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The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Highest personal I-T rate in India still lower than in China, US,...

Following increase in surcharge, effective income tax rate for individuals with income of Rs 2-5 crore will go up to 39...

7 July 2019 4:00 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Markets to see Budget overhang this week; IIP, inflation data eyed:...

Analysts said that now that the much-awaited Budget is over, focus will shift to first quarter earnings starting...

7 July 2019 3:05 PM IST

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Govt assessed smuggling dimension while raising import duty on gold:...

Finance Minister Nirmala Sitharaman hiked import duty on gold and other precious metals in Budget to 12.5 pc from 10 pc.

7 July 2019 1:45 PM IST

The organic hub plan for the Northeast seeks to encourage natural farming of crops, vegetables and fruits in the eight states without the use of fertilisers and pesticides. (Representational image)

Kharif sowing hit by deficit rains; acreage down 27 pc so far

Rice, the main kharif crop, was sown in 52.47 lakh hectare till last week, down from 68.60 lakh hectare in the year-ago...

7 July 2019 12:18 PM IST

Rising input costs due to strengthening of the US dollar and increase in oil prices will make price hikes of consumer durable products inevitable from June, Godrej Appliances said.

GCPL Chairman Adi Godrej's FY19 remuneration 114-times higher than...

The number of permanent employees on the payrolls of the company as on March 31, 2019 was 2,781, the report said.

7 July 2019 11:59 AM 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.

Seven of top-10 firms add Rs 53,732 cr in m-cap; HDFC leads

Among the gainers, the valuation of HDFC zoomed Rs 14,941.11 crore to Rs 3,93,135.72 crore.

7 July 2019 11:46 AM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.

Foreign investors pull out Rs 475 cr from Indian markets in first week...

As per latest data, FPIs withdrew amount of Rs 3,710.21 crore from equities but invested Rs 3,234.65 crore in the debt.

7 July 2019 11:38 AM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Govt working as an accountant for every taxpayer: CBDT Chairman

The CBDT Chairman said he is confident of achieving the Rs 13.35 lakh crore target for direct tax collections in...

6 July 2019 5:16 PM IST

Noted economist Rajiv Kumar interacts with the the media after taking charge as the Vice-Chairman of NITI Aayog, in New Delhi. (Photo: PTI)

Budget clean break from past, sets out agenda for Modi 2.0 govt: Rajiv...

Narendra Modi government had exempted people with earnings of up to Rs 5 lakh from payment of income tax.

6 July 2019 4:30 PM IST

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

Petrol, diesel costlier by around Rs 5 per litre in Rajasthan

The Centre on Friday announced a Re 1 per litre increase each in excise duty and road cess levied on the fuels.

6 July 2019 3:43 PM IST

Iran imports Assam orthodox tea and the price of this variety has gone up by Rs 30 to 35 per kg in recent auctions in Kolkata.

Tea industry seeks exemption of TDS on cash withdrawal

The tea body said that the wages paid to the tea garden workers were both in cash and in kind.

6 July 2019 2:56 PM IST

The recovered gold bars.

Gold discounts at three-year peak after import duty increase

Gold futures jumped more than 2 per cent following the budget announcement to hit a record high of 35,100 rupees per 10...

6 July 2019 1:12 PM IST