Corporate tax to be cut gradually: Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Monday said corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 per cent and the government will support wealth creators. Sitharaman said the corporate tax reduction for the rest of corporates would be gradual In her maiden Budget in July, she had cut corporate More...

by Agencies | Published 12 hours ago
By Indileak Web Desk On Saturday, August 17th, 2019
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I-T Dept issues 17-point checklist to trace unaccounted DeMO cash

New Delhi: In a bid to seize illegal cash, the Income Tax Department has issued a 17-point checklist to tax commissioners across the country to track those who deposited unaccounted cash during demonetisation. The More...

By IANS On Friday, August 16th, 2019
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Government may receive first tranche of RBI surplus this calendar

New Delhi: The Finance Ministry is likely to receive the first tranche of the RBI’s surplus money towards December after its central board discusses and approves the report finalised by the Bimal Jalan panel. The More...

By Agencies On Friday, August 16th, 2019
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Gold near record high on recession warnings

Mumbai: Gold prices surged to near-record high levels yet again on Friday as renewed fears of a possible recession led investors to run for safe haven assets like gold. At 3.05 pm, the October contract of Gold was More...

By Indileak Web Desk On Thursday, August 15th, 2019
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ONGC investing Rs 83,000 cr in 25 projects: CMD

New Delhi: Diversified energy major ONGC is investing around Rs 83,000 crore in 25 major projects. “15 of these projects are under execution and will directly contribute to oil and gas production,” said More...

By Indileak Web Desk On Wednesday, August 14th, 2019
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IndiGo launches direct Delhi-Agartala flight

Agartala: Budget airline IndiGo on Wednesday launched daily direct flights on the Agartala-New Delhi-Agartala route, facilitating passengers from the northeastern state to go to Delhi without any stopover in Kolkata More...

By Agencies On Tuesday, August 13th, 2019
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FinMin notifies partial credit guarantee scheme to PSBs

New Delhi: The Finance Ministry on Tuesday notified the partial credit guarantee scheme to PSBs for purchasing high-rated pooled assets from financially sound NBFCs and HFCs to operationalise the Budget announcement More...

By Agencies On Monday, August 12th, 2019
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Air India to fly Delhi-San Francisco over North Pole

Mumbai: Marking a new aviation milestone, the Air India (AI) on Monday announced its inaugural passenger flight over the North Pole region from August 15 between New Delhi and San Francisco. The AI already has flights More...

By Agencies On Monday, August 12th, 2019
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Mukesh Ambani says ongoing slowdown ‘temporary’

Mumbai: Describing the fundamentals of the Indian economy as strong, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Monday said that the ongoing slowdown in some sectors of the economy is temporary. India More...

By Agencies On Sunday, August 11th, 2019
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Zomato delivery staff in Bengal on strike

Kolkata: Food delivery staff of Zomato on Sunday went on an indefinite strike in West Bengal’s Howrah alleging they were made to deliver beef and pork dishes against their will. There are many other delivery More...