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Robust tax revenues this fiscal to improve tax-GDP ratio: Revenue secretary Tarun Bajaj
The governments’ gross tax collections (after refunds but before devolution) stood at Rs 5.31 lakh crore in Q1FY22, 97% higher than receipts of Rs 2.7 lakh crore in the Covid-affected Q1FY21 and 33% higher than the tax receipts of Rs 4 lakh crore in Q1 of FY20. -
Food grains output in 2020-21 crop year at record 308.65 MT as per 4th advance estimate
Releasing the fourth advance estimates of production of crops, agriculture minister Narendra Singh Tomar said the record production was possible due to “tireless work of farmers, skill of the scientists and the agriculture and farmer friendly policies of the government.” -
Govt finalising plan to monetise Rs 6 lakh crore infra assets: DIPAM secretary Tuhin Kanta Pandey
“There is a big asset monetisation pipeline where private sector participation is anticipated,” Pandey told industry representatives. -
Privatisation of PSUs back on track after Covid setback: Dipam secy
Disinvestment of public sector companies is back on track after the Covid-induced setbacks, and Dipam is aiming to conclude a host of transactions by March-end, department of investment and public asset management secretary Tuhin Kanta Pandey said on Wednesday. -
'Excess interest, late fee paid while filing ITR to be refunded'
Excess interest amount or late fees paid by any taxpayer while filing income tax returns (ITR) for the financial year 2020-21 will be refunded, the tax department said on Wednesday. The deadline to file income tax for FY21 was extended from July 31 to September 30 by the government in wake of the challenges faced by taxpayers due to the Covid-19 pandemic. -
Crypto platform WazirX sees 2,648% growth in user sign-ups
Cryptocurrency exchange WazirX on Wednesday said it has recorded 2,648 per cent growth in user sign-ups from tier-II and -III cities of India. -
Aadhar Card update at doorstep! Soon, you will be able to change mobile number in Aadhar at home
As part of the partnership, resident Aadhar card holders can easily get their mobile numbers and others changes in the document at the ease and comfort of their homes. -
Delhi government launches 33 ‘faceless’ RTO services, check how to avail online facilities
Delhi government has taken the decision to curb corruption at transport department offices and to provide freedom to Delhiites from long queues, brokers, middlemen at the RTO office. -
Transport Ministry amends 2 schemes to boost electric vehicles adoption
The Ministry had received representations from a few states regarding issues in implementing the two schemes, because of the exemption given to these vehicles from the requirement of a permit. -
Excess interest, late fee paid while filing ITR to be refunded, says I-T department
Excess interest amount or late fees paid by any taxpayer while filing income tax returns (ITR) for the financial year 2020-21 will be refunded, the tax department said on Wednesday. -
'Govt doing reforms out of conviction': PM Modi
Prime Minister Narendra Modi on Wednesday addressed Confederation of Indian Industry's (CII) annual meeting for the year 2021 and said that the government is ready to take every risk for the interest of the nation. He emphasised that the Centre's reforms are driven out of conviction and not compulsion. -
SBI Mutual Fund launches new Balanced Advantage Fund: 5 things to know before investing
You can invest in the SBI Balanced Advantage Fund from 12 August to 25 August if you want to invest in the New Fund Offer period. -
Indian economy picking pace again, says PM Modi at CII meeting
Addressing industry chamber CII's meeting, the PM said that the government stands by industry. -
NEFT beneficiary identification: 5 things you need to take care of before transferring money
Before doing an NEFT fund transfer, users must be aware of certain essential details required for remitting funds to the beneficiary. -
KFC, Pizza Hut operator Sapphire Foods files IPO papers
Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The initial share-sale will be entirely an offer-for-sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP). -
Fuel demand rebound to drive earnings of oil firms: Moody's
Moody's Investors Service on Wednesday said earnings for state-owned oil firms IOC, BPCL and HPCL will grow over the next 12-18 months as a gradual easing of pandemic restrictions drives a rebound in economic activity and fuel demand. -
BSE introduces new surveillance measure to curb volatility
To curb excessive volatility in mid and small cap counters, the BSE has introduced a new surveillance measure for certain stocks having a market capitalisation of less than Rs 1,000 crore. -
'A new phishing attack lurking to scam banking customers'
Scammers are targeting banking customers in India using a novel phishing attack to collect sensitive information such as internet banking credentials, mobile number and OTP to carry out fraudulent transactions, the country's cyber security agency has warned in its latest advisory. -
Gold Price Today, 11 August 2021: Gold still cheaper by nearly Rs 10,200 from record highs
Gold in the national capital on Wednesday jumped Rs 159 to Rs 45,130 per 10 gram. -
#39;RBI may have to stretch GSAP/OMOs beyond Rs 4.5 lakh crore to manage impending demand-supply mismatch#39;
Clearly the RBI seems anchored on improving growth prospects and maintaining stable financial conditions even with elevated inflation risks. -
Nitin Gadkari pitches for using RBI's rising forex reserves for infrastructure development
Addressing a virtual event organised by industry body CII, Gadkari further said that the National Highways Authority of India (NHAI) should also have a financial arm like the Power Ministry's Power Finance Corporation (PFC). -
Ola Electric scooter’s colour variants unveiled ahead of Independence Day launch
Ola Electric scooter is expected to offer a range of 150 km on a full charge. The company previously disclosed that the bike is expected to run for about 75 km on an 18-minute charge. -
BSE introduces new surveillance measure to curb volatility in mid, small-cap stocks
To curb excessive volatility in mid and small cap counters, the BSE has introduced a new surveillance measure for certain stocks having a market capitalisation of less than Rs 1,000 crore. -
A new phishing attack lurking to scam banking customers: Advisory
Scammers are targeting banking customers in India using a novel phishing attack to collect sensitive information such as internet banking credentials, mobile number and OTP to carry out fraudulent transactions, the country's cyber security agency has warned in its latest advisory. -
KFC, Pizza Hut operator Sapphire Foods files IPO papers with Sebi
Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). -
Global banks unwind lucrative India trades after RBI warning
Foreign banks have been forced to unwind billions of dollars worth of profitable currency trades at the behest of India’s central bank, according to people with knowledge of the matter. -
THIS bank offers 'Everything on EMI' to debit cardholders, have an account here?
Offered under the #KotakSmartEMI initiative, this enables KMBL customers to buy virtually anything and everything – from groceries and fashion to smartphones and electronics – at any merchant establishment and pay via easy instalments. -
Visible signs of economic revival, says finance ministry
There are visible signs of economic rejuvenation since the second half of May, with the second wave of the pandemic abating in most parts of the country and state governments lifting restrictions in phases, a finance ministry report said on Tuesday, while calling for sustaining the vaccination progress and the need for Covid-appropriate behaviour. -
Zomato's losses tripled since IPO, revenue up 28%
According to the company, this is largely on account of non-cash ESOP expenses which have increased meaningfully in Q1 FY22 "due to significant ESOP grants made in the quarter pursuant to creation of a new ESOP 2021 scheme". -
Sensex rises over 100 points in early trade, Nifty above 16,300
The 30-share index was trading 149.24 points or 0.27 per cent higher at 54,703.90, while the broader NSE Nifty advanced 46.95 points or 0.29 per cent to 16,327.05. -
How to change name in PF account after marriage – Step by step process explained here
In order to solve problem of people who could have given incorrect name, or for people who want to update their surname after marriage, the Employees' Provident Fund Organisation's (EPFO) has in place a facility to change name or update name. -
'India, US seeing fund inflows after China crackdown'
India, the United States and parts of other emerging markets have seen fund inflows redirected from China as recent regulatory crackdowns in the world's second-biggest economy have spooked markets, according to veteran investor Mark Mobius. -
Morgan Stanley expects US Fed to start tapering by December-end
Improving data points on the labour market can help US Fed kickstart the tapering of bond purchases earlier that market projections -
Cryptocurrency exchange is 22nd unicorn
CoinDCX has become the first Indian cryptocurrency exchange to enter the unicorn club with a $90-million (Rs 668-crore) series-C funding round. The fund-raise was led by Facebook co-founder Eduardo Saverin’s B Capital. -
2021: Year of mega fund-raise
The IPO frenzy on Dalal Street continued with four offers together this week trying to mobilise about Rs 14,600 crore, making it one of the busiest weeks for IPOs in several years. -
GST compliance: E-way bills made quick and hassle-free
The latest TallyPrime version promises seamless connected E-way bill experience and personalised business reporting -
Weighted average cost for state loans at 8-week low on high demand
The fall in borrowing costs can also be attributed to the fall in global prices of crude oil and industrial metals, which have eased concerns over inflation -
Earning pains: Fewer people reported income over Rs 100 cr in AY21
Their number had jumped 83%, year on year, in the assessment year 2019-20. Of course, the number of people with cumulative wealth of over Rs 100 crore would be much larger in the country.
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