Africa

Difficult to understand tax provisions? New Income Tax Bill to raise transparency in tax laws, say experts

The new Income Tax Bill is contemplated to raise the level of transparency in tax laws by adopting clear and unambiguous language in tax provisions which allows the taxpayers to easily understand their obligations and rights

Feb 10, 2025

Middle class beware, warns Shiv Sena (UBT) in editorial on Union Budget's tax exemption

New & simplified Income Tax Bill replaces 1961 Income Tax Act; what's changed

The Union Budget 2025 introduces a new Income Tax Bill to replace the 1961 Income Tax Act, simplifying tax laws. The new bill is 50% shorter and clearer, aiming to reduce legal disputes and contested tax demands.

Feb 10, 2025

PMKSY cold chain scheme cuts wastages in vegetables, dairy, fisheries

The Integrated Cold Chain and Value Addition Infrastructure Scheme of the Ministry of Food Processing Industries has resulted in a significant reduction in wastages in vegetables, dairy and fisheries sectors, apart from some benefits in other sectors as well, according to a NABARD study.

Feb 10, 2025

Gold prices set to fall further after Donald Trump's win

Gold prices at record high as investors seek safety amid trade war concerns

Gold prices on Monday surged to new record highs in the domestic futures market as uncertainty over the US President Donald Trump's tariff policies increased demand for the yellow metal as a safe-haven investment.

Feb 10, 2025

Fiscal, monetary policies are working in tandem to boost economic growth: FM Sitharaman

Fiscal, monetary policies are working in tandem to boost economic growth: FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said that the government's monetary and fiscal policies are working in tandem and would further benefit the growing economy with the robust Budget and recent RBI decisions.

Feb 8, 2025

RBI hints further steps to ensure liquidity, US tariff uncertainties to cool off soon

RBI hints further steps to ensure liquidity, US tariff uncertainties too to cool off soon

The Reserve Bank of India (RBI) has always focused on ease of credit and will take further steps to ensure that enough liquidity remains in the banking system as there is "room for improvement", Governor Sanjay Malhotra said on Saturday, adding that US-related tariff uncertainties will cool off in the coming months.

Feb 8, 2025

PLI scheme buoys manufacturing sector, turns it into growth driver

PLI success, robust exports, job growth: BJP busts Congress claim on manufacturing sector

Slamming the Congress Party's claim on slow manufacturing sector growth under the NDA regime, the BJP has said that it is actually the other way round and from 2009 to 2014, the average growth rate of the manufacturing sector was at a meagre 5.6 per cent and the sector even backtracked in 2013-14, declining by 0.7 per cent as compared to 2012-13.

Feb 8, 2025

Airport commissions second solar power plant.

India hits 100 GW solar power capacity milestone, local manufacturing surges

In a testament to the nation's commitment to a cleaner, greener future, India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy

Feb 7, 2025

RBI gives go-ahead for forward contracts in Govt securities

RBI defers rollout of LCR norms by a year in big relief to banks

In a big relief for banks, RBI Governor Sanjay Malhotra announced on Friday that the implementation of the proposed Liquidity Coverage Ratio (LCR), as well as project financing norms, will be deferred by a year and will not be implemented before March 31, 2026.

Feb 7, 2025

Sensex closes flat, ICICI Bank and Bajaj Finserv top gainers

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Africa

Difficult to understand tax provisions? New Income Tax Bill to raise transparency in tax laws, say experts

New & simplified Income Tax Bill replaces 1961 Income Tax Act; what's changed

PMKSY cold chain scheme cuts wastages in vegetables, dairy, fisheries

Gold prices at record high as investors seek safety amid trade war concerns

Fiscal, monetary policies are working in tandem to boost economic growth: FM Nirmala Sitharaman

RBI hints further steps to ensure liquidity, US tariff uncertainties too to cool off soon

PLI success, robust exports, job growth: BJP busts Congress claim on manufacturing sector

India hits 100 GW solar power capacity milestone, local manufacturing surges

RBI defers rollout of LCR norms by a year in big relief to banks

Sensex, Nifty trade flat after RBI cuts repo rate by 25 bps

RBI cuts repo rate by 25 basis points to 6.25 per cent to spur growth

RBI rolls out bank.in & fin.in internet domains to check fraud in digital payments

RBI gives go-ahead for forward contracts in Govt securities

Cargo handled at India's major ports surges to 819 million tonnes

Gold hits all-time high at Rs 8,432 per gram amid geo-political uncertainties