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Tag: Financial Year

'More Than Full' Economic Recovery Likely In FY22: FinMin Report

New Delhi: As the economy emerges out of the pandemic-induced slowdown, a report by the Department of Economic Affairs (DEA) has said that the outlook for growth and inflation of the country in the upcoming financial year (2021-22) indicates a “more than full recovery” of the economy. The ‘Monthly Economic Review’ for January 2021 said […]

August WPI Rate Remains Unchanged, Eases On YoY Basis

New Delhi: The rise in India’s August wholesale price inflation (WPI) rate remained flat sequentially, but eased on a year-on-year basis, official data showed on Monday. Accordingly, the rise in August’s WPI remained unchanged at 1.08 per cent on a sequential basis. However, it eased on a YoY basis. In August 2018, the WPI had […]

CBDT refutes reports of decline in e-filing of ITR

New Delhi: The Central Board of Direct Taxes (CBDT) on Monday refuted reports that e-filing of income tax returns (ITRs) had dropped in FY19, claiming that ITR e-filing figures of financial year 2018-19 were “not comparable” to those of 2017-18. “This is factually untrue, because the figures for FY 2017-18 and FY 2018-19 are not […]

Here's how much Amitabh Bachchan paid as tax for FY 2018-19

Mumbai: Megastar Amitabh Bachchan paid Rs 70 crore as tax for the financial year 2018-19. “Mr Bachchan has paid Rs 70 crore tax for the financial year 2018-19,” his spokesperson said in a statement. In the recent past, Big B also paid off loans of 2,084 farmers in Muzaffarpur, Bihar. He has also donated Rs […]

RBI defers implementing last tranche of CCB

Mumbai: Reserve Bank of India (RBI) has deferred the implementation of the last tranche of capital conservation buffer (CCB) till March 31, 2020. “It has been decided to defer the implementation of the last tranche of 0.625 per cent of Capital Conservation Buffer (CCB) from March 31, 2019 to March 31, 2020,” the RBI said […]

Odisha govt aims to start High Performance Sports Academy from next FY

Bhubaneswar: The Odisha government on Saturday said the High Performance Sports Academy will start functioning from the coming financial year. “The state government has decided to set up High Performance Sports Academy at Bhubaneswar. It will have high performance sports centres in nine different types of sports. Steps are being expedited to start operation of […]

Income Tax dept targets collection worth Rs 12,151 crore in Odisha

Bhubaneswar: The Income Tax Department has estimated a collection of Rs 12,151 crore in Odisha during the current financial year. Nearly, 48.4 per cent amounting to Rs 5,880 crore has already been collected, informed Commissioner of Income Tax Department Asit Mohapatra. According to sources, this financial year as many as 10, 27, 796 people will […]

RBI retains GDP growth forecast at 7.4 pc for FY'19

Mumbai: The Reserve Bank today retained the GDP forecast for the current fiscal at 7.4 per cent on robust corporate earnings and buoyant rural demand, though it flagged global trade tensions for Indian exports. In the third bi-monthly monetary policy statement for 2018-19, RBI said various indicators suggest that economic activity has continued to be […]

SBI bank home loan cheaper
SBI looks at over Rs 40,000 crore recovery in FY19

Kolkata: The country’s largest lender, State Bank of India (SBI), is looking at recovering more than Rs 40,000 crore of its stressed assets in the current fiscal, an official said on Saturday. “Our expectation is that we will be making a recovery of more than Rs 40,000 crore in the current financial year. We expect […]

OMC targets to produce 20MT ore by 2019-20

Bhubaneswar: The Odisha Mining Corporation (OMC) on Saturday said it has set a target to achieve highest ever production of eight million tonnes (MT) of iron ore during the current financial year (2017-18) while a a work plan has been set to ramp it up to 20 MT by 2019-20. Beating the global market slowdown, […]