Home » Business » Economy

Economy - Page 235

Arun Jaitley has introduced a bill to amend the Income Tax law to provide for a 30% tax and a 33% surcharge on such tax plus a penalty of 10% for black money that is deposited.

Can't disclose black money reports as Par Panel examining them:...

Nearly USD 165 bn in illicit money exited the country during the same period, the latest report by the global financial...

4 Feb 2019 1:40 PM IST

Last month, the government had set up the committee to look into all issues, including foreign direct investment norms, pertaining to the e-commerce industry.

Better enforcement of FDI policy on e-comm to push growth of sector:...

e-commerce sector is to keep on growing in the future:Minister of State for Commerce and Industry C R Chaudhary.

4 Feb 2019 1:22 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI policy, quarterly results key drivers for market this week

RBI's policy meet outcome, ongoing quarterly results season and global cues will set the tone for the stock market this...

4 Feb 2019 10:46 AM IST

According to ONGC Eastern Offshore Asset sources, the rig is operating in the 98/2 sector in the sea.

Oil PSU capex drops to 4-yr low for 2019-20

Oil PSUs had invested Rs 89,180 crore in 2014-15.

3 Feb 2019 6:30 PM IST

Since May this year, international shipping companies have been able to move export and import containers along the countrys coasts, after the Indian Shipping Ministry changed its cabotage rules.

Investment in 17 entities under shipping ministry hiked to Rs 5,778 cr...

The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19.

3 Feb 2019 6:21 PM IST

More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA.

Budget proposals positive for tractor, two-wheeler segments: Experts

The impact of the interim Budget 2019-20 is positive for both tractor and two-wheeler segments: ICRA VP Anupama Arora.

3 Feb 2019 6:15 PM IST

In a worrying sign, India reported a fiscal deficit of Rs 6.12 lakh crore for the April-November period.

Difficult for govt to maintain 3.4 pc fiscal deficit in FY'20: Moody's

The govt has pegged the fiscal deficit for the next financial year at 3.4 per cent of GDP, as against the original...

3 Feb 2019 6:05 PM IST

Traders and sellers in the city who usually offer huge discount on products have suddenly stopped offering it in the name of Goods and Services Tax (GST).

Rising revenue trend prompted govt to peg 18 pc rise in FY20 GST...

The collection during this fiscal would be less by Rs 1 lakh crore from the Rs 7.43 lakh crore estimated in the budget...

3 Feb 2019 5:18 PM IST

Prime Minister Narendra Modi cheers as finance minister Piyush Goyal presents the Interim Budget 2019-20 during the Budget Session at Lok Sabha in New Delhi. (Photo: PTI)

Budget 2019: Textiles Ministry budget allocation trimmed to Rs...

Piyush Goyal has proposed Rs 5,831.48 crore budgetary allocation for the textile ministry for 2019-20.

3 Feb 2019 1:14 PM IST

Piyush Goyal (Photo: File)

Budget: Welcome hike in tax exemption limit

The tax benefits for interest earned on bank deposits and home sales are also expected to benefit the middle class.

3 Feb 2019 1:25 AM IST

People who now pay up to Rs 70 lakh property tax per year in each gram panchayat would now have to pay up to Rs 2 crore, after they are upgraded as urban local bodies.

Tax rebates for middle class to benefit travel, tourism sector:...

The focus on tax rebates for the middle class has brought a sigh of relief for them and now they will be able to spend...

2 Feb 2019 6:38 PM IST

Subhash Chandra Garg has replaced Shaktikanta Das as economic affairs secretary. (Photo: PTI)

Fiscal deficit to be 3.3 percent for FY 2018-19: DEA Secretary

Economic Affairs Secretary Subhash Chandra Garg stated that FY2018-19 will end with a fiscal deficit of 3.3 per cent of...

2 Feb 2019 6:02 PM IST