The RBI governor is focused on growth, and keeping rupee slightly depreciated is part of that 'Atmanirbhar Bharat' strategy.
The number of equity schemes rose to 562 from 519 two years ago. Equity NFOs, in fact, have mopped up more than Rs 16,000 crore since 2018 - 2.7 times the Rs 5,948 crore collected in the preceding three calendar years.
Images from Day 3 of the third and final Test between England and West Indies at Old Trafford in Manchester on Sunday.
The Supreme Court Monday said the Centre was testing its "patience" and "emasculating" tribunals by not appointing officials to the quasi-judicial bodies which are facing severe crunch of presiding officers as well as judicial and technical members and sought action on the matter by September 13.
The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India's strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses.
'Sometimes we succeed, sometimes we don't.' 'But you can use the RTI to improve the future.'
This is the third time in current fiscal that GST collections have crossed the Rs one lakh crore-mark.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
CNN-IBN, the 24-hour English news channel, is planning to tap the capital market with its Rs 105 crore (Rs 1.05 billion) initial public offering. The maiden float is expected to hit the markets early next year.
"Courts rooms are locked down. Do you want to lock down the judiciary," a bench headed by Chief Justice T S Thakur said, adding, "You cannot bring the entire institution to a grinding halt."
The central government's clarification on the 2 per cent equalisation levy on foreign digital operators in the Budget, which considerably expands the scope of the levy, might be challenged in court, with several companies contemplating filing a writ petition in the coming few weeks. The writs might be filed on the grounds of the levy's alleged extra-territorial overreach, as it aims to cover those entities that do not have a physical presence in India, going against international taxation rules.
After Rajasthan, petrol price on Thursday crossed the Rs 100 per litre mark in Madhya Pradesh after fuel rates were increased for the tenth day in a row. Petrol price was hiked by 34 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. While branded or additive-laced petrol, which attracts higher taxes, had crossed the Rs 100-mark in some places in states like Maharashtra, Madhya Pradesh and Rajasthan, regular petrol crossed the physiological mark in Sriganganagar town of Rajasthan on Wednesday, and on Thursday it went past that mark in Madhya Pradesh. In Anuppur of Madhya Pradesh, petrol is priced at Rs 100.25 per litre and diesel at Rs 90.35. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.
The fiscal deficit, gap between expenditure and revenue.
The government expects to collect this much tax from the cricketing event and has already mopped up Rs 110 crore (Rs 1.1 billion) in the first 15 days as tax deducted at source.
The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.
Outlay for infra is also expected to see a significant increase in view of the government's Rs 111-trillion investment plan under the national infrastructure pipeline to develop social and economic infrastructure over five years.
Steve Smith smashed an unbeaten half-century to power Australia to a seven-wicket victory against Pakistan in the second T20 International in Canberra on Tuesday.
Speculations surrounding Justice Gogoi's appointment as the next CJI emerged following the unprecedented press conference of 4 most-senior judges.
Amid an outcry over record high petrol and diesel prices, Union Finance Minister Nirmala Sitharaman on Saturday said the Centre and state governments will have to together work out a mechanism to bring retail rates to reasonable levels.
The government's plan to mop-up additional revenue from indirect tax may not materialise
Proposals from the Centre's side include raising the 5 per cent slab to anywhere between 6 and 8 per cent, and doing away with the 12 per cent slab. A few states may oppose such a move because it involves hiking tax on items consumed by the poor. They have instead proposed raising the 18 per cent slab.
The country's biggest IPO will close on January 18.
The Centre has set a steep divestment target of Rs 80,000 crore for 2018-19. In the first six months, it has managed to mop up less than Rs 10,000 crore.
Tax department feels that the second quarter would be much better than the first quarter of the year as the economy has started improving.
With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances.
The bench referred to the rising vacancies of judges in the high courts and the increasing number of pending cases.
While the tax-to-GDP ratio of 9.88 per cent has been assumed for FY21, the same as last year, when it touched a decadal low, for FY22 a ratio of 10.7 per cent has been assumed, an average of the last five years.
Instead, 2019-20 could be the base from which the Budget estimates for next year are calculated.
The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.
He noted that the Rupee has firmed recently but cautioned that the currency should not lose its competitiveness in global trade.
B D Pande was Punjab's governor during Operation Bluestar. In this excerpt from his memoir, In the Service of Free India: Memoir of a Civil Servant, Pande reveals what really went on behind the scenes during those dark days in India's history.
Staggered pull-out will help investors if the market continues to rise.
Close to 21.5 per cent of this will be sold to Japan's Nippon Life, which will then become the sole promoter of the fund house.
In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
Bushfires are an annual problem for Australia, but this season has been unprecedented. As of January 2, about 5.9 million hectares (13.5 million acres) of land has been burnt; that's larger than Denmark and The Netherlands. The Australian state of New South Wales also declared its third emergency in as many months -- the last two times, in November and December. Furthermore, 18 people have died, eight on New Year's Eve, making it one of Australia's most deadly bushfire seasons.
Relationship problems? Let Love Guru help.
'The real lifting of the economy will happen only if this momentum sustains in the coming months.'
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