India's Exports Rise 6% In January; April-January Deficit At $1.87 Billion
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Monday February 15, 2021
Exports during April-January this fiscal dipped by 13.58 per cent to $228.25 billion, while imports declined by 25.92 per cent to $300.26 billion.
Government Extends Deadline For Filing Income Tax Returns To January 10
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Wednesday December 30, 2020
The government on Wednesday extended the date for filing income tax return to January 10 from December 31, 2020, for individual tax payers
HDFC Bank Falls 2% After RBI Asks It To Stop Digital Launches, New Credit Cards
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Thursday December 3, 2020
RBI has asked the bank's board to examine the lapses and fix accountability, the HDFC Bank stated in a stock exchange filing on Thursday, December 3.
"We Should Be Cautiously Optimistic": Chief Economic Advisor Krishnamurthy Subramanian On GDP Data
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Friday November 27, 2020
Given the uncertainty due to COVID-19 pandemic, he said, it is difficult to predict if positive territory can be hit in the third or fourth quarter of this financial year
Industrial Production Declines 8% In August
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Monday October 12, 2020
Industrial production declined by 8 per cent in August, mainly due to lower output of manufacturing, mining and power generation sectors, official data showed on Monday.
Government To Give Rs 12,000 Crore Interest-Free 50-Year Loan To States
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Monday October 12, 2020
The loan will have to be spent entirely on new or ongoing capital projects, she said adding that states can settle bills of contractors and suppliers but all the amount has to be paid before March 31, 2021.
Banks Free To Restructure Loans, But Can't Penalise Borrowers, Supreme Court Told
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Wednesday September 2, 2020
Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...
Defence Shares Rally After PM Modi Calls For Self-Reliance In Defence Production
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Friday August 28, 2020
PM Modi said India's self-reliance on defence capabilities will boost its standing of being a net security provider in the Indian Ocean.
Government Relaxes Working Capital Norms For Power Distribution Firms
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Wednesday August 19, 2020
One-time relaxation will help in providing liquidity to the power sector and ensure payments by discoms.
Rupee Depreciates 7 Paise To Close At 71.01 Against Dollar: 10 Points
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Tuesday September 24, 2019
The Indian rupee on Tuesday depreciated by 7 paise to close at 71.01 against the US dollar as foreign fund outflows and a pause in equity market rally weakened forex market sentiment, news agency Press Trust of India (PTI) reported. However, easing crude oil prices and weaker greenback against rival currencies restricted the rupee fall to some exte...
Rupee Snaps 2-Day Losing Streak, Rises 54 Paise Against Dollar: 10 Points
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Wednesday September 18, 2019
The Indian rupee snapped its two-day falling streak against the US dollar on Wednesday on the back of falling crude oil prices. However, outflows by the foreign institutional investors capped the gains for the home unit, news agency Press Trust of India reported citing forex traders. The rupee opened at 71.47 and rose to an intraday high of 71.17 a...
LED/LCD Televisions Likely To Get Cheaper As Government Scraps Import Duty
Business | Written by Abhishek Vasudev (With inputs from PTI) | Thursday September 19, 2019
In June 2017, the government had imposed a custom duty of 5 per cent on import of such panels which are used in making LED and LCD TVs.
Rupee Surges For Seventh Day In A Row, Ends 22 Paise Higher
Business | Written by Written by Abhishek Vasudev (With inputs from PTI) | Friday September 13, 2019
The rupee surged for a seventh straight session on Friday to close at 70.92 per US dollar, up 22 paise, as softening crude oil prices and easing US-China trade tensions bolstered investor sentiment, news agency Press Trust of India reported. The gain in rupee was in-line with other Asian currencies which rose following signs of rapprochement betwee...
Rupee Rises For Third Straight Day, Ends At 71.72 A Dollar: 10 Points
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Friday September 6, 2019
The Indian rupee rose for third straight day against the US dollar on Friday as signs of easing trade tensions between US and China lifted investors' sentiment news agency Press Trust of India reported. The rupee opened lower at 71.88 against the American currency and rose as much as 25 paise to 71.60 from its previous close 71.84. In the intraday ...
PAN To Be Created Automatically If Tax Return Filed Using Aadhaar: 10 Facts
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Monday September 2, 2019
A Permanent Account Number or PAN will be generated automatically if an individual files the income tax return by quoting an Aadhaar number, the Central Board of Direct Taxes said in a notification on Monday. PAN is a 10-digit alphanumeric number issued by the I-T department to individuals and entities for filing tax returns. While presenting the B...
India's Exports Rise 6% In January; April-January Deficit At $1.87 Billion
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Monday February 15, 2021
Exports during April-January this fiscal dipped by 13.58 per cent to $228.25 billion, while imports declined by 25.92 per cent to $300.26 billion.
Government Extends Deadline For Filing Income Tax Returns To January 10
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Wednesday December 30, 2020
The government on Wednesday extended the date for filing income tax return to January 10 from December 31, 2020, for individual tax payers
HDFC Bank Falls 2% After RBI Asks It To Stop Digital Launches, New Credit Cards
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Thursday December 3, 2020
RBI has asked the bank's board to examine the lapses and fix accountability, the HDFC Bank stated in a stock exchange filing on Thursday, December 3.
"We Should Be Cautiously Optimistic": Chief Economic Advisor Krishnamurthy Subramanian On GDP Data
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Friday November 27, 2020
Given the uncertainty due to COVID-19 pandemic, he said, it is difficult to predict if positive territory can be hit in the third or fourth quarter of this financial year
Industrial Production Declines 8% In August
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Monday October 12, 2020
Industrial production declined by 8 per cent in August, mainly due to lower output of manufacturing, mining and power generation sectors, official data showed on Monday.
Government To Give Rs 12,000 Crore Interest-Free 50-Year Loan To States
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Monday October 12, 2020
The loan will have to be spent entirely on new or ongoing capital projects, she said adding that states can settle bills of contractors and suppliers but all the amount has to be paid before March 31, 2021.
Banks Free To Restructure Loans, But Can't Penalise Borrowers, Supreme Court Told
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Wednesday September 2, 2020
Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...
Defence Shares Rally After PM Modi Calls For Self-Reliance In Defence Production
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Friday August 28, 2020
PM Modi said India's self-reliance on defence capabilities will boost its standing of being a net security provider in the Indian Ocean.
Government Relaxes Working Capital Norms For Power Distribution Firms
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Wednesday August 19, 2020
One-time relaxation will help in providing liquidity to the power sector and ensure payments by discoms.
Rupee Depreciates 7 Paise To Close At 71.01 Against Dollar: 10 Points
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Tuesday September 24, 2019
The Indian rupee on Tuesday depreciated by 7 paise to close at 71.01 against the US dollar as foreign fund outflows and a pause in equity market rally weakened forex market sentiment, news agency Press Trust of India (PTI) reported. However, easing crude oil prices and weaker greenback against rival currencies restricted the rupee fall to some exte...
Rupee Snaps 2-Day Losing Streak, Rises 54 Paise Against Dollar: 10 Points
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Wednesday September 18, 2019
The Indian rupee snapped its two-day falling streak against the US dollar on Wednesday on the back of falling crude oil prices. However, outflows by the foreign institutional investors capped the gains for the home unit, news agency Press Trust of India reported citing forex traders. The rupee opened at 71.47 and rose to an intraday high of 71.17 a...
LED/LCD Televisions Likely To Get Cheaper As Government Scraps Import Duty
Business | Written by Abhishek Vasudev (With inputs from PTI) | Thursday September 19, 2019
In June 2017, the government had imposed a custom duty of 5 per cent on import of such panels which are used in making LED and LCD TVs.
Rupee Surges For Seventh Day In A Row, Ends 22 Paise Higher
Business | Written by Written by Abhishek Vasudev (With inputs from PTI) | Friday September 13, 2019
The rupee surged for a seventh straight session on Friday to close at 70.92 per US dollar, up 22 paise, as softening crude oil prices and easing US-China trade tensions bolstered investor sentiment, news agency Press Trust of India reported. The gain in rupee was in-line with other Asian currencies which rose following signs of rapprochement betwee...
Rupee Rises For Third Straight Day, Ends At 71.72 A Dollar: 10 Points
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Friday September 6, 2019
The Indian rupee rose for third straight day against the US dollar on Friday as signs of easing trade tensions between US and China lifted investors' sentiment news agency Press Trust of India reported. The rupee opened lower at 71.88 against the American currency and rose as much as 25 paise to 71.60 from its previous close 71.84. In the intraday ...
PAN To Be Created Automatically If Tax Return Filed Using Aadhaar: 10 Facts
Business | Edited by Abhishek Vasudev (With inputs from PTI) | Monday September 2, 2019
A Permanent Account Number or PAN will be generated automatically if an individual files the income tax return by quoting an Aadhaar number, the Central Board of Direct Taxes said in a notification on Monday. PAN is a 10-digit alphanumeric number issued by the I-T department to individuals and entities for filing tax returns. While presenting the B...
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