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To improve tax compliance, the Economic Survey 2018-19 on Thursday suggested that the government could consider giving top 10 taxpayers in each district recognition by way of "diplomatic"- type privileges at immigration counter, express boarding at

Indiamart InterMESH shares made a strong debut on stock markets today. Indiamart shares surged as much as 35.40 per cent to Rs 1,317.70 on the National Stock Exchange from its issue price of Rs 973. On the BSE, Indiamart shares surged 37.60 per cent to touch high of Rs

Mindtree Ltd said on Wednesday that conglomerate Larsen - Toubro Ltd has acquired a 60.06 per cent stake in the Indian IT services company.

L-T will be categorised as a promoter in Mindtree, the company added.

The report comes within months of Mindtree

The Indian rupee on Thursday furthered its gains by another 39 paise to 68.50 a dollar, tracking firmer emerging market currencies, lower crude oil prices, even as participants keenly awaited the Union Budget to be unveiled on Friday. At the forex

The S-P BSE Sensex and NSE Nifty 50 Indexes edged marginally higher ahead of presentation of the Economic Survey later in the day. The upside was capped in morning trading as gains in Tata Consultancy Services, Infosys, Axis Bank, Infosys, HDFC Bank and Larsen - Toubro was offset by losses in Tata Steel, HDFC, Mahindra - Mahindra, HCL

The S-P BSE Sensex and NSE Nifty 50 indexes ended on a flat note ahead of the presentation of Economic Survey for financial year 2018-19 by the Chief Economic Adviser Krishnamurthy Subramanian. For most part of the day, Sensex and Nifty traded in a narrow range. The Sensex traded in a range of 200 points while Nifty 50 Index touched high of

Finance Minister Nirmala Sitharaman will announce her first budget today, outlining the priorities of Prime Minister Narendra Modi in his second term after a massive election victory. Nirmala Sitharaman, India's

An Economic Survey is an annual document prepared by a government reviewing the economic developments over the past year. From policymakers, to economists to analysts, businessmen and researchers, the

Can you expect reintroduction of an inheritance tax in the upcoming Budget? It is possible, say some experts. Abolished in 1985, an inheritance tax or estate tax is aimed to raise revenues from those who inherit wealth. Many analysts see this as a measure to tax the super rich in the country. At a time marked with shrinking tax collections and

Former Reserve Bank of India governor Urjit Patel has warned against the temptation to deploy public sector banks to kick-start growth via mass-scale lending without proper regulations, as it has the potential to flare up the

Department of Posts or India Post, which operates a network of more than 1.5 lakh post offices and over three lakh postmen across the country, offers nine types of government-sponsored savings schemes. These are - Post Office Savings Account, 5-Year Post Office Recurring

Private sector airline SpiceJet has announced new international flights at a starting all-inclusive fare of Rs 16,700. The new non-stop daily flights will be operated on the Mumbai-Hong Kong and Hong Kong-Mumbai routes, according to a press release issued by the carrier. Spi

The Economic Survey projects India to clock a growth rate of 7 per cent in financial year 2019-20. The government's Chief Economic Adviser Krishnamurthy Subramanian - the main author of the annual report - mentions a departure from "traditional

The S-P BSE Sensex and NSE Nifty 50 Indexes are set to open on a flat note ahead of the Economic Survey due later in the day as indicated by the Nifty futures trading on Singapore Exchange. Singapore Nifty futures also known as the SGX Nifty was trading flat at 11,948.

Meanwhile, shares in other Asian markets advanced on Thursday, tracking

CNG price in Delhi and its suburbs was hiked on Wednesday by about Re 1 per kg, the seventh increase in rates in 15 months. Indraprastha Gas Ltd (IGL), the sole supplier of CNG to automobiles in the national capital region, said the increase was warranted because of "recent

India needs to almost double its annual spending on infrastructure at $200 billion and the real challenge lies in harnessing private investment, said the Economic Survey 2018-19 tabled in Parliament on Thursday.

To achieve the target of $10 trillion economy size by 2032, a robust and resilient infrastructure system is required, supported

State Bank of India (SBI), the largest lender of the country, offers annuity deposit account, which can be opened by all resident individual including minors. Under SBI's annuity scheme, a lump sum amount is deposited by an investor which is repaid to the

The S-P BSE Sensex and NSE Nifty 50 indexes edged higher in late afternoon deals, a day ahead of the presentation of the Economic Survey for financial year 2018-19. For most part of the day, Sensex and Nifty traded in a narrow range. The Sensex traded in a range of 200 points while Nifty 50 Index touched high of 11,945.20 and a low of

The size of Indian economy has grown to $2.75 trillion in 2018-19 from $1.99 trillion in 2015-16 even as global economy has faltered, according to the Economic Survey 2018-19. When the world economy and emerging markets and developing

State-run Oil India has started the process to sell its 50 per cent stake in Project License-61 in Russia as the performance of the asset didn't meet expectations, Oil Minister Dharmendra Pradhan told lawmakers in a written reply.

Mr Pradhan said on Wednesday the company has not yet decided to exit from its shale assets in the United States.

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International fitness brand, Reeebok has signed Bollywood actor Katrina Kaif as its new brand ambassador in India, Reebok said in a press release. Katrina Kaif has acted in Bollywood films such as Dhoom 3, Agneepath and Jab Tak Hai Jaan, and was last seen alongside

The services sector, which accounts for 54 per cent of country's gross value added (GVA), witnessed a growth rate moderated to 7.5 per cent in 2018-19 as compared to 8.1 per cent in 2017-18, says the Economic Survey 2018-19 report which Finance and Corporate Affairs Minister Nirmala Sitharaman tabled in Parliament on Thursday.

While

In a major step to boost farmers' income, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved an increase in the minimum support prices (MSPs) for all kharif crops in the 2019-20 season.

Union Agriculture Minister Narendra Singh Tomar made the announcement after a meeting of the Union Cabinet and the CCEA chaired by

Mumbai local train services, the sub-urban rail services, on the Central Line which connects Chhatrapati Shivaji Maharaj Terminus (CSMT) in South Mumbai to suburban districts of Thane, Kalyan and Navi Mumbai will run as per Sunday's timetable on

India's Met Department has projected less rains in some region which could affect the crop production in those areas, the Economic Survey said, and called for framing new policies to improve water use efficiency in the agriculture sector.

The government will soon give the Reserve Bank of India (RBI) power to regulate housing finance companies (HFCs), which will almost certainly lead to the lenders facing stringent asset quality reviews, two sources with direct knowledge of the matter said.

That could have major repercussions for about 80 HFCs, the largest of which

India still continues to be the fastest growing economy and demonetisation had no effect on the economy, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday. Responding to supplementaries during the Question Hour, the finance minister said the manufacturing sector has had a certain fall, but it is not attributable to

Finance Minister Nirmala Sitharaman will table the Economic Survey 2018-19 in Parliament around 12:00 pm today. As the flagship document of the finance ministry, the Economic Survey provides detailed statistical data covering all aspects of the

Gold prices on Wednesday increased by Rs 260 to 34,380 per 10 gram at the bullion market in the national capital, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. The rise in gold prices were supported by firm global trend on the back of safe

Domestic stock markets are set to open higher on Wednesday as indicated by the Nifty futures traded on Singapore Exchange. The SGX Nifty futures were last seen trading 14.50 points - or 0.12 per cent - higher at 11,957.50. Equities in other Asian markets were subdued as initial enthusiasm over the latest US-China trade truce was overtaken by fresh