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CBDT refuses reports about Income Tax notices to Durga Puja Committees

CBDT refuses reports about Income Tax notices to Durga Puja Committees

The CBDT added that based on information that several contractors who were doing work for the committees were not paying due taxes, notices were issued in December, 2018 to about 30 committees,

Aug 13, 2019, 23:56 PM IST
CPI Inflation marginally eases to 3.15% in July

CPI Inflation marginally eases to 3.15% in July

Retail inflation is a crucial data point, keenly watched by the Reserve Bank while deciding its monetary policy.

Aug 13, 2019, 17:44 PM IST
Piyush Goyal urges companies to come with substantial outcomes at high-power delegation meet in Russia

Piyush Goyal urges companies to come with substantial outcomes at high-power delegation meet in Russia

Goyal led a high-power delegation of Chief Ministers of Haryana, Gujarat, Uttar Pradesh and Goa and about 140 Indian companies to Vladivostok in Russia from August 11-13.

Aug 13, 2019, 14:14 PM IST
Income Tax department busts inter-state tax theft worth Rs 700 crore

Income Tax department busts inter-state tax theft worth Rs 700 crore

As many as 55 places were raided by the Income Tax department in Tamil Nadu, including Chennai, Coimbatore, Thanjavur, etc and also in Kerala, Andhra Pradesh and Goa.

Aug 11, 2019, 12:05 PM IST
India's Industrial Production grows 2% in June

India's Industrial Production grows 2% in June

In terms of industries, eight out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of June 2019 as compared to the corresponding month of

Aug 09, 2019, 18:16 PM IST
At no point do we want to make it difficult for industry: Sitharaman

At no point do we want to make it difficult for industry: Sitharaman

The Minister mentioned the possibility of reviewing some of the milestones in relation to infrastructure. In particular, projects with a bearing on the core sectors and job creation may be brought

Aug 09, 2019, 18:02 PM IST
Govt opens registration for PM Kisan Maan Dhan Yojana; sets target of 10 crore beneficiaries for this year

Govt opens registration for PM Kisan Maan Dhan Yojana; sets target of 10 crore beneficiaries for this year

The scheme is voluntary and contributory for farmers in the entry age group of 18 to 40 years and a monthly pension of Rs 3000 will be provided to them on attaining the age of 60 years.

Aug 09, 2019, 17:32 PM IST
FPI tax: Nomura, Morgan Stanley, Citi, Fidelity may meet FM

FPI tax: Nomura, Morgan Stanley, Citi, Fidelity may meet FM

The FPIs are likely to raise issues such as the recently-introduced tax surcharge and seek either full rollback or suitably tweaked to keep them out of the higher tax net.

Aug 09, 2019, 15:02 PM IST
India's domestic air traffic rose 7.9% in June: IATA

India's domestic air traffic rose 7.9% in June: IATA

IATA announced that global passenger traffic results for June 2019 showing that demand rose by 5.0 percent compared to June 2018.

Aug 08, 2019, 16:19 PM IST
Booking e-ticket on IRCTC may cost more for Rail passengers, Service Charges likely to be back

Booking e-ticket on IRCTC may cost more for Rail passengers, Service Charges likely to be back

Sources told Zee Media that the Finance Ministry has written a letter to the Railways department asking it to use its discretion on levying service charge on booking online tickets.

Aug 08, 2019, 15:12 PM IST
Industry leaders to meet FM Nirmala Sitharaman, press for Rs 1 lakh crore stimulus package: Sources

Industry leaders to meet FM Nirmala Sitharaman, press for Rs 1 lakh crore stimulus package: Sources

Business leaders meeting the finance minister include Uday Kotak, TV Narendran, Sandip Somani, BK Goenka, Sajan Jindal, Sunil Mathur, Anil khaitan, Sanjiv Puri, Rishab Premji, Sangeeta Reddy, Dilip

Aug 08, 2019, 11:53 AM IST
Rajya Sabha passes Consumer Protection Bill 2019

Rajya Sabha passes Consumer Protection Bill 2019

The Bill was passed by the Lok Sabha on 30th July, 2019 and was passed by Rajya Sabha through a voice vote. The Bill will replace the more than three decades old Consumer Protection Act, 1986.

Aug 07, 2019, 12:27 PM IST
RBI revises GDP growth forecast for 2019-20 to 6.9% from 7.0%

RBI revises GDP growth forecast for 2019-20 to 6.9% from 7.0%

In the MPC’s June resolution, real GDP growth for 2019-20 was projected at 7.0 percent – in the range of 6.4-6.7 percent for H1:2019-20 and 7.2-7.5 percent for H2 – with risks evenly balanced.

Aug 07, 2019, 12:16 PM IST
RBI cuts repo rate by 35 basis points in third bi-monthly monetary policy

RBI cuts repo rate by 35 basis points in third bi-monthly monetary policy

The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate borrowers. This is RBI's second monetary policy after Modi 2.0 took charge

Aug 07, 2019, 11:49 AM IST
After abrogating Article 370, Modi govt to go big on Infra projects in Jammu and Kashmir

After abrogating Article 370, Modi govt to go big on Infra projects in Jammu and Kashmir

Prime Minister Narendra Modi may make some major announcements related to Infra projects for Jammu and Kashmir on August 15, sources told Zee Media.

Aug 06, 2019, 18:03 PM IST
Coal Ministry starts process of auction of 27 coal mines

Coal Ministry starts process of auction of 27 coal mines

The last date of registration of bidder and sale of tender document is September 13 and bid due date is September 19, an official release said.

Aug 06, 2019, 13:43 PM IST
Delhi airport gets future ready, likely to handle 100 million passengers by 2022

Delhi airport gets future ready, likely to handle 100 million passengers by 2022

As per the proposed plan, the entire Terminal 1 apron will be expanded and a fourth runway will be constructed.

Aug 06, 2019, 09:10 AM IST
Government comes up with draft guidelines to protect online shoppers

Government comes up with draft guidelines to protect online shoppers

Online shoppers can soon rest assured that if they have any complaints about products or service from an e-commerce site, it would be speedily looked into and resolved.

Aug 05, 2019, 23:37 PM IST
Nirmala Sitharaman dismisses concerns related to Indian economy slowing down

Nirmala Sitharaman dismisses concerns related to Indian economy slowing down

FM decided to take review and feedback meeting with MSME on Tuesday, Auto sector on Wednesday, followed by industry sector,  markets & finances and finally with real estate sectors.

Aug 05, 2019, 17:03 PM IST
Delhi airport starts next round of expansion, to handle 100 mn passengers yearly

Delhi airport starts next round of expansion, to handle 100 mn passengers yearly

The overall development plan under Phase 3A is expected to be completed by June 2022.

Aug 05, 2019, 14:31 PM IST