NCAER Recommends State-Level Fiscal Councils
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NCAER Recommends State-Level Fiscal Councils Introduction The National Council of Applied Economic Research (NCAER) has recently recommended the establishment of state-level fiscal councils to enhance financial governance, improve fiscal transparency, and ensure sustainable economic growth at the sub-national level. These recommendations align with global best practices in fiscal management and aim to strengthen the federal
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Key Features of the New Income Tax Bill 2025
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Key Features of the New Income Tax Bill 2025 Introduction The Income Tax Bill 2025 introduces significant reforms aimed at simplifying the tax structure, increasing transparency, and enhancing compliance mechanisms. These changes are designed to provide relief to taxpayers, improve tax administration, and promote economic growth. Below are the key features of the new bill.
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Norms for Investment Advisors and Research Analysts
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Norms for Investment Advisors and Research Analysts Introduction Investment advisors and research analysts play a critical role in financial markets by providing guidance and analysis to investors. Regulatory norms ensure that these professionals operate with integrity, transparency, and accountability. These norms are established to protect investors, prevent conflicts of interest, and maintain fair market practices.
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New Income Tax Bill: Section 80C Tax-Saving Deductions Now Under Clause 123
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New Income Tax Bill: Section 80C Tax-Saving Deductions Now Under Clause 123 The government has introduced a landmark reform in the taxation system with the New Income Tax Bill, which aims to simplify tax laws and enhance transparency. A significant change in this bill is the relocation of tax-saving deductions under Section 80C to a
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Finance Minister Presents Budget 2025-26: A Roadmap for Growth and Development
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Finance Minister Presents Budget 2025-26: A Roadmap for Growth and Development On February 1, 2025, India’s Finance Minister presented the Union Budget for the fiscal year 2025-26 in Parliament. This highly anticipated budget outlined key economic priorities, fiscal policies, and reforms aimed at fostering sustainable growth, enhancing infrastructure, and boosting social welfare. Amidst global economic
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Net Direct Tax Collections Rise 15% to Rs 17.78 Lakh Crore Till February 10
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Net Direct Tax Collections Rise 15% to Rs 17.78 Lakh Crore Till February 10 The Indian economy continues to showcase robust growth, as evidenced by the latest data on direct tax collections. According to official figures released by the Income Tax Department, net direct tax collections in India surged by 15% year-on-year to reach Rs
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RBI to Conduct Rs 40,000 Crore Government Securities Purchase via OMO Auction on Thursday
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RBI to Conduct Rs 40,000 Crore Government Securities Purchase via OMO Auction on Thursday The Reserve Bank of India (RBI) has announced its plan to purchase government securities worth Rs 40,000 crore through an Open Market Operations (OMO) auction on Thursday, signaling its intent to manage liquidity in the financial system effectively. This move is
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Net Direct Tax Kitty Swells 14.7% to Rs 17.78 Trillion Till February 10
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Net Direct Tax Kitty Swells 14.7% to Rs 17.78 Trillion Till February 10 The Indian government’s direct tax collections continue to show strong growth, with net direct tax revenues increasing by 14.7% to reach Rs 17.78 trillion as of February 10, 2024. This surge in tax collection highlights the resilience of the Indian economy, improved
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Rupee Gains 27 Paise to Reach 86.52 Against US Dollar in Early Trade
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Rupee Gains 27 Paise to Reach 86.52 Against US Dollar in Early Trade The Indian rupee witnessed a notable appreciation of 27 paise, reaching 86.52 against the US dollar in early trade on February 12, 2024. This upward movement reflects positive investor sentiment, strong domestic economic indicators, and a stabilizing global financial environment. Factors Contributing
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Net Direct Tax Collections Surge 15% to Rs 17.78 Lakh Crore Till February 10
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Net Direct Tax Collections Surge 15% to Rs 17.78 Lakh Crore Till February 10 The Indian economy continues to show resilience as net direct tax collections have recorded an impressive 15% growth, reaching Rs 17.78 lakh crore as of February 10, 2024. This significant rise in tax revenue indicates robust economic activity and improved compliance,
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