As the number of income tax returns (ITRs) filed surged to record 7.28 crore in the assessment year 2024-25, the processing time has also been reduced significantly in the last decade, which is a transformative shift in the tax assessment methodologies in the country. ...
The government is considering requiring electric vehicle (EV) manufacturers to disclose information on car batteries amid an EV scare following a massive fire caused by a Mercedes-Benz vehicle last week, according to sources on Thursday. ...
BMW Korea, Hyundai Motor and two other carmakers will voluntarily recall more than 172,000 vehicles due to faulty components, the transport ministry here said on Thursday. ...
As the unified payments interface (UPI) technology continues to empower millions of users, more than 1.73 lakh panchayats in the country are now UPI-enabled, able to collect payments digitally. ...
Geopolitical headwinds resulted in a 27 per cent hike in container logistics prices in the Indian shipping market in July but the country displayed resilience amid the high volatility in the Asian markets, a new report showed on Thursday. ...
The Central Bank’s decision to keep repo rates unchanged at 6.5 per cent for the ninth consecutive time aligns well with the government’s indexation benefits, industry experts said on Thursday, adding that this will further help aspiring homebuyers. ...
The RBI proposes to increase the frequency of reporting of credit information to credit information companies (CICs) to a fortnightly basis or at shorter intervals, the central bank’s Governor Shanktikanta Das said on Thursday. ...
To address the problems arising from unauthorised digital lending apps (DLAs), the Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities to help consumers verify a digital lender, RBI Governor Shaktikanta Das announced on Thursday. ...
The recent electric vehicle fire incidents involving Mercedes-Benz and Kia models could not have come at a worse time for the local automotive industry, which has been eagerly preparing to introduce ambitious new electric models to tackle the so-called EV adoption chasm. ...
India exported non-basmati rice worth $ 122.7 million during April-May in the current financial year. The government is closely monitoring the production, availability and export situation to assess suitable policy intervention, as per Minister of State for Commerce and Industry Jitin Prasada's written reply to the Lok Sabha. ...
