Sensex crashes over 800 points; Nifty slips below 10,800
February 02, 2018 The post-budget sell-off dragged the Sensex down by a whopping 800 points while the broader Nifty cracked the 10,800-mark on all-round selling The long-term capital gains tax on equities and and 10 per cent tax on distributed income from equity-oriented mutual funds hit sentiments. Market mood suffered another setback after Fitch Ratings […]
J&K Bank Q3 net profit at Rs 72.47 cr
srinagar:-Jammu & Kashmir Bank on Wednesday reported a net profit of Rs 72.47 crore during third quarter ended December 31, 2017. The bank had reported a net loss of Rs 498.47 crore in the October-December quarter of 2016-17. A fall in bad loan proportion helped the bank report profit on its books. The gross non-performing […]
Sensex slides 69 points ahead of Budget; ends below 36,000
January 31, 2018 The BSE Sensex slipped 69 points to close below the key 36,000-mark on Wednesday following offloading of bets by retail investors and fresh capital outflows by foreign funds amid mixed global cues. Investors remained on the sidelines ahead of the Budget to be presented tomorrow. The 30-share index remained in the negative […]
Rupee down 13 paise vs US dollar in late morning
Mumbai, Jan 31: The rupee declined by 13 paise to trade at 63.73 against the US currency in late morning deals following continued bouts of month-end dollar demand from importers and banks amid lower domestic equities. The rupee opened lower at 63.67 per dollar as against yesterday’s closing level of 63.60 at the inter-bank foreign […]
Equities rise after Economic Survey pegs fiscal growth at 6.75%
Mumbai, Jan 29 : Key Indian equity indices continued to gain during the mid-afternoon trade session on Monday after the Economic Survey for 2017-18 tabled in Parliament pegged the country’s growth at 6.75 per cent for the current fiscal and 7 to 7.5 per cent in 2018-19. “A series of major reforms undertaken over the […]
FM hints at further rejig of GST rates
January 27, 2018 Finance Minister Arun Jaitley today said the goods and service tax has stabilised in a very short time that provides an opportunity to widen its base and further rationalise the rates in the future. Also, he said the GST has brought about an entire change in the indirect tax system in the […]
Income tax relief soon? Deduction may be raised to Rs 2.5 lakh
January 25, 2018 The finance ministry is considering giving relief to taxpayers in the form of higher income tax deduction, said two government officials familiar with the developments. The current relief is Rs 2 lakh and discussions are on to increase it to at least Rs 2.5 lakh. The extra deduction, however, will be available […]
Petrol prices at 3-year high; diesel at record high
New Delhi, Jan 24 : Petrol and diesel prices kept spiralling even on Wednesday, touching new highs in the national capital and other metros. Petrol was sold at Rs 72.43 per litre in Delhi, the highest in three years. It cost Rs 72.51 on August 2014, according to data from Indian Oil Corp. In Kolkata, […]
Budget 2018: Good news for health insurance likely
January 15, 2018 Health insurance premiums could get larger tax breaks, as the finance ministry has asked the apex body of general insurance firms to examine the proposal for the Budget 2018-19. The government is willing to consider the demand, since health insurance costs have moved centre stage in the policy circles. The Narendra Modi-led […]
Why Jaitley is under no pressure to present a populist Budget
January 15, 2018 A view, currently shared by a large number of people, is that the Union government’s Budget for 2018-19 will be populist. The argument is that this will be the last full Budget of the Modi government in its current tenure. Hence, it will make sense for Finance Minister Arun Jaitley to dole […]
