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, Mar 20 (KNN) Lower budgeted spending, underutilisation of funds under intellectual property right (IPR) programmes and decline in overseas patent filings by Indian entities are among the key concerns raised by the Department-Related Parliamentary Standing Committee (DRPSC) on Commerce in its 196th report on the Demands for GrantsContinue Reading
New Delhi, Mar 20 (KNN) Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited, has entered into a strategic corporate agent partnership with Saarathi Finance and Credit Private Limited to expand insurance coverage for micro, small and medium enterprises (MSMEs). Partnership To Expand Insurance Access ForContinue Reading
New Delhi, Mar 19 (KNN) A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) has highlighted that India’s level of urbanisation may be significantly higher than official estimates, pointing to a large extent of ‘hidden urbanisation’ driven by rapid expansion of built-up areas beyond formally recognisedContinue Reading
New Delhi, Mar 19 (KNN) India is pursuing a development strategy that integrates economic growth with environmental sustainability, according to two new bulletins released by the Ministry of Statistics and Programme Implementation on the Prosperity and Planet pillars of the United Nations Sustainable Development Goals. The reports, part ofContinue Reading
New Delhi, Mar 19 (KNN) The government is considering a proposal to exempt companies with annual turnover of up to Rs 1 crore from mandatory statutory audits under the Companies Act, as part of efforts to reduce compliance burden on micro businesses. Currently, all companies, irrespective of size, areContinue Reading
New Delhi, Mar 19 (KNN) Credit demand in the banking system remained steady in the March quarter, with public sector banks (PSU banks) strengthening their position in key segments such as Micro, Small and Medium Enterprises (MSME) and home loans, according to a report by Motilal Oswal Financial Services. Continue Reading
