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Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Income-tax rate for individuals may be cut soon

This has been suggested by a committee set up to recommend changes in the direct tax code.

25 Sept 2019 2:20 AM IST

Vehicle insurance policies, especially of two-wheelers, saw a nearly 500 per cent growth this month, following the implementation of the Motor Vehicle Amendment Act-2019 (MVA) from September 1.

Steep jump in demand for basic motor insurance

Insurers expect the trend to remain for at least a couple of months more, as many more would still be driving without...

24 Sept 2019 1:40 AM IST

The government also said first-time offenders would face a prison term of up to one year and a fine of Rs 1 lakh. The proposed ban, promulgated through an ordinance, will make it illegal to manufacture, sell, transport, distribute, advertise, export or import e-cigarettes.

Centre bans use and sale of e-cigarettes

The government also said first-time offenders would face a prison term of up to one year and a fine of Rs 1 lakh.

19 Sept 2019 1:49 AM IST

A considerable part of Irans gas could be exported via the existing Turkmenistan-China gas pipeline and new oil pipelines can be constructed on the same route.

India likely to buy more oil from Russia

India OMCs may invest more in Russian oilfields.

18 Sept 2019 2:27 AM IST

Amazon sees 50 per cent more sales this year

Kicking off the first road show in the capital, the senior officials of Amazon India said they would hold similar shows...

17 Sept 2019 1:24 AM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Central nod awaited on top insurance vacancies

The Appointments Committee of the Cabinet, headed by PM Modi, is learnt to have not yet cleared the names.

11 Sept 2019 1:29 AM IST

Finance Minister Nirmala Sitharaman (Photo: File)

Govt unveils mega-mergers of PSU banks for economy boost

Number of public sector banks falls to 12, from 27 in 2017.

31 Aug 2019 1:46 AM IST

Finance Minister Nirmala Sitharaman (Photo: File)

Super-rich tax withdrawn; home, auto loans to be cheaper: FM...

Sitharaman also announced a booster investment of Rs 100 lakh crores on building modern infrastructure over the next...

24 Aug 2019 3:31 AM IST

Keeping the flood scenario in many parts of the country, recently the Insurance Regulatory and Development Authority of India (IRDAI) advised insurance companies to expedite claim settlement.

Floods: Insurers expect over Rs 1,000-cr claims

Two senior officials of a public sector insurance company said the industry expects as many as 10,000 floods-related...

23 Aug 2019 1:31 AM IST

In the last sectoral meeting with the real estate sector representatives and homebuyers, Finance Minister Nirmala Sitharaman, on Sunday, said that she would soon address issues affecting the sector and other stakeholders.

Real estate sector gets Finance Minister's word

The government is believed to have decided on a high-level meeting to bring the ailing sector on track.

12 Aug 2019 1:08 AM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

Centre promises all help to MSMEs

Finance Minister Nirmala Sitharaman and MSME Minister Nitin Gadkari met representatives from various MSME sectors on...

7 Aug 2019 2:10 AM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC to have 2 new MDs, interviews soon

According to a top ministry source, the probable candidates have been short-listed for the positions and the interviews...

1 Aug 2019 1:21 AM IST