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The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.

Small savings rate may see moderation next quarter: DEA secy

Government refrained from cutting interest rates on small savings schemes, including Public Provident Fund.

3 Feb 2020 12:02 PM IST

On Monday Hinduja Group flagship Ashok Leyland, Indias third biggest commercial vehicle maker, said it will observe a total of 59 non-working days in five plants this month.

Ashok Leyland sales down 40 pc at 11,850 units in Jan

Light commercial vehicle sales last month stood at 3,901 units as compared to 4,870 units in January 2019, down 19.8 per...

3 Feb 2020 11:31 AM IST

The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

India's manufacturing sector activity hits near 8-year high in January

The IHS Markit India Manufacturing PMI rose from 52.7 in December to 55.3 in January

3 Feb 2020 11:26 AM IST

According to forex experts, the rupee would continue to remain weak on global and domestic concerns.

Rupee slips 34 paise to 71.66 against US dollar in early trade

Rupee weakened amid concerns of fiscal slippage and rising coronavirus outbreak fears.

3 Feb 2020 10:26 AM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

Budget overhang, RBI policy, Q3 earnings to decide market course this...

The Reserve Bank will on Thursday announce its first bi-monthly monetary policy post-Budget.

3 Feb 2020 10:16 AM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex drops over 150 points; Nifty below 11,700

After swinging over 300 points in early session, the 30-share BSE index was trading 125.45 points.

3 Feb 2020 10:01 AM IST

Finance Minister Nirmala Sitharaman on Friday said that every single rural family will have electricity and a clean cooking facility by 2022. (Photo: ANI)

Dividend will be taxed in hands of investors: FM

The removal of DDT will lead to estimated annual revenue forgone of Rs 25,000 crore.

2 Feb 2020 5:50 AM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Non-taxpaying NRIs will be taxed as Indian residents

The Budget also proposed to reduce the period of stay in India to 120 days from 182 days earlier for PIOs to be...

2 Feb 2020 5:43 AM IST

The new personal income tax rates will entail estimated revenue forgone of Rs 40,000 crore per year.

New tax regime gives with one hand, takes away with the other

Analysts claim there won't any great savings under new tax regime.

2 Feb 2020 5:39 AM IST

Union finance minister Nirmala Sitharaman

Mega talkathon Budget

Fiscal deficit pegged at 3.5%; Nominal GDP to be 10%; Capex scaled to 21%.

2 Feb 2020 5:23 AM IST

Congress leader Rahul Gandhi

Budget fails to address creation of jobs: Opposition

The ruling BJP though hailed it as visionary and futuristic, growth-oriented and all-inclusive .

2 Feb 2020 4:31 AM IST

Finance minister Nirmala Sitharaman

Archaeological sites to be developed into iconic sites

In this context, the Budget proposed to develop five archaeological sites as iconic sites with onsite museums.

2 Feb 2020 4:26 AM IST