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TREND | 23 Apr 2025

Jharkhand achieves over 86% revenue collection target in FY25: Minister

Business Standard

Jharkhand Finance Minister Radhakrishna Kishore on Wednesday said that the state collected Rs 92,189.10 crore in revenue during the 2024-25 financial year (FY'25), achieving 86.16 per cent of the Rs 1,06,999.57 crore target. Including non-tax receipts, the overall collection reached Rs 1,03,469.82 crore against a target of Rs 1,28,900 crore, he said. Kishore said that the overall collection was "satisfactory", considering the impact of two electionsLok Sabha and assembly pollsheld last year, which affected revenue mop-up. According to data provided by the minister, the share of central taxes mopped up till March 2025 was Rs 42,557.30 crore, achieving 105.50 per cent of the estimated collection of Rs 40,338.22. The state received Rs 9,063 crore in grants-in-aid, which is only 53.43 per cent of the Rs 16,961 crore target, he said. The minister said that the commercial taxes department collected Rs 22,292.25 crore against a target of Rs 26,000 crore for the financial year 2024-25, ..

India Policy and Reforms

TREND | 23 Apr 2025

BluSmart appoints Grant Thornton for forensic audit, sources say

Business Line

BluSmart suspended services last week after SEBI barred its co-founder Anmol Jaggi from the securities market for alleged diversion of funds from his listed affiliate company, Gensol

SEBI Secondary Market Panel May Discuss F&O Norms Impact On May 7 MeetProfit Exclusive

NDTV Profit | 23 Apr 2025 9 more

India Policy and Reforms

TREND | 23 Apr 2025

Finance Minister Sitharaman cuts short US, Peru visit after J-K terror attack

Business Line

26 people, most of them tourists, were killed after terrorists opened fire on them at a famed meadow near Kashmir's Pahalgam

Meet the new FinMin top honchos

Business Line | 22 Apr 2025 5 more

India Policy and Reforms

TREND | 22 Apr 2025

Sebi revises NAV cut-off timings for MF overnight scheme redemptions

Business Standard

Markets regulator Sebi on Tuesday announced a change in cut-off timings to determine the net asset value (NAV) with respect to repurchase or redemptions of units in overnight schemes of mutual funds. The changes will allow time for stock brokers (SBs), or clearing members (CMs) to un-pledge units of Mutual Fund Overnight Schemes (MFOS) and place redemption requests with mutual funds, after the close of market hours. For applications received up to 3 pm, the closing NAV of day immediately preceding the next business day will be applicable. For applications received after 3 pm, the closing NAV of the next business day will be applicable, Sebi said in its circular. However, in case application is received through online mode, the cut-off timing of 7 pm will be applicable for overnight fund schemes, it added. The new timings will become effective from June 1. Investment in Mutual Fund Overnight Schemes (MFOS) is a new avenue made available to stock brokers or clearing members to deplo

India Policy and Reforms

TREND | 21 Apr 2025

R&D services for cancer diagnosis does not qualify for GST exemption as healthcare services', says Maha AAR

Business Line

Epigeneres Biotech Private Ltd had moved MAAR seeking advance ruling on whether the provision of diagnostic services would qualify for exemption from GST

Central, State GST officers detect 25,009 fake firms fraudulently passing 61,545 crore ITC in FY25

Business Line | 21 Apr 2025 1 more

India Policy and Reforms

TREND | 21 Apr 2025

Sebi circular on frauds: Verify registration before taking investment tips

Business Standard

Anyone claiming to be a Sebi-registered investment advisor or research analyst must provide a valid registration number

India Policy and Reforms

TREND | 20 Apr 2025

Alternative investment funds tell Sebi: One exam doesn't fit all

Business Standard

Push for a category split in certification as clock ticks down

India Policy and Reforms

TREND | 20 Apr 2025

Dealing with corporate governance failures

Business Line

SEBI's interim report in Gensol Engineering case raises concerns about how related party deals can be brought to book

India Policy and Reforms

TREND | 20 Apr 2025

Sebi finds only 2-3 labourers, no EV production at Gensol's Pune unit

Business Standard

Markets regulator Sebi has said it found "no manufacturing activity" at Gensol Engineering's electric vehicle (EV) plant in Pune with only 2-3 labourers present when a National Stock Exchange (NSE) official visited the site. These revelations were part of markets regulator Sebi's interim order issued on April 15 following a complaint received in June 2024 alleging manipulation of Gensol's share price and misappropriation of funds. In its order, the Securities and Exchange Board of India (Sebi) found discrepancies as well as misleading disclosures to investors by Gensol Engineering, a company promoted by brothers Anmol Singh Jaggi and Puneet Singh Jaggi. One of the disclosures came from an investigation conducted by the NSE, which revealed a lack of manufacturing activity at Gensol's EV plant -- Gensol Electric Vehicle Private Ltd -- at Chakan in Pune. During a site visit to the facility on April 9, an NSE official found only 2-3 labourers present. "It was found that there was no .

India Policy and Reforms

TREND | 20 Apr 2025

GENtlemen, SOLve This Mess You've Created

NDTV Profit

While SEBI probes Gensol for share manipulation and fund diversion, scrutiny also turns to public sector lenders like IREDA and PFC that disbursed large sums with limited oversight.