Opposition parties on Monday accused the administration of Prime Minister Narendra Modi of presenting a directionless budget for FY21 and questioned the various fiscal projections during a debate in Parliament, highlighting the government’s limited spending power amid an economic slowdown.   Senior Congress leader P. Chidambaram, wh...

NEW DELHI : With a slew of measures to boost the Indian economy suffering from a slowdown, Finance minister Nirmala Sitharaman tabled the Union Budget 2020-21 in the Lok Sabha today. She announced the launch of a new personal income tax regime which can help the middle-class save taxes and also scrapped dividend distribution ta...

India’s budget proposal to abolish dividend tax for companies could encourage more payouts to investors, according to CLSA. The plan lets domestic companies avoid taxes on dividends received from other firms if they distribute an equal or greater amount of the payout to investors. Companies with a high share of dividend income from subsidiarie...

The Reserve Bank of India (RBI) has, vide Speaking Order No DOR.CO.AID/LC02/12.22.035/2019-20 dated April 28, 2020 cancelled the licence of The CKP Cooperative Bank Ltd., Mumbai, to carry on banking business, with effect from the close of business on April 30, 2020. The Registrar of Co-operative Societies, Pune, Maharashtra, has also been reque...

Central Government has nominated Shri Tarun Bajaj, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India as a Director on the Central Board of Reserve Bank of India vice Shri Atanu Chakraborty. The nomination of Shri Tarun Bajaj is effective from May 5, 2020 and until further orders.