Articles by Ptilast Updated

FinMin seeks industry suggestions on tax changes expected in FY27 Budget

The Finance Ministry has called for suggestions from trade and industry on tax rate changes and ease of compliance expected in the Union Budget for the 2026-27 fiscal to be presented on February 1, 2026. In a customary communication to trade and industry associations in the run-up to the Union Budget, the Revenue Department's Tax Research Unit has asked them to send their suggestions by November 10. The suggestions could be for changes in the duty structure, rates and broadening of the tax base on both direct and indirect taxes, giving economic justification for the same, as well as those relating to easing compliance. "Your suggestions and views may be supplemented and justified by relevant statistical information about production, prices, revenue implications of the changes suggested and any other information to support your proposal," the communication added. The ministry also said that requests for correction of inverted duty structure, if any, for a commodity, should be supported by value addition at each stage of manufacturing of the commodity.Live Events With regard to direct taxes, the ministry said the government policy in the medium term is to phase out tax incentives, deductions and exemptions while simultaneously rationalising the rates of tax.The ministry asked the industry to list out "positive externalities" arising from the direct tax recommendations and their quantification. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onFY27 BudgetFinance Ministry tax suggestionsbudget 2026finance ministrybudget (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onFY27 BudgetFinance Ministry tax suggestionsbudget 2026finance ministrybudget(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories

8 hours ago

Technology

Delhi's air quality 'poor'; minimum temperature lowest for October in two years

ANIIn October 2023, the minimum temperature dipped to 15.9 degrees Celsius and had settled at 17.4 degrees Celsius in the same month last year. New Delhi: Delhi's air quality improved to the "poor" category on Sunday after remaining "very poor" during the day, while the minimum temperature settled at 15.8 degrees Celsius -- the lowest recorded in October in the last two years.The city recorded an Air Quality Index (AQI) of 292, compared to 324 in the morning.However, Anand Vihar recorded "severe" air quality with an AQI of 421. As many as 29 monitoring stations across the city reported "very poor" air quality with AQI readings above 300, according to the Central Pollution Control Board (CPCB) data on the Sameer app.According to the CPCB, an AQI between zero and 50 is considered "good", 51 and 100 "satisfactory", 101 and 200 "moderate", 201 and 300 "poor", 301 and 400 "very poor", and 401 and 500 "severe".The minimum temperature was 1.4 notches below normal, according to the India Meteorological Department (IMD).Live EventsIn October 2023, the minimum temperature dipped to 15.9 degrees Celsius and had settled at 17.4 degrees Celsius in the same month last year.The maximum temperature settled at 33.1 degrees Celsius, 0.2 degree above the seasonal average, the IMD stated.The humidity level stood at 94 per cent at 5.30 pm.The weather department has predicted a generally cloudy sky with light rain or drizzle on Monday, with maximum and minimum temperatures likely to settle around 29 and 18 degrees Celsius, respectively. PTIAdd as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onDelhi air qualityIndia Meteorological Departmentdelhi pollutiondelhi weatherdelhi winter (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onDelhi air qualityIndia Meteorological Departmentdelhi pollutiondelhi weatherdelhi winter(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories

2 days ago

Technology

Delhi: Over 300 schools receive bomb threat mails, turn out hoaxes

Over 300 schools in the national capital received bomb threat emails on Friday morning, prompting authorities to evacuate the premises for a thorough inspection, officials said. According to the fire department, the first alert was received at 8.15 am regarding a bomb threat at the CRPF School in Sector 16, Dwarka. Another threat was reported at 8.20 am from Sant Darshan Public School in Nangloi. At approximately 8.51 am, a similar call came from Shanti Gyan Niketan in the Goyla Dairy area, followed by a fourth threat at 10.33 am from Andhra School in Prasad Nagar. Other affected institutions included Blue Bells International School, DPS Dwarka, Modern School Barakhamba, St Stephen's College, along with numerous government and private schools across North, South, and West Delhi. The threatening email was sent by a group identified as 'Terrorizers 111', which has a history of sending similar threats, officials said.Live Events The sender claimed that C4 explosives had been placed around the school buildings and demanded a response within 24 hours, stating, "You have 24 hours to react or face the blood pool." However, the bomb threat was later determined to be a hoax. Multiple teams from the Delhi Fire Service, local police, bomb disposal units, and dog squads were dispatched to each location. An official stated, "All premises were thoroughly checked, and no suspicious items were found. The calls were declared hoaxes after verification."Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onst stephen s collegesant darshan public schoolprasad nagarmodern school barakhambagoyla dairydelhi fire serviceandhra schoolnangloiwest delhicrpf school (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onst stephen s collegesant darshan public schoolprasad nagarmodern school barakhambagoyla dairydelhi fire serviceandhra schoolnangloiwest delhicrpf school(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories

4 days ago

Technology

Delhi govt announces public holiday on October 27 for Chhath festival

Delhi Chief Minister Rekha Gupta on Friday announced that October 27 will be a government holiday on the occassion of Chhath festival, said a statement from the CMO.The chief minister explained that the holiday is being observed on Monday because the third day of this four-day festival is the most important one, it said.On this day, devotees offer prayers to the setting Sun at riversides or ponds. Preparations begin early in the morning, with families performing various rituals. Considering this, the government has declared October 27 a public holiday, said the statement from the Delhi Chief Minister's Office (CMO).Extending her greetings to devotees, Gupta said that Chhath is a festival dedicated to nature, where people worship the Sun God and 'Chhathi Maiya'.The festival is also a symbol of faith, devotion, and cleanliness, sending a message of environmental protection through the worship of nature, water, and the Sun, she added. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onDelhi government holidayChhath festivalOctober 27 holidayRekha GuptaSun worship festivalDelhi Chief Minister's Office (CMO)sundelhiChhath PujaChhath Pooja (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onDelhi government holidayChhath festivalOctober 27 holidayRekha GuptaSun worship festivalDelhi Chief Minister's Office (CMO)sundelhiChhath PujaChhath Pooja(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories

4 days ago