Deadline for filing of foreign remittance tax forms extended

New Delhi (IANS) The Central Board of Direct Taxes (CBDT) has again extended the deadline for filing of income tax forms 15CA and 15CB, which are filed in terms of foreign remittances.

The last date of filing the forms is now July 15, said…

Info Edge halves its OFS size in Zomato IPO to Rs 375 cr

New Delhi (IANS) Info Edge, a key investor in Zomato has decided to lower the size of its offer for sale (OFS) in the IPO of the food delivery platform.

In a regulatory filing on Sunday, Info Edge (India) said that the Committee of Executive…

Chaos and unrest in jewellery industry

New Delhi (IANS) BIS has had 3 meetings with around 20-member Expert Committee from May 25 to 29, where they brainstormed all the elements that the industry found impractical and needed amendments in the Regulations and the Act.

The BIS team…

2-wheeler industry's FY22 volumes likely to grow by 12-14%: Report

New Delhi (IANS) Ratings agency ICRA expects a 12-14 per cent year-on-year volume growth for the two-wheeler industry in FY22 supported by the festive season as well as rural demand.

"While the overall consumption and investment demand may…

Best quarterly freight loading for SCR at 28.6 MT, over Rs 2k cr revenue

Secunderabad (IANS) The South Central Railway (SCR) zone on Saturday said it recorded the best freight loading figures of 28.6 metric tonne (MT) in the first quarter (Q1) of 2021-22 valued at Rs 2,478 crore.

According to the Railways, this…

India's merchandise exports hit historic high levels in Q1FY22

New Delhi (IANS) Turning adversity into opportunity, India has recorded highest-ever merchandise exports of $95 billion in the April-June quarter of current fiscal year (FY22).

This is 85 per cent higher than exports of Q1 of 2020-21 and 18…

RBI warns against combination of high public debt, low interest rates

Mumbai (IANS) As economies around the world witness ultra-low interest rates and rising public debt amid the pandemic, the Reserve Bank of India (RBI) has said that the combination would pose challenges.

The pandemic response saw a tight interaction…

RBI Guv calls for sustained policy support, stronger capital buffer by banks

Mumbai (IANS) RBI Governor Shaktikanta Das has said that sustained policy support along with further strengthening of capital buffers by banks and other financial institutions remain vital amid the Covid-19 pandemic.

In his foreword to the…

Special GST Council meet soon to discuss compensation: Sitharaman

Bengaluru (IANS) Union Finance Minister Nirmala Sitharaman said on Thursday that a special session of the GST Council will be held soon to discuss all compensation-related issues.

Sitharaman, who is on a two-day visit to Karnataka, said that…

Delhi Airport sees growth in passenger traffic numbers

New Delhi (IANS) After a significant drop in traffic due to the second wave of the Covid-19 pandemic, the Delhi Airport on Thursday said that it has started witnessing growth in passenger numbers slowly but steadily post relaxation in lockdown and…