 Jun, 2026, 12.03 PM IST- India grants retrospective custom duty relief on imports of select nuclear power generation equipmentIndia has granted retrospective customs duty relief on specified nuclear power generation equipment imported between April 1, 2019 and Janu...12 Jun, 2026, 01.58 AM IST
- Higher ethanol mix tax cut a good driveIndia is rolling out incentives for petrol mixed with higher ethanol percentages, marking a significant step in its commitment to bolster e...11 Jun, 2026, 11.11 PM IST
- ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflationThe European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This mo...11 Jun, 2026, 06.23 PM IST
- RBI proposes unified framework for banks' risk, compliance and audit functionsThe Reserve Bank of India has released a draft framework for bank control and assurance functions. This aims to simplify rules and boost go...10 Jun, 2026, 09.22 PM IST
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...10 Jun, 2026, 05.12 PM IST
- Central Bank of India ordered to pay Rs 2.5 lakh compensation to customer for losing original property papersA consumer commission held the Central Bank of India liable for losing a land title deed deposited as collateral for an agricultural loan. ...10 Jun, 2026, 02.23 PM IST
- These 8 banking stocks have an upside potential of up to 26% in 1 year, according to analystsIf oil prices stay at higher levels, some FPIs with exposure to the Indian banking sector through ETFs might decide to sell, putting these ...10 Jun, 2026, 12.27 AM IST
- US Customs’ $166 billion tariff refund plan faces court fight over who gets access to payoutsA government official testifies today in federal court. This concerns billions of dollars in import taxes. The Supreme Court ruled these ta...09 Jun, 2026, 09.40 AM IST
- Supreme Court issues notice to CBSE on plea to declare Class 12 improvement examination resultThe SC has taken up a case involving a Saudi Arabian student. He seeks his Class 12 improvement exam results from the CBSE. The court has i...08 Jun, 2026, 03.03 PM IST
- Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...08 Jun, 2026, 01.39 PM IST
- IDFC First Bank fraud was isolated case involving collusion: KPMGA forensic review has confirmed a Rs 646 crore fraud at IDFC First Bank's Chandigarh branch was an isolated incident. The fraud involved co...05 Jun, 2026, 10.50 PM IST
- CBSE clarifies re-evaluation payments, says portal withstands cyberattack attemptCBSE has clarified its online portal for Class XII answer sheet verification and re-evaluation. Students can use various payment methods li...04 Jun, 2026, 04.45 PM IST
- Central Bank of India targets over Rs 3,500 crore bad-loan recovery in FY27Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth manag...04 Jun, 2026, 03.54 PM IST
- GST collections rise 3.2% to ₹1.94 lakh crore in May; import-led revenues drive growthIndia's GST collections hit an impressive ₹1.94 lakh crore in May 2026, showcasing a 3.2% rise primarily driven by robust imports of essent...02 Jun, 2026, 12.49 AM IST
- CAIT seeks further GST simplification, says monthly collections have risen sevenfold since rolloutTraders' body CAIT seeks simpler GST rules. Tax collections have surged since 2017, but ground-level compliance remains difficult. More sim...31 May, 2026, 09.49 PM IST
- CBIC allows remote clearance for sea cargoThe Central Board of Indirect Taxes and Customs has introduced new procedures for vessel entry and departure. Customs officers will now gra...21 May, 2026, 01.11 AM IST
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