Netting Bill ready to boost bond market: DEA Secy

New Delhi (IANS) The Government has provided sufficient grounds to use the 'escape clause' in the FRBM Act and it does not foresee any hardening of bond yields and Foreign Portfolio investors not investing in India, Department of Economic…

Two tax systems give flexibility, widen people's choice: Rev Secy

New Delhi (IANS) Stating that most countries have multiple slabs and gradual increase in tax brackets to minimise the scope of under-reporting of income, Revenue Secretary Ajay Bhushan Pandey has said that the new system is simple and gives more choice…

Fuel prices further reduced post Budget

New Delhi (IANS) A day after the Budget, petrol and diesel prices were further cut on Sunday as international crude oil markets got hammered due to slump in demand because of coronavirus scare in China. The price of petrol was cut by 9 paise and that…

'Bona fide Indian workers abroad won't be affected by NRI rule tweak'

New Delhi (IANS) A day after Union Budget proposed to tweak the rule to prevent NRIs from evading tax in India, the Finance Ministry has clarified that bona fide workers in other countries including in the Middle East who are not liable to tax in…

GST portal problems face flak from filers, date extended by 3 days

New Delhi (IANS) Following a barrage of embarrassing complaints about the GST portal not working and lakhs of returns pending, the Central Board of Indirect Taxes and Custorms (CBIC) has extended the dates for filing GSTR-9 and GSTR-9C forms for three…

Equity market trades flat ahead of Union Budget

Mumbai (IANS) As the markets opened on Saturday on the day of the Union Budget the key equity indices traded on a flat-to-positive note.

The tepid trade in the domestic indices can also be attributed to the decline in the US and Asian markets…

GST collection up 8% yoy to Rs 1.10 lakh cr in Jan, signals recovery

New Delhi (IANS) In a much-needed shot in the arm for the government, GST collection increased 8.12 per cent year-on-year to Rs 1,10,828 crore in January 2020.

This is only the second time since roll-out of GST that the monthly revenues have…

AIIEA to protest against LIC disinvestment

Chennai (IANS) Opposing the government's decision to list Life Insurance Corporation of India (LIC) through an initial public offering (IPO), the All India Insurance Employees' Association (AIIEA) will first go on one hour walk-out strike…

Sensex tumbles over 700 points as FM presents Budget

Mumbai (IANS) The Union Budget for financial year 2020-21 has so far been unable to bring cheer to the market and the equity indices slumped with the BSE Sensex falling over 700 points.

Around 1.30 p.m, the Sensex touched an intra-day low of…

PM-Kisan may see 20 per cent cut in budgetary allocation

New Delhi (IANS) The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme of the government which gives Rs 6,000 a year to farmers may see a cut in budgetary allocation.

It is learnt that the allocation for PM-Kisan may be slashed by 20 percent…