Uttar Pradesh tops states in tax mop-up at Rs 1.5 lakh crore
Uttar Pradesh has recorded the highest tax collection among states for the April-July period of the current fiscal year, mopping up around Rs 1.5 lakh crore compared to Rs 1.37 lakh crore…
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Messi Kerala visit: Rs 200 cr in sponsor’s account, GST seeks source
The investigation into the alleged fraud linked to the proposed visit of footballer Lionel Messi to Kerala has found over Rs 200 crore credited to the bank accounts of sponsor Anto Augustin…
UP Board requires 18% GST on school recognition fees
Schools applying for fresh recognition or affiliation from the Uttar Pradesh Madhyamik Shiksha Parishad will have to pay 18% GST on the prescribed fee from April 1, 2026. The Board will recommend…
Fiscal outlook faces geopolitical, revenue risks: CGA data
The Centre's fiscal outlook for 2026-27 is under pressure from geopolitical headwinds and recent tax changes, though strong non-tax receipts and policy interventions may keep outcomes broadly on track, according to Controller…
SBI to charge Rs 15 per cash withdrawal beyond four free transactions from Oct 1
State Bank of India has revised cash withdrawal charges for Basic Savings Bank Deposit (BSBD) accounts opened through branch channel, effective 1 October 2026. Customers will get four free cash withdrawals per…
Equirus report says India can be $20 trillion economy by 2036
India can become a $20 trillion economy by 2036 if it carries out sustained structural reforms, according to an Equirus research report. The report proposes a 20-step agenda including listing Indian Railways,…
ITR filers rise 24% in five years, direct tax collections up 66%
The number of income-tax return filers has risen 24% from 6.96 crore in 2021-22 to 8.67 crore in 2025-26, according to Minister of State for Finance Pankaj Chaudhary's written reply in the…
E-way bill generation hits 13.98 crore in July, second-highest on record
E-way bill generation rose 5.98 per cent year-on-year to 13.98 crore in July, the second-highest monthly tally on record, but the pace of growth slowed sharply from 14.5 per cent in June…
Mineral tax law faces court challenge from Congress states
The Mines and Minerals (Development and Regulation) Amendment Act, 2026, passed by Parliament on August 13, restricts states from levying separate taxes or cesses on mineral rights or mineral-bearing land without central…
India’s small shopkeepers back Modi despite demonetisation pain
NEW DELHI, India’s influential small merchants appear to have thrown their weight behind Prime Minister Narendra Modi in the ongoing general election, despite having suffered from his government’s 2016 demonetisation drive and…
