The government has announced a comprehensive review of the Income Tax Act to address several key issues. Announcing the decision during her Budget 2024 speech, Finance Minister Nirmala Sitharaman announced that it will undertake a comprehensive review of the Income Tax Act to make it easy to read. By making the Income Tax Act more user-friendly and efficient, the government …
The Finance Ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government. "We have asked banks to undertake comprehensive review of the gold loan business," Financial Services Secretary Vivek Joshi told PTI. The country's biggest lender, State Bank of India alone has a gold loan …
To facilitate smooth functioning of Asset Reconstruction Companies, the Reserve Bank of India on Wednesday decided to set up a panel to undertake a comprehensive review of the working of such institutions. "Since then, ARCs have grown in number and size but their potential for resolving stressed assets is yet to be realised fully," RBI Governor Shaktikanta Das said on …
