New Delhi, March 30 (IANS) The Central government’s fiscal deficit touched 80.4 per cent of the budgeted target by the end of the first 11 months from April to February of the financial year 2025-2026, reflecting a strong fiscal position, according to figures released by the Comptroller General of Accounts on Monday.The gap between the government’s expenditure and revenue stood at Rs 12.53 lakh crore from April to February, against the full-year target of Rs 15.58 lakh crore. In the same perio…
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New Delhi, Feb 23 (IANS) India and France have signed an amending protocol to boost investment and strengthen economic cooperation, which aligns tax treaty with international standards, it was announced on Monday.The amending protocol provides full taxing rights in respect of capital gains arising from sale of shares of a company, to the jurisdiction where such company is a resident.It also deletes the so-called Most-Favoured-Nation (MFN) Clause from the Protocol to the India-France Double Taxat…
Mumbai, Jan 6 (IANS) Banks will be allowed to declare dividends or remit profits only if they meet strict financial and regulatory conditions, according to a draft framework released by the Reserve Bank of India (RBI) on Tuesday.The move aims to ensure that profit payouts do not weaken the financial health of banks.Under the proposed rules, banks must comply with all regulatory capital requirements at the end of the previous financial year and continue to meet these norms in the year when divide…