New Delhi: Gold prices Friday zoomed Rs 590 to Rs 34,800 per 10 gram in the national capital following Budget announcement of increase in custom duty on the precious metal to 12.5 per cent from 10 per cent. The government proposed to increase custom duty on gold and other precious metals to 12.5 per cent, […]
New Delhi: Over Rs 235 crore has been allocated to the Personnel Ministry in the Union Budget for domestic and foreign training of bureaucrats and augmenting necessary infrastructure during the ongoing fiscal. The Budget was presented by Finance Minister Nirmala Sitharaman on Friday. Of the total allocation of Rs 235.91 crore for 2019-20, which is […]
Bhubaneswar: Reliance Jio has come up with a special Amarnath Yatra prepaid plan available at several Jio retailers in Jammu and Kashmir. The special Rs 102 prepaid plan offers a number of benefits including unlimited voice and data benefits. The other benefits include: ▪ Unlimited Voice Calls (Local and National) ▪ Unlimited SMS (100/day) ▪ […]
Bhubaneswar: With Odisha going to witness an increase of mere 6 per cent in the net proceeds of taxes and duties as devolution from Centre in 2019-20, this has the potential to make the State FM’s budget 2019-20 calculations go haywire. As per the Budget 2019-20 tabled by Union Finance Minister Nirmala Sitharaman, the State […]
New Delhi: With an aim to reduce imports along with spurring domestic production, Finance Minister Nirmala Sitharaman has proposed to raise custom duty on over 70 items in the full Budget 2019-20. Traditionally, the governments adjust custom duties to protect domestic industry and sometimes to allow cheaper raw material imports to spur manufacturing sector. In […]
New York: The US dollar rose against most major currencies as the economic data came out better than expected. In late New York trading on Friday, the euro fell to $1.1221 from $1.1285 in the previous session, and the British pound fell to $1.2526 from $1.2575 in the previous session, Xinhua news agency reported. The […]
With an objective of ‘Housing for All,’ this years’ budget has come as a blessing for middle class homebuyers, who will get enhanced interest deduction up to Rs 3.5 lakh. Union Finance Minister Nirmala Sitharaman presenting the Budget in the Parliament proposed to allow for an additional deduction of up to Rs 1.5 lakh for […]
New Delhi: Finance Minister Nirmala Sitharaman Saturday said the NBFC crisis seems to have bottomed out and the government along with the RBI will closely monitor the situation to ensure that the sector comes out of the wood. She further said that the government takes all the steps to keep inflation under check while dismissing […]
Panaji: Union Railways Minister Piyush Goyal Saturday said the government was eyeing investment of Rs 50 lakh crore in railways by the year 2030 to make it the best in the world. The minister also said that the rail infrastructure in the country increased by mere 30 per cent in the last 65 years due […]
New Delhi: Finance Secretary Subhash Chandra Garg said Saturday increased petrol and diesel prices after the duty hike will have “very marginal impact” on inflation and any worry on that front is immaterial. He also said the government expects Rs 90,000 crore from the Reserve Bank of India (RBI) as dividend during the current fiscal. […]
Mumbai: Key macro-economic data points on industrial production and inflation rates along with the commencement of the quarterly result season will determine the movement of equity indices next week, analysts opined. According to market observers, even the direction of foreign fund flows and the rupee’s movement against the US dollar on the back of budgetary […]
New Delhi: Another fraud, this time amounting to Rs 3,805.15 crore has been reported at the state-run Punjab National Bank (PNB), this time by the now-insolvent Bhushan Power and Steel Ltd (BPSL). In February 2018, the Rs 13,500-crore scam involving diamantaires Nirav Modi and Mehul Choksi had come to light at the PNB. In a […]
New Delhi: The government is targeting the second half of the fiscal year to raise funds through overseas bond sales, Finance Secretary Subhash Chandra Garg said. “We will target the second half,” Garg told IANS in an interview on being asked if this will happen this fiscal. The quantum, timing and number as well as […]
New Delhi: Budget airline GoAir on Sunday said that it will start operations in seven new international routes, including new destinations like Kuwait, Dubai and Bangkok, starting July 19, 2019. The airline said in a statement that it would start flying to Abu Dhabi and Bangkok from both Mumbai and Delhi, to Muscat from Mumbai, […]
Mumbai: Domestic equity benchmark BSE Sensex cracked over 400 points in early trade Monday dragged by losses in HDFC twins, L&T and RIL stocks, amid heavy selloff in global equities. The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72 at 0930 hours. Similarly, the broader Nifty sank 128 points, or […]
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