Monika Yadav

With record repo rate hike, RBI signals end of cheap loans era

ICICI Bank and Punjab National Bank have already raised their lending rates after the central bank increased the benchmark interest rate on Friday. 

06 Aug 2022

What happens when you miss filing your I-T return on time? 

If you have missed the deadline for filing ITR, you can still file it by 31 Dec 2022, but with some penalties like late fee, interest on tax liability and no revision of ITR.

01 Aug 2022

57% jump on infrastructure spending as Centre uses Rs 1.75 lakh crore in April-June

Capex in the first quarter was Rs 1.75 lakh crore compared to Rs 1.11 lakh crore in the same quarter the previous fiscal

30 Jul 2022

Committee on GST tribunal to meet on Aug 17

“Only after the submission of GoM reports on GSTAT and online gaming, casinos, the next GST Council meet will be organised,” said one of the sources privy to the matter.

28 Jul 2022

Increase time gap between filing of TDS and I-T returns, say tax experts

The last date for individual return filing is July 31. The finance ministry sources have been saying that it is unlikely that the deadline will be extended.

27 Jul 2022

Rupee holding up well relative to other currencies: RBI

He highlighted the global grim situation in view of inflationary pressures, tighter external funding situation and financial stability challenges in many countries.

23 Jul 2022

GoM on GSTAT to meet for first time on Jul 26

The panel has to submit its report to the GST Council by July 31.

22 Jul 2022

Rupee value hitting below 80 against USD not big concern: Official

 As per the official, fall in rupee was due to the tightening of interest rate by the Federal Reserve, causing flow of dollars to the US from other countries.

21 Jul 2022

Five per cent GST on non-ICU hospital rooms a blow to affordable healthcare

The tax imposition of 5 per cent is also without the input tax credit, which has been heavily criticized by the industry.

20 Jul 2022

GST on pre-packed food items imposed after consensus: Nirmala Sitharaman

The minister also clarified that this is not the first time such taxes are imposed on such food articles. States were collecting significant revenue from food grain in the pre-GST regime.

20 Jul 2022

MSMEs not to be affected by recession: Government

According to a government official, most countries import Indian petroleum products, chemicals & drugs and pharma items, for which demand will never fade.

16 Jul 2022

Allow India to export grains to needy nations: Finance Minister to WTO 

According to the WTO norms, export from the public stockholding is not allowed as these are procured at subsidised rates.

16 Jul 2022

CBIC notifies GST rate changes, effective from July 18

These changes will be applicable from July 18. The Council had decided to impose 5% GST on hospital rooms with rent over Rs 5,000 excluding intensive care units.

15 Jul 2022

Finance Ministry, RBI to discuss IDBI strategic sale on July 14

In the meeting, the officials will discuss the investors’ responses received during the road shows for the stake sale of the IDBI bank. 

14 Jul 2022

Consumer price-based inflation eases to 7.01% in June, still below comfort level 

According to the government data, core inflation plunged to 5.95%, less than 6% after a lag of three months.

13 Jul 2022