Financial Year

Electric vehicle retail sales witness three-fold jump in FY22, according to data compiled by FADA

FADA noted that electric commercial vehicle sales rose to 2,203 units last financial year as compared with 400 units in FY21

AAP govt presents 'Rozgar Budget' for Delhi, says it will generate employment opportunities for youth

Delhi Deputy Chief Minister Manish Sisodia presented a Rs 75,800-crore budget in the Assembly for the financial year 2022-23

India's exports cross $400 billion for the first time, says PM Modi

India's merchandise exports crossed the USD 400 billion mark in the current financial year, nine days ahead of the target, Prime Minister Narendra Modi said on Wednesday

Income tax refund worth Rs 80,000 crore issued to taxpayers in current financial year

This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases, the Central Board of Direct Taxes tweeted on Thursday

India's fiscal deficit for April-August touches 31.1 percent of annual target, data shows

For the current financial year, the government expects the deficit at 6.8 per cent of GDP or Rs 15,06,812 crore.

Coronavirus Outbreak: IRDAI relaxes timeline for insurers to submit reinsurance plans for FY21

Similar steps are also initiated by governments of various countries which could result in disruption in the operations of reinsurers, IRDAI said.

Govt puts in place stringent disclosure norms for auditor reports of companies; corporate ministry notifies CARO 2020

A specific format has been prescribed for auditors to report the period and the amount of default by the company in repayment of loans or other borrowings or in the payment of interest thereon to any lender.

RBI likely to follow April-March financial year from 2020-21 to align with Centre; proposal sent to govt for approval

Accordingly, the RBI's April-March financial year system in line with the Central government will be effective from 2020-21 and a proposal in this regard has been forwarded to the government for its nod, said a release.

Union Budget 2019: Appropriation Bill empowers govt to withdraw funds from Consolidated Fund of India to meet expenditure

Since 2016, Appropriation Bills in India include an automatic repeal clause as a result of which the Act is repealed after its purpose is met.

Budget 2019: Arun Jaitley’s calculations have gone awry because of a huge shortfall in GST collections

At the current rate, the gap in the actual central GST earned and the central GST that the government hoped that it would earn, will be close to Rs 1,50,000 crore.