Business
Anonymous Taxpayer Owes 11 Percent of India's Individual Income Tax For 2014-15
The tax liability of individuals, Hindu undivided families (HUF), companies and other entities in assessment year 2014-15 was Rs 446,719 crore, an increase of 13 percent from the previous year.
RBI Governor Tells Parliament Panel Note Ban Request Came From Govt
Reserve Bank governor Urjit Patel told the Parliamentary standing committee on Finance on Wednesday that the request for considering demonetisation came from the Central Government on November 7 and that the RBI board gave its recommendation the next day.
Five General Insurers to be Listed, Government Stake to Fall to 75%
In a major decision on divesting stake in state-run general insurance companies, the Cabinet on Wednesday approved the public listing of 5 firms by which the government's shareholding in them would be brought down to 75 percent.
Domestic Air Passenger Traffic up 23% in 2016: DGCA
India's domestic air passenger traffic zoomed by 23.18 per cent in 2016 to 998.88 lakh, official data showed on Tuesday.
Petrol Price Hiked by 42 Paise a Litre, Diesel by Rs 1.03
Petrol will cost Rs 71.13 a litre from midnight as against Rs 70.60 currently. Similarly, a litre of diesel will be priced at Rs 59.02 as opposed to Rs 57.82 currently.
Govt Mulls Raising FDI Limit in Print Media to 49 %
The government is considering a proposal to increase foreign direct investment (FDI) limit in print media sector to 49 per cent from 26 per cent at present.
RBI May Cut Repo Rate by 25 Basis Points in February, Says HSBC Report
With uncertanity over implementation of GST, rising crude oil prices and the challenging 4 percent CPI in medium term, Reserve Bank may cut repo rate for the final time by a 25 basis points in the February policy, says a report.
Factory Output Grows 5.7 pc in November, Shrugs Off Slowdown Fears
Belying expectations of a slowdown due to demonetisation, industrial production in November grew by 5.7 per cent compared to a contraction of 3.4 per cent in the same month a year ago.
We Will Now See Competition Between Traditional, Payments Banks: Jaitley
Finance Minister Arun Jaitley on Thursday said the launch of payments bank will now initiate competition between traditional banking and these new banks.
Industry Needs Three Months to Implement GST, Says FICCI
Industry needs at least three months to implement the GST after finalisation of rules and other norms, new Ficci President Pankaj Patel said.
US Dollar Ends Stable Against Rupee at 67.96/97
The US dollar ended stable against the rupee at 67.96/97 per dollar and the pound sterling finished higher at Rs 84.01/03 at the Interbank Foreign Exchange (FOREX) market in Mumbai on Friday.
Rupee Hits 1-month Low on Dollar Buoyancy, Ends at 68.33
Despite a stellar opening rally, the home currency succumbed to fag-end dollar pressure.
Demonetisation Fallout? Investments in India Fall by over 50 Percent
New investments in the Indian economy fell by as much as 50% in the last quarter of 2016, compared to the average figure of the previous nine quarters, data released by Centre for Monitoring Indian Economy (CMIE) suggests.
Government to Sell 4 Dated Securities Worth Rs 11,000 cr on Jan 6
The government will sell four dated securities amounting to Rs 11,000 crore on January 6, the Reserve Bank said on Monday.
Expect Normalcy in Banking System by February-end: SBI Chairperson
Referring to the rate cut announced on Sunday, Bhattacharya said: "This is a liquidity-driven rate cut. The liquidity in the system in unprecedented, in terms of the fact that what we did in the first nine months of the year, we have done one-and-half tim...
ONGC to Upgrade Satellite Network
State-run explorer ONGC says it has selected the Hughes JUPITER system of broadband satellite solutions provider Hughes Communications India to upgrade its network.
