New Delhi, Mar 20 (KNN) The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has notified the Income-tax Rules, 2026 under the provisions of the Income-tax Act, 2025. The new rules will come into force from April 1, 2026. The rules set out detailed procedures, definitions, andContinue Reading
New Delhi, Apr 6 (KNN) The latest ‘State Finances 2023–24’ report by the Comptroller and Auditor General of India reveals a growing divergence in state revenues, underscoring that fiscal performance in the post-GST era depends not just on tax collections but on broader revenue strategies. Mixed Revenue Trends Across StatesContinue Reading
New Delhi, Mar 7 (KNN) Non-banking financial companies with microfinance arms (NBFC-MFIs) in India are increasingly expanding into non-microfinance credit segments such as MSME loans, loan-against-property (LAP), affordable housing and vehicle financing as part of a strategic shift to diversify risk and reduce portfolio concentration. Industry participants say that evolvingContinue Reading
New Delhi, Mar 21 (KNN) The central board of the Reserve Bank of India (RBI) has reviewed the impact of evolving geopolitical developments on financial markets, amid rising global uncertainties and volatility. At its 622nd meeting held in Patna, chaired by RBI Governor Sanjay Malhotra, the board assessed the emerging globalContinue Reading
New Delhi, Apr 7 (KNN) The rate-setting panel of the Reserve Bank of India (RBI) began its three-day monetary policy meeting on April 6, with expectations of a pause in interest rates amid rising inflation risks linked to the West Asia conflict. The decision of the six-member Monetary Policy CommitteeContinue Reading
New Delhi, Mar 6 (KNN) The Central Board of Indirect Taxes and Customs (CBIC) has extended the facility of deferred payment of customs import duty to Eligible Manufacturer Importers (EMIs). The facility will come into effect from 1 April 2026 and will remain available until 31 March 2028. Under theContinue Reading
New Delhi, Mar 21 (KNN) The government has approved a limited-period Rs 20,000-crore credit guarantee scheme to ease funding constraints faced by microfinance institutions (MFIs). The Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) will support loans extended by member lending institutions (MLIs), including banks and other lenders, to MFIs andContinue Reading
