Mumbai: As rising inflation mainly on account of food prices prevents any rate cut, the Reserve Bank of India is faced with a problem that is known as the ‘trilemma’, which has been preventing it from cutting interest rate in the previous two monetary policy that is needed to revive the economy.
Newdelhi: The deadline for filing returns by individual taxpayers for FY 2019-20 has been extended by a month till December 31, the finance ministry said on Saturday.
For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021.
The government had in May extended the ...
New Delhi: The Centre has announced the waiver of interest on interest for loans up to Rs 2 crore after the Supreme Court asked it to implement the scheme that is likely to cost the government Rs 6,500 crore.
New Delhi: In a festival gift to borrowers, the Finance Ministry on Wednesday approved guidelines for a scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months of loans up to Rs 2 crore.
Bengaluru: The anti-China sentiment post the India-China standoff at Galwan Valley in May has had little impact on the Chinese smartphone makers in India. Even as some sections of society called for a boycott of Chinese products, smartphone sales figures indicate Chinese brands are still the most preferred in India.
Actor Sean Connery, best remembered for playing fictional spy James Bond, died in his sleep at the age of 90, leading to an outpour of tributes across the globe for one of Britain's best-loved screen heroes.
Patna: The AIMIM led by Asaduddin Owaisi may not have a big say in the Assembly elections in Bihar. But, it could end up denting the chances of the Mahaghatbandan (grand alliance) between the RJD and the Congress.
China and Bangladesh are likely to lead the revival, at least in Asia, as global economies try to come out of the abyss they find themselves in due to the crisis caused by the coronavirus.
The economic recovery in China has been faster than expected, according to the International Monetary Fund (IMF) forecast for the global economic growth 2020....
Mumbai: Factory dispatches of PVs grew 26.5 per cent in September from a year earlier to 2,72,027 units. However, comparing current sales with the previous year’s figures could be misleading as demand had been poor in the past due to a host of factors
The lenders of Jet Airways (India) Ltd, which had shut operations in April last year ago due to fund crunch, have approved a plan to revive the airline under the control of UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalal, reported The Indian Express on Saturday (October 18).
Newdelhi: Paytm users will have to pay a 2 per cent fee on the amount added to their e-wallet using a credit card.
Until now, users had to pay 2 per cent fee if they loaded more than Rs 10,000 in their e-wallets via credit card in a month.
A message saying "Nominal charge of 2 per cent is applicable on adding money using credit card. Nominal fee is app...
India’s economy is definitely struggling, but a 6% growth in merchandise exports in September has come as a pleasant surprise in the middle of a gloom. India’s outbound shipments rose for the first time in seven months.
German auto major Audi is banking on entry-level luxury car segment to widen its customer base to enhance its overall sales as it gradually recovers from the impact of coronavirus in India, according a senior company official.
Finance Minister Nirmala Sitharaman has written to states, explaining the reason for the government’s U-turn after four months of confrontation over Goods and Services Tax dues. The Centre has decided to borrow up to ₹ 1.1 lakh crore on behalf of states.
New Delhi: Subscriber growth, for the first time after the pandemic, should ideally be good news for India’s beleaguered telcos struggling under massive losses and poor margins. It should have offered at least the incumbent telcos an opportunity to increase tariffs.
Even as the global job and salary markets crashed, Infosys -- India’s premier IT company -- beat the market blues to report a 14 per cent rise in net profit to INR 4,845 crore for the July-September period compared to the previous quarter. For the same quarter, the company’s revenue increased 3.82 per cent to INR 24,570 crore.
New Delhi: As the Centre strives for 'atmanirbharata', a research paper co-authored by former chief economic advisor Arvind Subramanian has said India should pay more attention to exports and should not be blinded by the "misleading allure of the domestic market".
New Delhi: Retail inflation increased to 7.34 per cent in September, the highest in eight months, on account of higher food prices. It was 3.99 per cent a year ago. In August, it stood at 6.69 per cent.The retail inflation, as measured by the consumer price index, was outside the Reserve Bank of India’s comfort band of around 4 per cent for the sixth month in a row.
Sentiments have also been boosted by expectations of better-than-expected results from some heavyweights in the stock markets as some key economic indicators show signs of revival ahead of more relaxations kicking in from October 15, as multiplexes and schools will be allowed to reopen and government will allow larger gatherings.
New Delhi: India will overtake Japan to become the third-largest economy in the world behind USA and China by 2050 and continue to occupy the slot till 2100, according to a study published by medical journal Lancet. The study made the forecast by constructing GDP models based on the availability of working age population in various countries.
Bitten harshly by the pandemic that forced people to abort their travel plans even after the flight restrictions were lifted, the aviation industry is perhaps looking at darker days ahead, with several airlines realising the bitter truth slowly with year coming to an end.
The Centre on Friday (October 9) informed the Supreme Court that it wouldn’t be possible on its part to waive the interest on compounding on various sectors, as it will seriously affect the banks and depositors.
“Policy is the domain of the government and court should not go into sector-specific financial relief. Any further relief, besides waiv...
New Delhi: Electronic invoicing (e-invoicing) for Goods and Services Tax (GST) will be made mandatory for all business to business transactions from April 1 next year, the government said, as it looks to do away with physical invoices and e-way bills to streamline tax collection and plug revenue leaks.
The Monetary Policy Committee of the Reserve Bank of India on Friday (October 9) kept the repo rate unchanged at 4 per cent. RBI Governor Shaktikanta Das said India’s economy is likely to contract by 9.5 per cent in the current financial year with risks tilted to downside.
The GDP may break out of the coronavirus-induced contraction and turn pos...
New Delhi: The unprecedented impact of the COVID-19 pandemic and the consequent air travel restrictions on the aviation sector has been so severe that the country’s largest airport operator, state-run Airports Authority of India (AAI), has been forced to borrow ₹1,500 crore for working capital requirements this year as it stares at a rare net loss.
The US-based technology giant Apple Inc. invested in office rental space of four lakh sq ft in Bengaluru's central business district (CBD) area. The property developed by Prestige Estates is nestled off the busy Mahatma Gandhi Road, overlooking the Chinnaswamy cricket stadium.