Financial Year 2024 News - Latest Updates & Headlines
ARCs to see better recovery rates in retail stressed assets next fiscal
New Delhi, March 25: Asset Reconstruction Companies (ARCs) are expected to see an improvement in the redemption rate of Security Receipts (SRs) issued for stressed retail assets in the next financial year, a new report said on Tuesday.
Public sector banks' dividend payout rises 33 pc in FY24: Centre
New Delhi, March 23: Public sector banks (PSBs) in India have shown significant financial improvement, as their dividend payouts increased by 33 per cent to Rs 27,830 crore in the financial year 2023-24.
India's direct tax collections surge 16.2% to Rs 25.9 lakh crore as of March 16
New Delhi, March 17: India's direct tax collections have witnessed a robust growth of 16.15 per cent year-on-year, reaching Rs 25.86 lakh crore in the financial year 2024-25 (as of March 16, 2025), as per the latest data released by the Central Board of Direct Taxes (CBDT).
India's direct tax collections surge 19.06 pc YoY to Rs 21.88 lakh cr as of Feb 10
New Delhi, February 12: India's direct tax collections have witnessed a robust growth of 19.06 per cent year-on-year (YoY), reaching Rs 21.88 lakh crore in the financial year 2024-25 (up to February 10, 2025), as per the latest data released by the Income Tax Department.
EPFO achieves milestone of settling over 5 crore claims in FY 2024-25: Mansukh Mandaviya
New Delhi, February 6: Union Labour and Employment Minister Dr Mansukh Mandaviya has said that Employees' Provident Fund Organisation (EPFO) has achieved a historic milestone by crossing the 5 crore claims settlement mark for the first time in its history in a fiscal year.