The government had in budget 2024-25 raised the threshold for filing appeals in tax disputes from ₹50 lakh to ₹60 lakh before the Income Tax Appellate Tribunal, from ₹1 crore to ₹2 crore in the case of high courts and from ₹2 crore to ₹5 crore in the case of Supreme Court.
2 min read23 Jun 2025Sitharaman will meet principal chief commissioners in CBIC on 20 June, and their counterparts in CBDT on 23 June
2 min read14 Jun 2025FM to meet heads of public sector banks on June 27 for annual review
2 min read13 Jun 2025Paytm share price fell 10% to ₹864.40 after the Finance Ministry rejected claims about implementing a Merchant Discount Rate on UPI transactions, affecting investor confidence.
2 min read12 Jun 2025New Zealand Finance Minister Nicola Willis has criticized the Reserve Bank for its handling of former Governor Adrian Orr’s resignation, saying it should have been more transparent about his reason for quitting.
1 min read12 Jun 2025Sitharaman lauds SPMCIL, hopes it to get Navratna status soon
2 min read9 Jun 2025A robust intelligence framework that detects fraud is essential, not just to catch wrongdoers but also to create a level playing field for honest trade, said finance minister Nirmala Sitharaman.
2 min read3 Jun 2025The finance minister’s message reflects concerns as global trade uncertainty persists even after US President Donald Trump paused his reciprocal tariffs for 90 days, giving trade partners an opportunity to strike deals
3 min read20 May 2025During her visit, Sitharaman will hold bilateral meetings with her counterparts from Italy, Japan, and Bhutan, as well as engage with heads of key international organisations,
1 min read4 May 2025FM Sitharaman said that she welcomed the 25 bps rate cut, adding that ‘growth is of great importance. We are at a situation where we will need every support both from the RBI and from the (finance) ministry.’
2 min read9 Apr 2025