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New Delhi, Apr 1 (PTI) The Municipal Corporation of Delhi (MCD) has recorded a 46 per cent rise in property tax collection in 2025-26, due to improved compliance, enforcement measures and the property amnesty scheme. According to an official statement issued by the civic body on Wednesday, property tax collection surged 46.12 per cent to Rs 3,116.62 crore in FY26 from Rs 2,132.89 crore collected in the previous financial year. The number of taxpayers increased 19.36 per cent to 13,52,562 in 20 ...Read More >
New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (IBC) to provide faster resolutions, reduce case backlog and strengthen the financial ecosystem. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Replying to a short discussion on the bill in the Rajya Sabha, Finance Minister Nirmala Sitharaman said the IBC has contributed to the health of ...Read More >
New Delhi, Aug 25 (PTI) The Finance Ministry on Monday introduced a one-time one-way switch facility from the newly introduced Unified Pension Scheme (UPS) to the National Pension System (NPS). From April 1, 2025, the government has introduced UPS as an option under the National Pension System (NPS) for central government employees. UPS will provide assured payouts to the employees. Around 31,555 central government employees have opted for the Unified Pension Scheme (UPS) till July 20, and the ...Read More >
New Delhi, July 19 (SocialNews.XYZ) Delhi PWD and Water Minister Parvesh Sahib Singh on Saturday promised a complete transformation of the capital's ageing water infrastructure within a year, blaming decades-old pipelines and previous government negligence for the ongoing water crisis. During a visit to D-Block Gole Market, Gurudwara Flats in Rakabganj, and Type-II Flats in Sarojini Nagar, Singh highlighted the alarming state of Delhi's water pipelines. "There are places in Delhi where pipelin ...Read More >
Mumbai, Jul 19 (PTI) ICICI Bank on Saturday posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the quarter, up 15.5 per cent from Rs 11,059 crore a year ago. Its core net interest income increased 10.6 per cent to Rs 21,635 crore on the back of a 12 per cent domestic loan growth ...Read More >
New Delhi, May 23 (PTI) The GST Council is likely to meet soon to discuss rate simplification and rationalisation and the future of compensation cess, according to a source. "There are three or four different aspects relating to making GST simpler. We will take up the issue of compensation cess, rate rationalisation and simplification," the source said. The GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting in December last year, did not take up th ...Read More >
New Delhi, May 22 (PTI) Interarch Building Solutions has posted a 30 per cent increase in its net profit to Rs 38.68 crore for the fourth quarter of the last financial year on higher revenue. Its net profit stood at Rs 29.69 crore in the year-ago period. The total income of Interarch Building Solutions, which is in the Pre-Engineered Building (PEB) industry, rose to Rs 470.58 crore in the January-March period of 2024-25 from Rs 390.23 crore in the corresponding period of the preceding fiscal. ...Read More >
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