Direct tax collection grows Rs 6.95 lakh crore during April-January period

The government's direct tax collection has grown 6.95 lakh crore rupees during the April-January period of the current fiscal, a growth of 19.3 per cent over the year-ago period.The net collections for Corporate Income Tax, CIT, showed a growth of 19.2 per cent and for Personal Income Tax, ...

RBI cautions users of virtual currencies like Bitcoin<br/>

The Reserve Bank of India has cautioned the users, holders and traders of virtual currencies like Bitcoin. The role of operators trading in crypto currencies is being studied.Their financial, operational, legal and security-related risks are being examined. This was stated by Minister of State for F...

Govt to save Rs 1,600 crore every year in foodgrain procurement post GST

The Government is estimated to save 1,600 crore rupees annually in procurement of foodgrains as its tax expenses have reduced after the introduction of GST. Food Minister Ram Vilas Paswan today said, only GST is being levied on procurement and not state taxes, resulting in 18 per cent reduction in t...

Oil prices fall for sixth day after Iran announced plans to boost production

Oil prices fell for a sixth day today after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies. Brent futures were down 49 cents or 0.76 percent, at 64.32 dollar when report last came in. Yesterday Brent fell 1.1 ...

Sensex slumps 407 points to end at 34,006

Stocks tripped over the growing worries about rise in interest rates and a global rout in equities today. The benchmark Sensex fell 1.18 per cent to close at a one-month low and the broader Nifty 1.15 per cent, crashing below the 10,500 level.The 30-share Sensex closed lower by 407 points at 34,006....

All major Asian markets slump today

All major Asian markets slumped today. Shanghai Composite Index was the top loser as it plunged 4 point 19 per cent. Hong Kong&apos;s Hang Seng fell 3 point 20 percent. Tokyo&apos;s Nikkei 225 was down 2.38 per cent. Seoul&apos;s Kospi lost 1.86 per cent and Singapore&apos;s Straits ...

Sensex slumps 407 points to end at 34,006

Domestic stock markets, which had bounced back yesterday after falling for seven straight days, today plunged again to close 1 point 18 per cent down. The Sensex at the Bombay Stock Exchange slumped 407 points to end at 34,006. Similarly, the Nifty at the National Stock Exchange lost 122 points, or ...

Gold gains 220 rupees to 31,170 rupees per 10 gram

Gold gained 220 rupees to 31,170 rupees per 10 gram at Delhi&apos;s bullion market today. It snapped a two-day losing streak on fresh buying by local jewellers to meet the ongoing wedding season demand.Silver also recovered by 330 rupees to 39,230 rupees per kilogram backed by increased offtake ...

RBI cautions users of virtual currencies like Bitcoin<br/>

The Reserve Bank of India has cautioned the users, holders and traders of virtual currencies like Bitcoin. The role of operators trading in crypto currencies is being studied.Their financial, operational, legal and security-related risks are being examined. This was stated by Minister of State for F...

54% hiked for smart city mission in budget: Hardeep Singh Puri