Business

APY or Atal Pension Yojana is a pension scheme focused on the unorganised sector. Launched in 2015, the Ayal Pension scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA). The scheme encourages workers from the unorganised sector to save

Finance Minister Nirmala Sitharaman on Friday announced that people who do not have PAN (permanent account number) will soon be able to file their ITR (income tax return) just by quoting their Aadhaar number. PAN has so far been mandatory for filing an ITR. Ms Sitharaman, while

Prime Minister Narendra Modi on Saturday said his government's Budget for 2019-20 lays down a roadmap for nearly doubling the size of the Indian economy to $5 trillion in five years by raising per capita income, boosting consumption and increasing

The government aims to raise up to Rs 15,000 crore ($2.18 billion) by reducing its stake in 18 state firms to 75 per cent, a finance ministry official involved in the matter said on Monday, as it looks to boost revenues and rein in the

The centre plans a major overhaul of the definition of state-run companies where an entity will continue to qualify as a public sector undertaking (PSU) even if the government holding falls below 51 per cent.

In an interview with IANS, Finance Secretary Subhash Chandra Garg indicated that the government may consider amending laws that

GoAir announced the launch of new international flight connections at a starting all-inclusive price of Rs 8,299, according to the carrier's website - goair.in. The new daily flights introduced by the airline, will be operational on Mumbai-Abu Dhabi,

Maruti Suzuki India shares fell nearly 6 per cent in intraday trade on Monday, extending its fall to a second straight day after the carmaker reported a reduction in production. On the Bombay Stock Exchange (BSE), the Marurti Suzuki India share price opened lower

The taxman will "suo motu" allot a fresh PAN to a person who files I-T returns with only Aadhaar as part of a new arrangement to link the two databases, the CBDT chief said after the Budget proposed that only the biometric ID is enough for tax purposes. The PAN (permanent account number) is "certainly not dead" and the recent Budget

The head of country's income tax policy-making body on Saturday assured the start-up community that all concerns related to 'angel tax' have been "sorted out" and they should now concentrate on their business without worrying about the taxman or I-T notice. Central Board of

The S-P BSE Sensex and NSE Nifty 50 indexes plunged for a second straight session and were on track to post biggest single-day decline in over nine months after the government proposed to increase the minimum public shareholding in listed companies and to raise the tax incidence for foreign portfolio

The national biometric ID Aadhaar can now be quoted for cash transactions of more than Rs 50,000 and all other purposes where traditionally income tax PAN number was a must, according to a top official. Banks and other institutions will make backend

Government will closely monitor its shadow lending sector, the Finance Minister said on Saturday, a day after announcing the RBI would get much more regulatory authority over non-banking financial companies (NBFCs).

Prime Minister Narendra Modi's

Late Steve Jobs who co-founded Apple was a master at "casting spells" to keep employees motivated and working long hours, according to Microsoft co-founder Bill Gates. Despite that, said Mr Gates, Mr Jobs was an example of "don't do this at home" in his style of leadership, reports CNBC.

"I was like a minor wizard because he would be

Even as the government envisages to make India a global hub for electric vehicle (EV) manufacturing, sectoral experts cite the need for a sustained effort to accelerate the production and demand growth of the industry in the country.

"The budget proposals will lead to demand activation in the EV space. However, a sustained push is

Petrol prices on Saturday was increased by a minimum Rs 2.40 per litre and diesel by Rs 2.36, a day after Finance Minister Nirmala Sitharaman proposed to raise taxes on the fuels. Petrol price in Delhi was increased by Rs 2.45 per litre to Rs 72.96 while the

Traditionally, India's finance minister carries the annual budget to Parliament in an old-fashioned briefcase; photographs of him holding the briefcase up are usually splashed across the front pages the next day. Finance Minister Nirmala Sitharaman, the first woman to hold the post, broke tradition last Friday by carrying her budget in a folded

Finance Secretary Subhash Chandra Garg said increased petrol and diesel prices after the duty hike will have "very marginal impact" on inflation and any worry on that front is immaterial. He also said the government expects Rs 90,000 crore from the Reserve Bank of India (RBI) as dividend during the current fiscal year. Post the rise in

Finance Minister Nirmala Sitharaman in her first Budget made no changes in the income tax structure. However, she announced a slew of new income tax proposals that could impact many tax payers. "We are thankful to the taxpayers who play a major role in nation building by paying their taxes. However, in view

Domestic stock markets are set to start the week on a lower note today tracking weakness in global peers, as indicated by the Nifty futures traded on Singapore Exchange. The SGX Nifty futures were last seen trading 63.00 points - or 0.53 per cent - lower at 11,754.50. Equities in other Asian markets were broadly weaker tracking Wall Street which f

SpiceJet has extended its "Monsoon Sale" till July 7, said the airline on microblogging website Twitter. Under the offer, the private carrier is offering domestic and international tickets from Rs. 888 and Rs. 3,499, respectively. SpiceJet's offer is valid for travel till September 25, according to the airline's website, spicejet.com. However, the

Former Finance Minister Arun Jaitley on Saturday said the Budget 2019 lays down the roadmap for India to get back on the high growth track and is based on the premise that economies which follow prudent fiscal policies eventually get rewarded as against

Domestic stock markets started Monday's session on a lower note, extending their losses to a second straight day, amid weakness in global peers. The S-P BSE Sensex index fell as much as 435.23 points to 39,078.16 in

Key macro-economic data points on industrial production and inflation rates along with the commencement of the quarterly result season will determine the movement of equity indices next week, analysts opined.

According to market observers, even the direction

The government on Friday proposed to increase the income tax exemption limit on withdrawal from National Pension System (NPS) to 60 per cent, from the existing 40 per cent. NPS is a government-sponsored retirement planning instrument. In NPS, a government employee contributes

Deutsche Bank plans to cut 18,000 jobs in a sweeping, 7.4-billion-euro overhaul designed to turn around Germany's struggling flagship lender.

The plan represents a major retreat from trading by Deutsche Bank, which for years had tried to

Government may seek more time from market regulator Sebi for public sector enterprises and state-owned banks to comply with changes in the minimum public shareholding norms for listed companies proposed in the budget, Finance Secretary Subhash Chandra

The proposed increase in gold import duty in the Union budget from 10 per cent to 12.5 per cent will "negatively impact" the yellow metal industry in India, stakeholders said on Friday. Jewellers also said rise in import duty may lead to illegal trade

Airlines are offering discounts on bookings and have introduced new flights. Private carrier SpiceJet is offering flight tickets at a starting all-inclusive price of Rs. 888 in a limited-period scheme. The airline has also announced new international flights. On Saturday, GoAir announced the launch of new international flights at a starting

The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore ($556 million) in Bhushan Power - Steel Ltd's account to the Reserve Bank of India (RBI).

The fraud, "alleging diversion of funds from the banking

Domestic gold prices in India jumped to a record on Friday following an unexpected increase in import duty in the country's budget, hitting demand and forcing dealers to offer the highest discount in nearly three years.

Dealers in India, the world's second biggest gold