The government's regional connectivity scheme UDAN has witnessed slow progress of implementation, as not even 50 percent of the route have been operationalised and the second wave of the pandemic, which started from mid of March 2021, may impact it further going forward, according to a report. Rating agency ICRA in its report on Tuesday said that there is likely to be a further delay of two years in achieving the target of operationalising as many as 100 unserved and underserved airports and starting at least 1,000 RCS routes by 2024.

Over 1.32 lakh declarations entailing disputed tax of Rs 99,765 crore have been filed under the 'Vivad se Vishwas' dispute resolution scheme, Parliament was informed on Monday. In a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the declarations received under the scheme cover around 28.73 percent of the pending direct tax disputes.

Infosys has acknowledged the technical issues in the new Income Tax portal and some of the initial glitches like slow functioning of the portal and non-availability of certain functionalities have been mitigated, Parliament was informed on Tuesday. In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said more than 700 e-mails detailing over 2,000 issues including 90 unique issues/problems in the portal were received from various stakeholders including the Institute of Chartered Accountants of India (ICAI), tax professionals and taxpayers.

Only 10.9 million square feet of office space was leased in India in H1 2021, registering a 38 percent drop, year-on-year.