New Delhi/Chennai, Jan 21 (SocialNews.XYZ) The NDA government is moving to decriminalise the Income Tax Act and the Prevention of Money Laundering Act (PMLA) as part of steps towards restoring business confidence. These are among…
By Arul Louis United Nations, Jan 20 (SocialNews.XYZ) The International Monetary Fund, which sharply cut India’s growth rate, is projecting a recovery in 2020-21, the organisation’s Chief Economist Gita Gopinath said on Monday. The recovery…
New Delhi, Jan 20 (SocialNews.XYZ) Three years after demonetization, a closer scrutiny by the tax department, using data analytics, revealed that many jewellers allegedly deposited cash in the banks much in excess of their known…
New Delhi, Jan 20 (SocialNews.XYZ) Consumer sentiment has nosedived by 7.3 percentage points in January 2020, according to the latest India Primary Consumer Sentiment Index (PCSI), as measured by Thomson Reuters, in partnership with Ipsos….
New Delhi, Jan 20 (SocialNews.XYZ) Ahead of the January 23 deadline, Bharti Airtel, Vodafone Idea and Tata Teleservices have approached the Supreme Court seeking modification in its verdict in the Adjusted Gross Revenue (AGR) matter…
New Delhi, Jan 20 (SocialNews.XYZ) India’s domestic air passenger traffic rose 3.74 per cent in 2019 on a year-on-year basis, as per official data released on Monday. According to the Directorate General of Civil Aviation…
By Arul Louis United Nations, Jan 20 (SocialNews.XYZ) Drastically slashing India’s growth estimate to 4.8 per cent for the current fiscal year, the International Monetary Fund on Monday blamed its economic slowdown for a “lion’s…
Mumbai, Jan 20 (SocialNews.XYZ) A recent report on Monday showed that India’s richest 1 per cent of the population hold 42.5 per cent of national wealth while the bottom 50 per cent, the majority of…
New Delhi, Jan. Jan 20 (SocialNews.XYZ) Power Exchange India Ltd (PXIL) has upgraded its trading platform, enabling creation of real-time power market (RTM) from Monday. The new platform called PRATYAY will allow more flexibility in…
By Subhash Narayan New Delhi, Jan 20 (SocialNews.XYZ) As part of efforts to incentivise the power sector and make its operations viable, the government is looking to extend the benefit of lower corporate tax to…
By Arul Louis United Nations, Jan 20 (SocialNews.XYZ) Calling it one of the “negative surprises”, the International Monetary Fund (IMF) on Monday sharply cut India’s growth estimate for the current fiscal to 4.8 per cent,…
Mumbai, Jan 20 (SocialNews.XYZ) Sensex and Nifty closed nearly 1 per cent lower on Monday owing to the sell-off in index-heavyweights like Reliance Industries, Kotak Mahindra Bank, HDFC Bank and TCS over their weaker than…
Bhubaneswar, Jan 20 (SocialNews.XYZ) With the commissioning of five fertiliser plants, the Central government is expecting to achieve zero import dependency of urea in the country, said Union fertiliser secretary Chhabilendra Roul on Monday. The…
New Delhi, Jan 20 (SocialNews.XYZ) Commerce Ministry’s proposal to cut the quota for purchasing liquor at duty-free shops to one bottle has left private airport operators in a tizzy. A senior official of a private…
Thiruvananthapuram, Jan 20 (SocialNews.XYZ) Starting off by doing odd jobs after moving to the Middle East in the 1980s, arrested NRI businessman C.C. Thampi’s story is a typical rags-to-riches one. The Enforcement Directorate arrested him…
New Delhi, Jan 20 (SocialNews.XYZ) Indian investors are expecting the upcoming Union Budget to be focused on boosting rural consumption and demand as wider relief to taxpayers is unlikely given government’s restricted fiscal space. Brokerages…
Srinagar/New Delhi, Jan 20 (SocialNews.XYZ) Lieutenant Governor Girish Chandra Murmu has said that the first-ever Jammu and Kashmir global investors summit will be held in the region in April. Speaking at a pre-investors’ global summit…
By Anjana Das New Delhi, Jan 20 (SocialNews.XYZ) The fiscal deficit for FY20 and its roadmap for FY21 could be heading towards a recalibration with the February Budget slated to hint at the targeted 3…
New Delhi, Jan 20 (SocialNews.XYZ) The dismissal of the review petition by the Supreme Court of Airtel and Vodafone poses a stiff challenge to Vodafone Idea’s survival while Airtel has prepared itself with funds to…
New Delhi, Jan 20 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Monday kicked off the countdown to the Union Budget on February 1 by joining the ‘Halwa’ ceremony and with this the the Budget paper printing…