New Delhi, April 3 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that the government may review around five crore pending cases relating to minor offences following the passage of the Jan Vishwas (Amendment of Provisions) Bill, 2026, as part of reforms to facilitate the ease of doing business. Addressing a press conference, Goyal said prosecutors could approach the courts to close such cases in accordance with the new provisions, which aim to reduce criminal proceedings in…
Latest Compliance News & Updates
New Delhi, April 1 (IANS) Domestic gross GST collections rose 8.8 per cent year-on-year to Rs 2 lakh crore in March 2026, driven by steady domestic revenues and a sharp uptick in import-related collections, according to official data released on Wednesday.Gross GST revenue stood at Rs 2,00,064 crore in March, compared to Rs 1,83,845 crore in the same month last year. The growth was led by a strong 17.8 per cent rise in import revenues, while domestic revenues increased at a relatively moderate p…
New Delhi, March 23 (IANS) India is set to roll out the new Income Tax Act, 2025 from April 1, 2026, but taxpayers need not worry about filing this year as returns can be prepared and filed under the existing Income Tax Act, 1961, officials and tax experts said, ensuring a smooth, year‑wise transition.The current law will continue to apply for this filing cycle, they said, adding that the government is adopting a clear, phased approach.Income for FY26 (April 1, 2025–March 31, 2026) will be a…
Washington, March 18 (IANS) The US is expanding its visa bond programme to cover 50 countries from April 2, requiring foreign nationals seeking B1 and B2 visas for business and tourism to post a $15,000 bond, the State Department said Wednesday. The bond will be returned to visa holders who comply with the terms of their stay and leave the US on time, or if they do not travel.The move is aimed at curbing illegal overstays, which U.S. authorities say have been significantly reduced under the prog…
New Delhi, Feb 21 (IANS) When it comes to innovation in Pakistan, every new system, manual, or reform announcement struggles to escape the perception that it is designed as much to manage optics as to deliver results, according to a new report.Business Recorder writes that the Federal Board of Revenue’s (FBR’s) latest attempt to tighten tax collection through a withholding mechanism on digitally ordered goods appears “sensible on paper”.However, this initiative inevitably revives an olde…
Washington, Feb 6 (IANS) Artificial intelligence has emerged as a priority risk for the US financial system, with Treasury Secretary Scott Bessent telling Congress that regulators are stepping up oversight of how AI is used across markets and institutions.Testifying before the Senate Banking Committee, Bessent said AI is one of four focus areas in the Financial Stability Oversight Council’s 2025 annual report. “The council is prioritizing the responsible use of artificial intelligence to str…
New Delhi, Jan 12 (IANS) The Bureau of Indian Standards (BIS), under the Ministry of Consumer Affairs, Food and Public Distribution, has reaffirmed its commitment to enhancing quality and safety in Ayurveda through robust standardisation.The BIS successfully organised a national-level workshop in collaboration with the Manipal Academy of Higher Education (MAHE) through its Division of Ayurveda, Centre for Integrative Medicine and Research.The event, exclusively designed for faculty members, rese…
Mumbai, Jan 10 (IANS) Markets regulator Securities and Exchanges Board of India (SEBI) has proposed a comprehensive overhaul of trading‑related rules at stock exchanges to consolidate overlapping provisions and ease compliance for market participants.The consultation paper recommended merging overlapping provisions on trading, price bands, circuit breakers, bulk and block deal disclosures, call auctions and liquidity enhancement schemes, according to an official statement.The regulator propose…