Business

February 17, 2017 6:27 PM

Government cuts tenure of next SEBI's chairman Ajay Tyagi<br/>

The government today curtailed tenure of Ajay Tyagi as next chief of capital market regulator SEBI by two years. This comes barely a week after his name was cleared to succeed incumbent U K Sinha with a five-year term.Tyagi will now join as the Securities and Exchange Boardof India (Sebi) Chairman f...

February 17, 2017 2:15 PM

Foreign tourist arrivals seen growth of 16.5% in Jan 2017 as compared Jan 2016

Foreign tourist arrivals to India for the month of January this year has seen a growth of 16.5 percent as compared to the same period last year. An official release said, the number of Foreign Tourist Arrivals in January were 9.83 lakh.During the month, a total of one lakh 52 thousand tourists arriv...

February 15, 2017 9:04 PM

Exports rise for fifth month in a row, up 4.3% in January

The country&apos;s exports rose 4.3 percent in January this year, year-on-year, to 22.1 billion dollars. According to Commerce Ministry data, imports climbed 10.7 percent, to almost 32 billion dollars in January. Higher imports widened the trade deficit to 9.8 billion dollars during the month. B...

February 15, 2017 4:52 PM

Tax department's mobile app for income tax, PAN soon

The Income Tax department is developing an App that will soon allow assesses to pay taxes or apply for PAN using smartphones. The department is also working on a project to issue Permanent Account Numbers, PAN to assesses within minutes by way of e-KYC authentication using Aadhaar. It will help brin...

February 14, 2017 1:56 PM

Wholesale inflation rises to 30-month high of 5.25% in January this year

Wholesale inflation rose to a 30-month high of 5(point)25 per cent in January this year. Inflation rose amid climbing global crude oil prices, even though food prices moderated. Wholesale price index based inflation had stood at 3.39 per cent in December last year, and minus 1.07 per cent in January...

February 13, 2017 7:49 PM

Retail inflation slips to 3.17 per cent in January

Retail inflation fell to 3(point)17 per cent in January this year, mainly on account of declining prices of food items. This is the lowest level of retail inflation in at least over three years. Retail inflation, measured in terms of the Consumer Price Index, had stood at 3.41 per cent in December l...

February 12, 2017 3:26 PM

I-T dept extends response window on deposit details to Feb 15

The Income Tax department has extended the date for replying to the queries on cash deposits during the demonetisation period till Wednesday.On 31st of last month, the tax department had launched &apos;Operation Clean Money&apos; under which it had sent out SMS and e-mails to 18 lakh assesse...

February 11, 2017 8:08 AM

India's Forex increase by USD 1.588 billion to USD 363.146 billion

India&apos;s foreign exchange reserves increased by 1(point)588 billion US Dollar to 363(point)146 billion US Dollar in the week ended 3rd February 2017. A RBI press release has informed that foreign currency assets, a major part of the overall reserves increased by 914.7 million to 340.126 bill...

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