
FM directs CBDT to fast-track redressals
New Delhi: Finance Minister Nirmala Sitharaman on Monday directed the Central Board of Direct Taxes (CBDT) to significantly reduce pendency in grievance redressal mechanisms such as CPGRAMS and e-Nivaran pertaining to the department. She also emphasised that prompt and time-bound disposal of taxpayer grievances is essential for ensuring responsive governance.
Chairing the Conclave of Principal Chief Commissioners of Income-tax here, the minister was apprised about key performance indicators.Out of the total 160,229 grievances (CPGRAMS and E-nivaran) for FY 2025-26, 1,31,844 grievances were resolved (up to 17.06.2025), leading to 82.28 per cent disposal. Refunds issued for FY 2025-26 (as on June 19) saw 58.04 per cent annual growth, showing better taxpayer services.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

The Wire
2 hours ago
- The Wire
IndusInd Bank Honoured for Outstanding Performance in Digital Payments by the Department of Financial Services, Ministry of Finance
• The award was presented at the Digital Payments Awards ceremony held at Vigyan Bhavan, New Delhi on June 18, 2025, and graced by Hon'ble Union Minister of Finance Smt. Nirmala Sitharaman among other dignitaries MUMBAI, India, June 23, 2025 /PRNewswire/ -- IndusInd Bank announced that it has received the Digital Payments Award 2023-24 from the Department of Financial Services (DFS), Ministry of Finance - Government of India. The Bank earned this recognition by securing third position among private sector banks for delivering outstanding performance in digital payments during the financial year 2023–24. The award ceremony, which took place on June 18, 2025, at Vigyan Bhavan, New Delhi, was graced by the Union Minister of Finance Smt. Nirmala Sitharaman as the Chief Guest, and Shri Pankaj Choudhary, Minister of State for Finance as the Guest of Honour, among other dignitaries. This award stands as a testament to IndusInd Bank's unwavering commitment towards advancing its digital capabilities and delivering a secure, scalable and innovative digital payment solutions that empower millions across the country. As per the official scorecard released by the Department of Financial Services, the Bank achieved 120% of its digital transaction target in FY23-24 - highest among all private sector banks in India. The award was presented to IndusInd Bank - Mr. Ritesh Raj Saxena, Head of Direct Banking and Mr. Dev Ratan Suri, Head - SDG (Payments, Cards and Govt Business) by Shri M. Nagaraju, Secretary, Department of Financial Services and Dr. Abhijit Phukon, Economic Advisor, DFS, at the Digital Payments Award ceremony. Speaking on this achievement, Mr. Soumitra Sen – Head of Consumer Banking & Marketing, IndusInd Bank, said, "We are honoured and grateful to the Department of Financial Services, Ministry of Finance, for conferring us with this award and recognizing IndusInd Bank's efforts in driving digital adoption across the country. This recognition reinforces our resolve to continuously innovate and offer our customers intuitive, secure, and personalised banking experiences through our differentiated platforms, such as INDIE. We remain committed to supporting India's digital journey and making banking accessible and effortless for every segment of society." IndusInd Bank, under its Digital 2.0 strategy, continues to deliver seamless, inclusive, and innovation-led financial experiences. Our flagship app, INDIE, highly rated financial app on the App Store is redefining retail banking with 1.6 million active users. The bank's digital credit platform processed 1.2 million applications monthly through fully digital journeys. With an overall digital transaction mix at 93% (as of March 31, 2025), IndusInd Bank remains at the forefront of India's digital payments space. About IndusInd Bank: IndusInd Bank Limited has been redefining banking for the past 30 years and has been a force for progression and innovation, offering an elevated banking experience for its diverse range of stakeholders, including government entities, PSUs, retail customers, and large corporations. The Bank's product offerings include microfinance, personal loans, debit/credit cards, SME loans, advanced digital banking facilities, affluent and NRI banking services, vehicle financing, and innovative ESG-linked financial products. The Bank also caters to the growing Indian diaspora with representative offices in London, Dubai, and Abu Dhabi. As of March 31, 2025, IndusInd Bank serves approximately 41 million customers through 3,081 branches/banking outlets and 3,027 ATMs, reaching 1,62,000 lacs villages across India. IndusInd Bank leverages technology through its 'Digital 2.0' strategy, ensuring multi-channel delivery and a robust digital infrastructure. In each of its unique offerings that include 'INDIE' – the one-stop-shop for all things digital banking; innovation and customer centricity remain at the core. IndusInd Bank holds clearing bank status for major stock exchanges BSE and NSE, settlement bank status for NCDEX, and is an empanelled banker for MCX. RATINGS Domestic Ratings: • CARE A1 for Certificate of Deposits • CRISIL A1 for certificate of deposit program / short term FD programme • CRISIL AA for Infrastructure Bonds program/Tier 2 Bonds • IND AA for Issuer Rating by India Ratings and Research • IND AA for Senior bonds program/Tier 2 Bonds by India Ratings and Research International Rating: • Ba1 for Senior Unsecured MTN programme by Moody's Investors Service Visit us at Twitter: @MyIndusIndBank Facebook: Linkedin: Instagram: indusind_bank (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).


Time of India
3 hours ago
- Time of India
Next-generation digital highway: Delhi's Dwarka Expressway gets India's first AI-powered smart traffic system; check top features
India has launched its first Advanced Traffic Management System (ATMS) project on the in Delhi on Wednesday. The initiative complies with the National Highways Authority of India's (NHAI) latest 2023 guidelines, advancing towards intelligent and secure highways. Tired of too many ads? go ad free now The ATMS implementation spans the Dwarka Expressway and a 28-km section of NH-48, stretching from Shiv Murti to Kherki Daula, establishing a contemporary digital highway infrastructure. IHMCL (Indian Highways Management Company Ltd) developed the system, with NHAI overseeing its implementation. Covering 56.46 kilometres, this project serves as a national benchmark for artificial intelligence-based traffic administration and road safety measures, according to an ANI report. India's first AI-powered smart traffic system The ATMS project has several key elements, with traffic monitoring cameras and video incident detection and enforcement systems being primary components. According to Amrit Singha, Chief Product Officer of IHMCL, the ATMS incorporates various features to identify traffic rule violations, including detection capabilities for seatbelt non-compliance, triple riding incidents, and speed limit breaches. "Through all these, we are able to detect approximately 14 different types of incidents, including overspeeding, no seatbelt, and triple riding, so these are all challanable incidents as per the Motor Vehicle Act," Singha told ANI. The IHMCL representative elaborated on road safety initiatives, explaining that NHAI implements various information dissemination programmes. The organisation utilises ATMS to enhance public awareness about road safety amongst citizens, particularly those who use roads. Technology serves as a vital tool in achieving road safety objectives for the public. The infrastructure includes integration with the NIC E-challan portal, which communicates traffic violations to the relevant police authorities. Tired of too many ads? go ad free now NHAI has stated that ATMS spans 56.46 km, with 28.46 km situated along the Dwarka Expressway whilst the remaining portion extends across NH-48. The official communication outlined five primary elements of the ATMS infrastructure. These include a Traffic Monitoring Camera System (TMCS) featuring 110 high-resolution PTZ cameras installed at 1-km intervals with round-the-clock surveillance, Video Incident Detection and Enforcement System (VIDES), Vehicle Actuated Speed Display System (VASD), Variable Message Signboards (VMS), and a Central Control Room. "The Command Centre acts as the digital brain of the corridor, integrating with local and national systems to enable quick deployment of emergency units during accidents, fog conditions, road obstructions, or animal intrusion. This data-driven management ensures shorter response times, fewer delays, and safer commutes," the statement read. The innovative ATMS implementation is now considered a nationwide benchmark for artificial intelligence-driven traffic management and road safety protocols.
&w=3840&q=100)

Business Standard
3 hours ago
- Business Standard
ITR-2, ITR-3 delay decoded: Changes, challenges, and what's next
With the income tax return (ITR) filing season underway, millions of taxpayers are in limbo as the utilities for ITR-II and ITR-III are still not live on the Income Tax e-filing portal. These forms cater to salaried individuals with capital gains, professionals, and business owners, not the simplest of categories, and yet, they cannot file returns at the moment. The Central Board of Direct Taxes (CBDT) has extended the due date for filing ITR-II and ITR-III to September 15, 2025, but experts warn against complacency. Why the delay? According to Ritika Nayyar, partner at Singhania & Co, the delay stems from major structural changes to the ITR forms for AY 2025–26. 'These changes required backend system upgrades, utility reprogramming, and extensive validation,' she explains. Niyati Shah, chartered accountant and vertical head, personal tax at '1 Finance', highlights backend synchronisation issues with the Annual Information Statement (AIS) and Taxpayer Information Summary (TIS), along with efforts to align disclosures with international reporting standards and recent CBDT circulars. Sameer Mathur, managing director and founder of Roinet Solutions, adds that updates are necessary for capital gains, foreign asset reporting, and presumptive income, all of which make the utility more complex than previous years. What should taxpayers do now? Experts unanimously advise proactive preparation. -Reconciling AIS, TIS, and Form 26AS -Verifying dividend, interest, and capital gains data -Computing deductions under Chapter VI-A -Ensuring advance tax payments to avoid interest under Section 234B Nayyar adds, 'Having your income computation, deduction proofs, and business ledgers ready will make filing seamless once utilities are out.' Will refunds and deadlines be impacted? Though the deadline is extended, the shorter filing window may create bottlenecks. 'Compressed timelines can result in rushed filings, errors, and refund delays,' Shah warns. Taxpayers may even face interest under Section 234A if they file after September 15 despite the systemic delays, Mathur cautions. Extra caution needed once forms are live Once utilities are released, double-check pre-filled data, cautions Nayyar. Mismatches between AIS/TIS and reported income are among the most common triggers for notices. Shah advises avoiding assumptions based on last year's forms. 'Validation logic and schema have changed. Engaging a CA is prudent.' Background: What changed in the ITR Forms this year? According to Naveen Wadhwa, vice-president at Taxmann, several changes in the new forms triggered this delay. -LTCG threshold for ITR-1/4 relaxed to ~1.25 lakh under Section 112A -New tax regime opt-out process modified (Form 10-IEA) -Capital gains reporting restructured of released forms based on the July 23, 2024, transition date New disclosures added for dividend income from buy-backs, foreign assets, and pass-through incomes under Section 115U Bottom line: If you're a professional, business owner, or high-income salaried individual, don't wait for the utility to get started. Use this time to get your tax file clean, reconciled, and ready for swift, accurate submission.