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FINANCE MINISTRY TAX REFORMS
Govt cuts ₹16,688 crore in tax disputes after appeal threshold hikeThe government withdrew thousands of tax appeals after raising litigation limits. This action reduced disputed tax demand by over sixteen t...- Rejig of global tax reporting rules to cover digital financeThe revised guidance, issued by the central board of direct taxes (CBDT), lays down an updated compliance framework for reporting financial...
- Taxation laws amendment bill: Government proposes simplified exemption framework for offshore fundsA bill will soon simplify offshore investment fund rules. This aims to attract more foreign capital into India. Tax exemptions will be offe...
- India raises windfall tax on petrol exports to Rs 3.5/litre, diesel to Rs 24/litre from August 3The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre ...
- India proposes tax relief for offshore funds using local managersIndia has proposed easing tax rules for offshore investment funds using India-based managers by removing size and investor limits, aiming t...
- Centre releases Rs 1.09 lakh crore to states, advances August tax devolutionThe August 1 release is in addition to the regular monthly devolution due on August 10, giving states an early fiscal boost as they step up...
- Centre releases additional Rs 1,09,019 crore tax devolution to states to boost capital spendingThe Union government released an additional Rs 1,09,019 crore tax devolution on August 1, 2026. This amount is separate from the scheduled ...
- New Zealand announces major overhaul of seasonal worker scheme; changes from 2027New Zealand's Recognised Seasonal Employer scheme will see reforms starting in 2027. These changes aim to simplify recruitment and improve ...
- Bloomberg delays India bonds inclusion in global index as investors seek proof reforms workBloomberg Index Services has deferred a decision on including Indian government bonds in its Global Aggregate Index, saying recent market r...
- Maldives launches Favara-UPI payment service with IndiaMaldives has launched real-time fund transfers to India using UPI. This integration connects Maldives' Favara system with India's popular p...
- India climbs 25 places to 57th in global rankings on back of structural, pro-competitive reformsIndia's position in structural and global rankings has improved from 82nd to 57th as per a statement by the Ministry of Commerce & Industry.
- Global Market: Weak yen lifts Japan's forex reserve surplus to $31 billion in FY25Japan posted a 5.06 trillion yen ($31 billion) surplus in its special foreign exchange reserves account in FY2025, the second-highest on re...
- India 25 notches up on global competitiveness indexIndia advanced 25 places to rank 57th globally in a competitiveness index. This improvement reflects sustained efforts in reducing market d...
- Has government scrapped Long Term Capital Gain (LTCG) tax for foreign investors? Finance Ministry repliesThe government has clarified no LTCG tax scrapping for foreign investors. Only investments in Government Securities now receive tax exempti...
- Finance ministry calls for faster policy action to sustain growth amid global uncertaintyIndia's finance ministry stressed faster policy responses and stronger implementation for investment. The economy shows resilience despite ...
- India growth resilient amid global uncertainty, but crude risks lingerGlobal uncertainties resurface, impacting the worldwide economic outlook significantly. Resilient domestic demand continues to support Indi...
- Is government planning to scrap Long Term Capital Gain (LTCG) tax on equities for domestic investors in FY 26-27? Minister respondsLong Term Capital Gain: The Finance Ministry has denied contemplating the scrapping of LTCG tax on equities for domestic investors. There i...
- ADB okays $1.8 billion loans for urban reforms, rooftop solar pushThe urban programme will support implementation of the Urban Challenge Fund by strengthening urban institutions, improving integrated plann...
- PM Modi chairs second high-level meeting with Secretaries, reviews agenda for Viksit BharatPrime Minister Narendra Modi chaired a high-level meeting reviewing future action agendas. Discussions focused on finance, commerce, and te...
- Finance minister Nirmala Sitharaman asks I-T officials to ease burden on honest taxpayersFinance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and ec...
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