Tuesday , February 21 2017

Tag Archives: Business news

The inflation measure of WPI rise to 5.25%, since July 2014

Inflation

The Wholesale inflation raised  to a high of 5.25 per cent in January due to rise in  crude oil prices, petrol and high speed diesel prices.  The Wholesale inflation of India flew to a 30-month high of 5.25 per cent in January due to rising prices of petrol and diesel and ...

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Bank loans expected to bounce back

bank loans

  Commercial bank loans are expected to pick up this year as increasing using costs in bond market and higher private investment rise up credit demand, after offering growth in 2016 was the slowest in seven years. The constant bond harvest points added borrowing costs to debt instrument issuers and ...

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Income Tax Slabs: Here Are New Tax Rates Applicable From April 2017

income tax

Bringing some happiness to the individual tax payers, Finance Minister Arun Jaitley reduced the income tax rate to 5 percent for individuals having taxable income between Rs 2.5-Rs 5 lakh compared to 10 percent earlier. In the meantime, Mr Arun Jaitley increased the tax burden of people having taxable income ...

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100% penalty for cash transactions over ₹3 lakh: Hasmukh Adhia

cash transactions

Supposing you do a transaction of ₹4 lakh in cash, then the penalty would be ₹4 lakh. If you do a transaction of ₹50 lakh, penalty would be ₹50 lakh” Revenue Secretary Hasmukh Adhia says Delhi: In an attempt to check generation of black money, a steep penalty awaits those accepting ...

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Union Budget 2017: Relief for earnings up to Rs 5 lakh

Union-budget

Union Budget for the year of 2017-18 was finalized on Wednesday New Delhi: Softening the demonetization blow, the Budget for 2017-18 on Wednesday share out the tax to five per cent on incomes up to Rs 5 lakh but recommended a new surcharge of 10 per cent on incomes among ...

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Sensex bounces, metal stocks lead gains

Sensex

Mumbai: Investors went on bargain hunting today that aided the benchmark Sensex stage an uncertain recovery at 27,117 at the close as hopes grew that the upcoming Budget on February 1 would contain steps that can affluence the impact of the cash ban. The market, which continued range-bound for the ...

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Govt asks Aircel to port 2G customers if SC orders adverse

aircel

Aircel directive applies only for only 2G administered spectrums in about 14 circles. New Delhi: The government has requested Aircel to aid its 2G mobile customers to port their numbers to other telephonic operators in case the Supreme Court was to give out an adverse order. The Supreme Court had previously ...

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Arun Jaitley begins Budget process with halwa

Arun Jaitley

Finance minister Arun Jaitley kicked off the process of printing of budget on Thursday with the traditional halwa ceremony at the North Block New Delhi: Even as the EC is yet to give a decision whether Union budget could be presented on February 1, Finance minister Arun Jaitley kicked off ...

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Flipkart launches safety feature for delivery staff

Flipkart

Flipkart unveiled Project Nanjunda, a unique SOS button in the Field Executive’s Mobile app. New Delhi: E-commerce giant Flipkart has launched an SOS button to help its field executives raise quick alarm in cases of medical or safety emergencies. “To ensure greater safety for Field Executives (FEs), popularly known as ...

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Labour intensive sectors may get easy credit flow soon

Labour intensive

DIPP and Department of Financial Services among others will meet on January 23 to discuss Labour intensive issue New Delhi: Labour intensive in sectors like gems & jewellery and textiles may soon get easy flow of credit as the government is working on the subject on account of demonetization. Top officials ...

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