The government will mop up Rs 1,400 crore (Rs 14 billion) this fiscal by taxing the second instalment of arrears due to central government employees, who were awarded increased salaries by the Sixth Pay Commission.
The challenges before the coming Budget are more daunting than those in 2021, reveals A K Bhattacharya.
Holidayers, including those who would head overseas between April and June, are set to escape to the hills, beaches, and resorts in the country. This is to fend off the heat and beat the pandemic blues, indicates the initial bookings and online search trends.
The primary market is set for a bumper Rs 80,000-crore bonanza with 30 companies already filing IPO papers to raise Rs 55,000 crore, while around 10 more are lined up for this month itself, seeking to mop up another Rs 25,000 crore, say investment bankers. The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors -- a vast majority of them first-timers -- coupled with a flood of liquidity. Foreign funds alone had pumped in a record $35 billion into the market in FY21, while the trend has continued this fiscal as well. Domestic institutions led by LIC have also infused trillions of rupees, helping woo retail investors in troves -- the year saw over 20 million new investors coming to the market.
The bookings under the 'Super Summer Sale' offer will remain open till Wednesday mid-night.
At the BSE, 1,879 companies declined, while 685 advanced and 131 remained unchanged.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
The affiliated units of the Board of Control for Cricket in India might have a reason to rejoice in the coming months as the International Cricket Council's revamp in the revenue distribution structure will mean an additional cash bonanza to the tune of Rs 15 crore for them to develop the game.
>All old signposts have been uprooted and milestones bulldozed. New ones have yet to emerge. The old order stands degraded in the new landscape whose contours are indistinct, observes Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
What technologies do you fancy in your new car? Here are some popular cars in India with the most sought after technologies.
In what could trigger another interest rate war, the Punjab National Bank has announced an array of concessions under its festival bonanza including 0.50 per cent cut in housing loans at 7.75 per cent.
A swift recovery in oil demand in India is not only helping the stability of the global market, it is giving huge fiscal headroom to the government in terms of additional excise duty.
With consumers staying indoors and e-commerce firms extending their reach to a larger number of pin codes, these giants have snatched a larger share from the offline traders this season.
'As a course mate who has followed closely this star on the Bombay Sappers firmament, my heart swells with pride to see his extraordinary brilliance and focus; his commitment and his dedication; his hard work; and his technical as well as tactical knowledge,' says Colonel K Thammayya Udupa (retd) of his batchmate General Manoj Pande who will take over as chief of the army staff on May 1.
The triangle that connects Venezuela, Brazil and Guyana attracts a huge number of illegal gold and diamonds prospectors who dream of changing their lives overnight by finding a huge bonanza.
From market leader HP and premium player Apple to China's Lenovo and Asus, all major brands in the market are witnessing rapid surge in the demand for notebooks.
The device with a QWERTY keypad was earlier priced at Rs 24,990.
HFDC Ltd on Saturday unveiled a Diwali bonanza offering home loans at 7.75 per cent for up to 20 years under floating basis.
A probe into the fraud had revealed that the main accused, Shiv Raj Puri, then a Citibank relationship manager at its Gurgaon Branch, was offering to its clients fabricated investment schemes with guaranteed high returns and received signatures on blank fund transfer forms.
Is Christmas a good time to release big films?
Hurdles ranging from erratic taxes throttling special export zones to a cash crunch and clogged ports are killing exports.
Far from benefitting consumers, the new rules on roaming charges have opened another front in the battle between large and small operators.
Offering a bonanza for train travellers, Railway Minister Pawan Kumar Bansal announced that the Indian Railways will start new trains.
In a triple bonanza for India, it will host the World Twenty 20 Cup competition in 2016 and World Test Championship 2021, both for the first time, and the 50-over World Cup for the fourth time in 2023, the International Cricket Council (ICC) announced in London.
In a bonanza to the farming community, the government on Monday announced loans at interest rate of four per cent -- three per cent less than market rate.
Until now, the compensation for non-executive directors was just Rs 21 lakh.
Videocon's Venugopal Dhoot has become the most successful maverick in oil and gas business in India.
The first three days of the Kochi-Muziris Biennale registered roughly 10,000 footfalls with a chunk of them at the Aspinwall House in Fort Kochi, according to organisers of the three-month art bonanza.
If you take a 15-year period, the tax rates have increased at a higher rate than inflation.
The card offers special features like multiple reward points, weekend bonanza points, petrol surcharge waiver and 500 special gift reward points to be credited annually on the Teachers day, HDFC Bank said in a statement.
The requirement of one million units would entail a huge market for firms such as HCL Infosystems, Geodesic, VeriFone, Visiontek and others manufacturing micro-ATMs.
After six weeks into the second half, the faltering offline channel, which traditionally rakes in 60 per cent of sales for the market, has become the biggest hurdle towards the path of revival.
Sixty-five former cricketers, including the legendary Sunil Gavaskar, have been invited by the Board of Control for Cricket in India for the IPL play-offs, during which they will be handed cheques as a part of the Board's one-time benefit payment.
Why does the richest cricket board in the world pay its players peanuts for official matches, thus paving the way for making IPL their real cash bonanza, asks Sanjay Jha
Around 160 domestic and international cricketers who have retired before 2003-04 will be awarded cash bonanza as part of the BCCI's one-time benefit scheme from the IPL surplus money, a gesture which would cost the Board Rs 70 crores.
The ONGC announced a cash bonanza for players who will win medals at the London Olympics with gold medal winners to get Rs 25 lakh while silver and bronze medallist will get Rs 15 and Rs 10 lakh respectively.
Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
Feedback from telecom members indicated a 10 per cent increase in traffic, but no fears of choked networks. Telcos currently use 65-70 per cent of the network capacity. In other words, they have enough additional capacity to handle the new pressure without clogging the system.
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