The Finance Ministry briefed the members of a Select Committee on the new Income Tax Bill, which aims to simplify the six-decade-old Act and make it user-friendly. The Bill, introduced by Finance Minister Nirmala Sitharaman, will replace terms like “assessment year” with “tax year”. The 31-member committee, led by BJP MP Jay Panda, will report by the Monsoon session.
FIIs remain net buyers in May, infuse Rs 18,082 crore into Indian equities
Foreign Institutional Investors (FIIs) have shown renewed confidence in Indian equities, becoming net buyers for the second consecutive month. May saw a net inflow of
May 31, 2025