The minister exhorted officers of the income tax department to work with the same zeal and dedication to make faceless appeal system an equal success

Prime Minister Narendra Modi launched the platform 'Transparent Taxation Honoring the Honest' which provides for launch of faceless assessment and adoption of a taxpayer charter

Effective from August 13, the faceless assessment scheme aims to obliterate the human interface between the income tax department and the taxpayer

Launch of platform by PM Modi will carry forward journey of direct tax reforms in India; Nirmala Sitharaman and Anurag Singh Thakurto be present at launch event

This is fourth equated-monthly instalment of post-devolution revenue deficit grant; funds will help states in taking preventive steps towards spread of COVID-19

Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of COVID-19

Defence Minister Rajnath Singh on Sunday announced that India will stop import of 101 military systems and weapons like transport aircraft, light combat helicopters, conventional submarines and cruise missiles by 2024 to promote India's domestic defence industry

Under this special revival campaign, LIC policyholders will get 20 per cent late fee concession for revival of plan with total receivable premium of up to Rs 1 lakh, while 25 per cent concession for amount between Rs 1 lakh and Rs 3 lakh

The first tranche of loans has been sanctioned to Andhra Pradesh, Telangana and Uttar Pradesh under the Rs 90,000 crore liquidity infusion package for discoms announced in May

The Special Liquidity Scheme permits both primary and secondary market purchases of debt and seeks to address the short-term liquidity issues of non-banking financial companies (NBFCs) and housing finance companies (HFCs)

Weakening financials coupled with rising NPAs and issues such as increasing exposure in sectors badly hit by pandemic could pose hurdles in government's plan to sell around 10 per cent stake in insurance behemoth via a share sale

India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit

The draft Defence Production and Export Promotion Policy 2020 set an export target of Rs 35,000 crore ($5 billion) in aerospace and defence goods and services in the next five years

MSMEs body says the industry is not back on its feet yet and needs more support from the regulator to overcome the current crisis

Under the policy, a list of strategic sectors will be notified where there will be at least one and a maximum of four public sector enterprise, apart from private sector companies

Edelweiss Financial Services has opted out of the process of pre-initial public offering (IPO) advisor selection on concerns related to conflict of interest

Primarily imported from China and South East Asia, the new amendment will require OEMs to furnish details such as the origin of the consignment, even when the shipment is routed through a different country

The lender reported an 81 per cent surge in profit and better asset quality as bad loan provisions dropped. Its provision coverage ratio, or the percentage of funds set aside for loan losses, was 86.32 per cent

The United States will pay up to USD 2.1 billion for development including clinical trials, manufacturing, scale-up and delivery of its vaccine,'' the companies said in a statement. Sanofi will get the bulk of the funds

The government had pegged the fiscal deficit for 2020-21 at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the Budget which was presented by Finance Minister Nirmala Sitharaman in February