Jan GST collection rises 15% YoY to over Rs 1.38 lakh crore

New Delhi (IANS) India's GST collection rose 15 per cent in January 2022 on a year-on-year basis to Rs 138,394 crore, official data showed on Monday.

In terms of sequential basis, December 2021's collections stood at Rs 129,780 crore.

DAMEPL requests court to direct DMRC to deposit Rs 6,208 cr into escrow account without any delay

New Delhi (IANS) Following the Supreme Court January 24 directive, the Delhi High Court will hear the Delhi Airport Metro-DMRC Case on Monday (January 31).

Delhi Airport Metro Express Pvt Ltd (DAMEPL) has filed a fresh application requesting…

Tax free work from home allowances for salaried employees likely in Budget

New Delhi (IANS) The upcoming Budget might increase the standard deduction. The figure could be doubled to Rs 1 lakh from the present Rs 50,000.

Budget 2022 might also introduce tax-free work-from-home allowances for salaried employees. Higher…

SBI gets requisite approvals for setting up 'bad bank'

Mumbai (IANS) The approvals required for setting up National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL), including from the RBI, have now been received, lending major SBI said on Friday.

Accordingly, both…

Divestment: Budget FY23 likely to see higher target; more focus on NMP

New Delhi (IANS) Indias Union Budget FY23 is likely to set a higher divestment target for the coming fiscal with more focus being set on the National Monetisation Pipeline (NMP).

Notably, the conclusion of the Air India divestment as well as…

EPFO onboards Air India for social security coverage

New Delhi (IANS) Following the takeover of Air India by Tata Group, the Employees' Provident Fund Organisation (EPFO) has now onboarded the carrier for social security coverage to service the social security needs of its employees.

The…

Air India comes with over 140 aircraft but no real estate assets for Tata Sons

New Delhi (IANS) Tata Sons subsidiary Talace, which took over the managerial control of Air India on Thursday, will get more than 140 aircraft and eight logos, among other assets such as human resources.

However, the transaction does not include…

Indian equities rebound sharply; Sensex, Nifty rise 1 percent

New Delhi (IANS) The Indian equities have rebounded from the previous day's sharp losses and traded in the green during early trade on Friday due to value buying at lower levels.

On Thursday, the sharp losses were because the US Fed's…

Equities fall sharply on US Fed's rate hike guidance; Titan top loser

New Delhi (IANS) The Indian equities fell well over one per cent in early trade on Thursday after the US Fed's Federal Open Market Committee said that it was ready to tighten monetary policy through rate hike.

In its latest meeting on Wednesday,…

EV makers urge govt to ease PLI norms, expand charging infra

New Delhi (IANS) As India begins the journey to popularise the adoption of electric vehicles, leading EV startups said on Thursday that the government should not only introduce standardised EV charging infrastructure across the country but also ease…