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Sebi regulates Indias capital market. (Photo: PTI)

Govt eyeing surplus funds lying with SEBI to bridge fiscal deficit gap

The government has already sought dividend of about Rs 13,000 crore from the Reserve Bank of India for 2016-17.

4 Feb 2018 1:54 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.

Budget non-populous, special scheme without substance: Green body

Presenting his 5th straight budget in the Lok Sabha, Arun Jaitley had said air pollution in the Delhi-NCR region was a...

4 Feb 2018 11:21 AM IST

Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley on Saturday said the sector would lead the current consolidation phase of the economy. (Photo: PTI)

Jaitley launches CriSidEx, India's 1st sentiment index to help MSEs

Banks are really ready to support the MSME sector and they being major employment generator.

3 Feb 2018 4:01 PM IST

Indias forex reserves have shot up considerably.

Forex reserves soar by USD 3 billion to USD 417.789 billion

Earlier, foreign exchange reserves registered a new high of USD 414.784 billion in the week to January 19.

3 Feb 2018 12:39 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

Inflation risks overdone; RBI rate cut likely in Aug: report

RBI in its fifth bi-monthly review of this fiscal kept repo rate unchanged at 6 pc and reverse repo at 5.75 pc.

3 Feb 2018 11:21 AM IST

Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

Govt expects lower dividend proceeds from PSUs in FY19

As per Budget estimate for 2017-18, the govt expected Rs 67,529.24 crore from central PSUs.

3 Feb 2018 11:12 AM IST

Inflation based on the Wholesale Price Index was 0.90 per cent in June 2017 and 0.63 per cent in July 2016.

Retail inflation for industrial workers rises to 4 per cent in Dec

Food inflation stood at 4.32 per cent against 3.91 per cent of the previous month.

3 Feb 2018 10:45 AM IST

Revenue deficit target of 2 per cent of GDP will be met in current fiscal, the deficit would be 1.9 per cent in the next.

Rs 80,000 crore divestment, 3.3 per cent deficit target achievable:...

Imposition of a 25 per cent corporate tax on MSMEs with turnover of less than Rs 250 crore is yet another step in the...

2 Feb 2018 5:38 PM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Big corporates cry foul over no tax relief in budget 2018

Jaitley in budget for 2018-19 announced lowering of corporate tax rate to 25 pc for businesses with a turnover of up to...

2 Feb 2018 5:28 PM IST

Bitcoin has more than tripled in price since the start of October, putting it on track for its best quarter since the end of 2013, when it surged above $1,000 for the first time.

I-T will tax bitcoin trade, has issued few lakh notices: CBDT

The government in December cautioned investors to be wary of virtual currencies like bitcoin.

2 Feb 2018 4:07 PM IST

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

'Cut in corporate tax to boost MSMEs growth'

On Thursday, Arun Jaitley proposed to lower corporate tax rate to 25 per cent for businesses with turnover up to Rs 250...

2 Feb 2018 3:41 PM IST

Terming the move as unnecessary, party spokesperson Rajeev Gidara said there was already a clear distinction between tractors being used for agricultural purposes and ones used for non-agriculture purposes.

Budget 2018 aims to transform farm sector in a big way: Agri Secretary

The farm credit target has been raised to Rs 11 lakh crore for 2018-19 from Rs 10 lakh crore this year.

2 Feb 2018 2:22 PM IST