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A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

Budget 2018: Encourage housing, retirement savings, digital...

Government is widely expected to increase spending to ensure growth recaptures momentum.

30 Jan 2018 1:16 PM IST

A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

Expectations from India's 2018-19 budget

Government is widely expected to increase spending to ensure growth recaptures momentum.

30 Jan 2018 12:51 PM IST

At present, there is a 10 per cent import duty on gold. (Photo: PTI)

Gold demand wanes as jewellers expect import tax cut in budget

Tax evaders prefer to buy smuggled gold since they do not have to pay the 3 per cent GST.

30 Jan 2018 12:02 PM IST

Representational image of gold bars.

Gold futures fall 0.30 per cent on profit-booking, global cues

Gold is trading at Rs 29,969 per 10 grams in futures trade as speculators indulged in profit-booking.

30 Jan 2018 11:45 AM IST

Will Yamaha launch the maxi-scooter in our two-wheeler space?

Yamaha Aerox 155 scooter spied In India

Aerox would easily be priced north of Rs 1 lakh and the Indian market isn't ready for such an expensive scooter yet.

30 Jan 2018 11:25 AM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex retreats from record level, down by 162 points

NSE Nifty too receded from its record closing and dipped below the 11,100-level by losing 64.20 points to 11,066.20.

30 Jan 2018 10:12 AM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

Rupee weakens 9 paise against dollar in opening trade

A weak opening in the domestic equity markets weighed on the domestic unit.

30 Jan 2018 9:50 AM IST

Ola and Uber is giving tough comeptition to BEST.

Ola to expand to Australian market

Ola has over 125 million users and more than one million driver-partners across 110 cities on its platform in India.

30 Jan 2018 9:42 AM IST

Union Finance Minister Arun Jaitley addresses a Post-Budget press conference in New Delhi on Wendnesday. (Photo: PTI)

Economic Survey upbeat, predicts 7.5 per cent growth

India will be reinstated as fastest growing major economy in 2018-19.

30 Jan 2018 4:52 AM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

GST, note ban to push tax revenue higher: Survey

The Survey pointed out that one of the aims of demonetisation and GST was to increase the formalisation of the economy.

30 Jan 2018 12:44 AM IST

Stock prices were at the receiving end as the reporting requirements were higher on shares than purchases of other asset, according to the Economic Survey.

Rally in stocks due to demonetisation

Cash transactions have been regulated and reporting requirements for the acquisition of gold and property have been...

30 Jan 2018 12:42 AM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

Go slow on deficit cap: Survey

Cautions FM against setting ambitious targets for fiscal consolidation on optimistic forecasts ahead of polls

30 Jan 2018 12:40 AM IST