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The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Govt mulling another booster dose to reinvigorate economy

The blue print for the stimulus is ready that would be announced by FM Nirmala Sitharaman in the next few days, an...

17 Sept 2019 6:39 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Petrol, diesel price see steepest hike since Budget, govt says...

Petrol price was increased by 14 paisa per litre to Rs 72.17 and diesel by 15 paisa to Rs 65.58 per litre in New Delhi.

17 Sept 2019 5:45 PM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Sensex crashes 642 points as crude oil woes persist

After nosediving 704 points, the 30-share Sensex ended 642.22 points, or 1.73 per cent, lower at 36,481.09.

17 Sept 2019 3:58 PM IST

According to a conservative estimate of Directorate of Revenue Intelligence (DRI), the total market of smuggled gold in India is nothing less than Rs 9,000 crore.

Gold falls Rs 150 per 10 gm on weak demand

Gold is trading at Rs 38,905 per 10 gram in the bullion market here on Tuesday due to weak demand.

17 Sept 2019 3:53 PM IST

Automobile industry had approached the GST Council and government seeking to reconsider keeping the category at 28 per cent plus 15 per cent cess.

No slowdown in automobile sector, claims traders body CAIT

There is no slowdown in automobile sector. They are saying this to get a package from government, said CAIT's Praveen...

17 Sept 2019 3:14 PM IST

Rising oil prices could cause significant inflation, dampen economic growth and alter geopolitics in multiple ways this year.

Emerging economies like India more vulnerable to big oil price moves:...

According to the report, when rise in oil prices are driven more by supply-side factors it is more damaging to large net...

17 Sept 2019 3:00 PM IST

London firefighters combed through the burned-out public housing tower Thursday in a grim search for missing people as police and the prime minister launched investigations into the deadly inferno, with pressure building on officials to explain the disaster and assure that similar buildings around the country are safe. (Photo: AP)

Govt's fund will help complete up to 2.5 lakh housing units

The current fund allocated when fully utilised would aid in completing about 1.6 lakh units.

17 Sept 2019 2:53 PM IST

Employees Provident Fund Organisation or EPFO stores members PF corpus.

Over 6 cr EPFO members to get 8.65 pc interest for 2018-19: Labour...

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

17 Sept 2019 1:44 PM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Sensex crashes over 500 points; Nifty falls below 10,900

The 30-share index was trading 459.89 points, or 1.24 per cent, lower at 36,661.81 at 1330 hours.

17 Sept 2019 1:43 PM IST

ADB will provide Rs 1,650 crore, out of which 80 per cent will be grant-in-aid and the state will have to repay 20 per cent loan in due course of time.

ADB President Takehiko Nakao resigns

Takehiko also emphasized ADB must continue to be an important centre for fostering cooperation and friendship among...

17 Sept 2019 1:27 PM IST

Electric vehicle is the future transport.

To save Rs 6,000 crore, convert 25 pc of all vehicles to electric by...

Report proposes creation of a single-window clearance that provides simpler processes for registering electric vehicles.

17 Sept 2019 12:26 PM IST

IPPL aims to provide financial support to the deserving candidates and thereby take a step in bridging the gap in education financing in India.

IndianOil Petronas to offer scholarship to supports economically...

More than 6 Lakh students have registered on the Vidyasaarathi portal and 24 corporates have collaborated so far.

17 Sept 2019 11:23 AM IST