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Economy

Direct Tax Collections Jump 182% In 10 Years To Over Rs 19.60 Trn In FY24

28 Dec 2024 05:36 AM IST

According to the latest "Time Series Data" released by the income tax department, corporate tax revenues have more than doubled, reaching over ₹9.11 trillion.

Macrotech Developers To launch Rs 10,000 cr Housing Projects By March

28 Dec 2024 04:54 AM IST

Mumbai-based Macrotech Developers sells properties under the Lodha brand.

Banking Frauds Rise In H1FY25, Amount Involved Jumps Eightfold: RBI Report

27 Dec 2024 05:07 AM IST

The RBI report for April-September 2023 highlights a significant rise in bank frauds, with 18,461 cases totaling Rs 21,367 crore, compared to the previous year's 14,480 cases involving Rs 2,623 crore. Despite this increase, the report indicates that the total fraud amount for the 2023-24 fiscal year is the lowest in a decade, with the average fraud value being the lowest in 16 years.

RBI Sets Up 8-Member Committee To Establish Ethical AI Framework For Ethical Use Of AI

27 Dec 2024 04:17 AM IST

On Thursday, the Reserve Bank of India (RBI) announced the formation of an eight-member committee tasked with developing a framework for the ethical and responsible use of artificial intelligence (AI) in the financial sector.

Budget 2025: Govt May Cut Income Tax Rates To Lift Consumption, Says Report

27 Dec 2024 03:59 AM IST

Taxpayers can choose between two tax schemes: the traditional one, which allows various exemptions, and the newer, simplified system that offers slightly lower tax rates but removes most major exemptions.

Budget 2025-26: Rural Roads Scheme Could Get 10% Topup; FY26 Outlay Hike Likely

26 Dec 2024 06:12 AM IST

The Indian government is set to increase the budget for the Pradhan Mantri Gram Sadak Yojana (PMGSY) by 10% in the 2025-26 fiscal year. This funding boost aims to expand rural road connectivity, focusing on building 62,500 km of roads across rural areas.

Year In Review: Zepto’s Growth, And Big ,Moves In Quick Commerce

25 Dec 2024 23:34 PM IST

The company has expanded its offerings, launching Zepto Cafe for 10-minute food delivery and planning to set up 700 dark stores by 2025.

Eco Hotels Aims For Profitability By FY26, Acquires Three Properties

25 Dec 2024 07:30 AM IST

Focused on developing eco-friendly accommodations with a zero carbon footprint, Eco Hotels is on track to reach a capacity of 400 rooms by the end of the month.

Government Mulls 30 % Subsidy For Local Electric Ambulances

24 Dec 2024 06:58 AM IST

India is set to offer a significant boost to the electric ambulance industry with a 30% subsidy on the cost of producing electric ambulances. This initiative is part of the government’s push to encourage local manufacturing and deployment of e-ambulances across the country.