Finance

CBDT meets officials to dispel doubts on faceless tax assessment.

Despite slew of polls ahead, prospects of populist budget appear bleak

The scope for a blatant populist budget looks bleak amid moderating tax revenue, high committed revex, and market loans, Emkay Global Financial Services said in a report.

Jan 22, 2023

Road safety body IRF urges FM to waive GST on 'life saving helmets'

Road safety body International Road Federation (IRF) wrote a letter to Union Finance Minister Nirmala Sitharaman, demanding removal of GST on life saving device helmets for safety of the two-wheeler riders in the forthcoming Union Budget 2023-24.

Jan 19, 2023

Financial condition expected to be tighter: CRISIL Ltd

Even as central banks are expected to slow their pace of rate hikes in 2023, financial conditions are expected to remain tight, said CRISIL Ltd on Monday.

Jan 16, 2023

FPIs sold for 11 consecutive days to the tune of Rs 14,300 crore [details]

FPIs have turned sustained sellers in the Indian market and sold for 11 consecutive days taking the cumulative selling to Rs 14,300 crore, says V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services.

Jan 7, 2023

Dec 2022 GST collections stand at Rs 1,49,507 crore: Govt

The GST collections for December 2022 stood at Rs 1,49,507 crore -- 2.5 per cent more than Rs 1,45,867 crore collected in November 2022, according to figures released by the Finance Ministry on Sunday.

Jan 1, 2023

Tax, Budget 2017, Union Budget 2017, Income Tax, senior citizens, common man

Direct tax collections up 20%; Rs 11,35,754 cr collected till Dec 17 [details]

Direct tax collections stood at Rs 11,35,754 crore, as on December 17, 2022, up by 19.81 per cent against Rs 9,47,959 crore recorded in the corresponding period of last year, officials said.

Dec 18, 2022

Indian rupee records 6.9% depreciation in current FY

The Indian rupee has witnessed a depreciation of 6.9 percent in the current financial year till November 30, the Parliament was told on Tuesday.

Dec 13, 2022

Tax collections up by 24% in current fiscal year-on-year [details]

Net tax collection in 2022-23 was 24.26 percent higher than the net collection for the corresponding period of last year.

Dec 12, 2022

How to choose your first broker, a beginners guide

Dailytrading.com suggests 'If you are a trader looking for quick gain and make trade execution for short-term trade executions then you should look for a broker with very low executions fee.

Dec 7, 2022

RBI's pilot project on digital rupee to be launched on Dec 1; see cities, banks part of launch

The first phase will begin with four banks namely State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country.

Nov 29, 2022

Beware of instant loan apps; SBI warns about cybercrimes, extortion [read now]

The country's largest lender, State Bank of India (SBI) has warned customers against instant loan apps and even suggested measures to safeguard against the menace.

Nov 24, 2022

India clocks 129 deals at $2.1 bn in Oct; 77% YoY decline in value [details]

India clocked 129 deals valued at $2.1 billion in the month of October, a 42 per cent fall in volumes and a significant 77 per cent decline in values as compared to October last year.

Nov 22, 2022

Journey To the Top: How Darshil Shah Took Investment Banking by Storm

Becoming a key player on Wall Street is never easy, but growing up in a faraway country and still making it to the top of Wall Street is a gargantuan hurdle. Darshil Shah refused to settle for anything less.

Nov 14, 2022

What is eRs; RBI's digital rupee explained [see how it works]

The Reserve Bank of India (RBI) had, last week, announced that it will commence a pilot project of digital rupee (eRs) for specific use cases in the wholesale segment from November 1.

Nov 6, 2022

Dubai Investment Fund to Allocate $2.1 Billion for Investments in Indian Realty

The Dubai Investment Fund (DIF) notes that the transition from enterprises managed by family members to those managed by professionals has been the most noticeable transformation that has taken place

Nov 3, 2022