Economy news - NewsLocker

CAG to improve audit of local bodies

12-01-2021 20:45 via financialexpress.com

Currently, these entities are audited by state government appointed organisations/local fund examiners.

Explainer: What Parler has been pulled offline?

12-01-2021 19:32 via timesofindia.indiatimes.com

Before Apple Inc banned Parler from its App Store store on Saturday, the social media site topped the charts as the most popular free app on its App Store in the United States.

Budget 2021: Industry experts seek additional funds, incentives for agriculture sector

12-01-2021 17:34 via zeenews.india.com

The direct benefit transfer (DBT) scheme should be utilised more to support farmers instead of giving subsidies, said experts.

Tesla comes to India, sets up office in Bengaluru

12-01-2021 17:31 via timesofindia.indiatimes.com

Ending speculations of whether or not it would come to India and where in the country, Elon Musk's Tesla has set up it's office in Bengaluru, even as details of what the company plans to do in India remains elusive.

CBDT launches e-portal for filing complaints

12-01-2021 17:31 via timesofindia.indiatimes.com

The Central Board of Direct Taxes (CBDT) has launched an automated dedicated online portal to receive and process complaints of tax evasion, foreign undisclosed assets as well as complaints regarding benami properties, said CBDT.

CBDT launches e-portal for filing complaints regarding tax evasion

12-01-2021 16:11 via timesofindia.indiatimes.com

The Central Board of Direct Taxes (CBDT) has launched an automated dedicated online portal to receive and process complaints of tax evasion, foreign undisclosed assets as well as complaints regarding benami properties, said CBDT.

Avoid new taxes in Budget, says SBI report

12-01-2021 16:11 via timesofindia.indiatimes.com

Ahead of the Union Budget, SBI economists on Tuesday pitched for avoiding new taxes and urged the government to mount "honest attempts" to settle past litigations to raise resources instead.

ITR filing FY 2019-20: Will last date for ITR Filing be extended again? Know what CBDT said

12-01-2021 13:38 via zeenews.india.com

This year, taxpayers are required to submit the returns for the FY 2019-20 financial year and the assessment year would be AY 2020-21.

Retail inflation eases to 4.59% in December

12-01-2021 13:27 via timesofindia.indiatimes.com

Retail inflation eased to 4.59% in December from a year ago, mainly helped by a sharp fall in vegetable prices, government data released on Tuesday showed, falling within the central bank's target of 2-6% after eight months.

Real GDP to grow at 11% in FY22: Report

12-01-2021 13:27 via timesofindia.indiatimes.com

The country's real gross domestic product (GDP) is likely to expand by 11 per cent in the next financial year due to a faster economic recovery and on a low base, says a report.

11 Indian cos in top-500 globally by value: Report

12-01-2021 13:27 via timesofindia.indiatimes.com

Total 11 private Indian firms have made it to the list of 500 most valuable companies across the world, and the country is ranked 10th on the chart, as per a report.

ITR filing FY 2019-20: Will last date for ITR Filing be extend again? Know what CBDT said

12-01-2021 13:07 via zeenews.india.com

This year, taxpayers are required to submit the returns for the FY 2019-20 financial year and the assessment year would be AY 2020-21.

Equity indices subdued, banking stocks dip

12-01-2021 12:19 via timesofindia.indiatimes.com

Equity indices subdued, banking stocks dip

Sensex jumps 248 points to end at new peak; Nifty tops 14,500

12-01-2021 12:16 via zeenews.india.com

After touching an all-time high of 49,569.14 during the day, the 30-share BSE index ended 247.79 points or 0.50 per cent higher at 49,517.11.

BMW 220i M Sport launched in India: Check price, features and more

12-01-2021 12:05 via zeenews.india.com

The two-litre four-cylinder petrol engine produces an output of 190 hp and a maximum torque of 280 Nm at 1350-4600 rpm.

Sensex jumps 248 points to end at new peak

12-01-2021 11:53 via timesofindia.indiatimes.com

Equity benchmark sensex jumped 248 points to end at a fresh life-time high on Tuesday, tracking gains in index heavyweights Reliance Industries, HDFC Bank and Bharti Airtel amid positive global cues and persistent FPI inflows.

Budget 2021: Journey of budget papers and famous budget bag/briefcase

12-01-2021 11:08 via moneycontrol.com

Budget 2021: For the first time since independence the Union Budget, slated to be presented on February 1, 2021, is going to be completely paperless in the wake of the ongoing coronavirus pandemic. Here we take a look at the journey of budget papers and the famous budget bag/briefcase.

5% more income tax returns filed this year

12-01-2021 10:48 via moneycontrol.com

Over 5.95 crore income tax returns (ITRs) for the fiscal year ended March 31, 2020 (2019-20) were filed by January 10, the Income Tax Department said.

Budget 2021: Big decision on scrappage policy likely; know what is scrappage policy and how it benefits you

12-01-2021 10:40 via zeenews.india.com

The Scrappage policy, if implemented would mean that old vehicles plying on the roads will be phased out.

Tata Motors plans series of ‘affordable’ EVs

12-01-2021 09:52 via timesofindia.indiatimes.com

In one of the most ambitious plans made around electric mobility and affordability, homegrown auto giant Tata Motors has said that it plans to price its green cars at “not more than 15-20% premium” to conventional petrol/diesel vehicles, while offering a battery range at least in excess of 200km on a single charge.

'No extension of ITR due date beyond Feb 15'

12-01-2021 09:52 via timesofindia.indiatimes.com

The finance ministry has rejected the demand for further extension of the last date for filing returns where audit is required beyond February 15. Last month, the government had extended the income tax return (ITR) filing deadline for individuals till January 10, and for companies till February 15.

Hope takes wings: Covid vax begin flying out of Pune

12-01-2021 09:52 via timesofindia.indiatimes.com

"May all be free from disease." With this line printed on boxes, Serum Institute of India (SII) began transporting Covid vaccines from Pune to other parts of India on Tuesday morning.

Budget 2021: ‘Cess’ in Budget to fund vax rollout?

12-01-2021 09:52 via timesofindia.indiatimes.com

There is growing discussion around the introduction of a “vaccine cess” in the Union Budget to fund the rollout of the Covid-19 vaccine at a time when revenues are under strain and there is a growing demand for funds, including for higher defence allocation.With the economy showing signs of returning to normalcy, things have started to brighten on the revenue side.

RBI cancels licence of yet another bank: Do you have account in this bank? Know what happens to your money

12-01-2021 09:31 via zeenews.india.com

RBI has said that more than 99 percent of the depositors of the bank will get full repayment of their deposits from DICGC.

TCS shares up nearly 2 percent; gains on December quarter profits

12-01-2021 08:45 via zeenews.india.com

On Monday, TCS shares closed with nearly 2 percent gains.

Tata Motors plans series of ‘affordable’ e-vehicles

12-01-2021 08:31 via timesofindia.indiatimes.com

In one of the most ambitious plans made around electric mobility and affordability, homegrown auto giant Tata Motors has said that it plans to price its green cars at “not more than 15-20% premium” to conventional petrol/diesel vehicles, while offering a battery range at least in excess of 200km on a single charge.

Demand for extension of ITR date beyond Feb 15 rejected

12-01-2021 08:31 via timesofindia.indiatimes.com

The finance ministry has rejected the demand for further extension of the last date for filing returns where audit is required beyond February 15. Last month, the government had extended the income tax return (ITR) filing deadline for individuals till January 10, and for companies till February 15.

Hope takes wings: Covid vaccines begin flying out of Pune

12-01-2021 06:35 via timesofindia.indiatimes.com

"May all be free from disease." With this line printed on boxes, Serum Institute of India (SII) began transporting Covid vaccines from Pune to other parts of India on Tuesday morning.

Sensex slips over 100 points in early trade; Nifty tests 14,450

12-01-2021 05:22 via zeenews.india.com

The 30-share BSE index was trading 117.77 points or 0.24 percent lower at 49,151.55.

Petrol prices remain unchanged on Tuesday after hitting all-time high: Check fuel prices in metro cities on January 12, 2021

12-01-2021 05:13 via zeenews.india.com

Here is looking at the price difference of diesel and petrol in four metro cities on January 12, 2021.

7th Pay Commission: New year bonanza for employees of this state; salary hike with arrears announced from January 2021

12-01-2021 05:07 via zeenews.india.com

Furthermore, these employees will also get arrears from July 1, 2020, to December 31, 2020, for which the state exchequer will bear the cost of Rs 300 crore.

Startups & corporate biggies Signal change

12-01-2021 05:00 via timesofindia.indiatimes.com

As the furore over changes in WhatsApp’s privacy policy grows, a wide range of companies have started mandating migration to messaging platform Signal. These include new-age tech startups, older corporates and their senior leadership teams who are now using Signal for day-to-day work chats and sharing of internal documents.

RBI governor warns of high asset prices

12-01-2021 05:00 via timesofindia.indiatimes.com

Reserve Bank of India (RBI) governor Shaktikanta Das on Monday warned that there is a growing disconnect between certain segments of financial markets and the real economy, and stretched valuations pose a risk to financial stability.

More govt borrowing may crowd out private cos

12-01-2021 05:00 via timesofindia.indiatimes.com

The Financial Stability Report (FSR) has warned that excessive government borrowing could result in crowding out of private investment. The government is expected to borrow more in order to stimulate the economy even as revenues fall short of projections.

Amazon may move HC in Future dispute

12-01-2021 04:55 via timesofindia.indiatimes.com

Amazon is likely to move a new petition in the Delhi high court in the ongoing battle against Future Group over the sale of the latter's retail business to Reliance.

Income tax returns filing: No further extension of date beyond February 15, Centre rejects demand

12-01-2021 04:37 via moneycontrol.com

In December 2020, the government had extended the income tax return (ITR) filing deadline for individuals till January 10, and for companies till February 15.

Budget 2021: ‘Cess’ in Budget to fund vaccine rollout?

12-01-2021 04:03 via timesofindia.indiatimes.com

There is growing discussion around the introduction of a “vaccine cess” in the Union Budget to fund the rollout of the Covid-19 vaccine at a time when revenues are under strain and there is growing demand for funds, including for higher defence allocation.

Google-Fitbit deal: Why honeymoon period may be over for 'big-tech' acquisitions

12-01-2021 03:30 via timesofindia.indiatimes.com

Google-Fitbit deal: Why honeymoon period may be over for 'big-tech' acquisitions

WhatsApp group links were visible on Google: Report

12-01-2021 02:43 via timesofindia.indiatimes.com

At least 1,700 private WhatsApp group links were visible on Google through a simple web search, according to a recent research. Published by internet security researcher Rajshekhar Rajaharia, the research claimed that the groups’ links available on the web posed a threat to WhatsApp users’ privacy. Rajaharia had shared screenshots of the WhatsApp group links on his Twitter profile on Sunday afternoon.

'WhatsApp group links were visible on Google'

12-01-2021 02:43 via timesofindia.indiatimes.com

At least 1,700 private WhatsApp group links were visible on Google through a simple web search, according to a recent research. Published by internet security researcher Rajshekhar Rajaharia, the research claimed that the groups’ links available on the web posed a threat to WhatsApp users’ privacy. Rajaharia had shared screenshots of the WhatsApp group links on his Twitter profile on Sunday afternoon.