The return filing process and mandatory return filing requirement for NRIs is broadly similar to that of resident taxpayers, as returns are filed through the same Income Tax e-Filing portal using the applicable ITR form.
RBI has already floated the tender to source materials for the polymer notes with its currency printing arm Bharatiya Reserve Bank Note Mudran Pvt Ltd inviting global expressions of interest. The step assumes significance because India has discarded around Rs 50 trillion worth of soiled notes in the last decade.
The scheme will be implemented through FY2030-31 with an aim to harness India’s vast offshore energy resources – in what the government has termed as a modern day Samudra Manthan.
The scheme has been approved for a period of 5 years. It will support up to Rs 1 crore per MW under the scheme with total outlay of Rs 5070 crore.
Indian Railways is developing an indigenous signalling protocol for high-speed rail called the Bharat Train Control System (BTCS). The system is being designed specifically for Indian operating conditions.
A belated return can still be filed within nine months from the end of the relevant tax year. For the 2025-26 tax year, this means the return can be submitted by December 31, 2026.
Government ministries have offered varied figures regarding fuel efficiency changes. Older vehicles using E20 fuel may see a slight mileage reduction. The Road Transport Ministry cited a 2-6% potential decrease in efficiency. The Petroleum Ministry indicated a general reduction of about 3-5%. Both ministries stressed that fuel economy depends on driving and maintenance factors.
NTT Data Payment Services is developing a hub-based architecture for cross-border retail payments. This strategy aims to connect India’s UPI with other Asian fast payment systems. The company’s Adaptis brand unifies its digital payment suite across various markets. This new model moves away from slow, one-to-one country links. Merchants and consumers will transact seamlessly across
