The government has also hiked excise duty by 11 percent, which is in addition to the 6 per cent that was announced in the budget, he said.
Those conducting their businesses predominantly in cash and evading income tax have reasons to worry.
Images from Day 4 of the 2021 US Open in New York on Thursday.
India had their first brush with the SG pink ball after they wrapped up the opening Test inside three days in Indore.
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
Pay healthy advance tax, but can't make up for large companies' volumes.
The economic growth slowed to 6.9 per cent in the second quarter against 8.4 per cent in the same period last year.
Mop-up trends hint at major slippage; CBDT braces to meet Budget target.
Federer rues missed chances in Tsitsipas thriller
Used to travelling 200 days in a year, India's leading squash player Joshna Chinappa is grappling with the anxiety of being home alone amid a nationwide lockdown, during which even going to a grocery store has become an "amazing experience". With her mother staying elsewhere in Chennai and father in Coorg, Chinappa has been forced to do things she seldom did and is enjoying for now.
In terms of the number of rights issues, the fiscal saw only 16 companies adopt the route to raise funds, 33 per cent lower than the previous fiscal, which saw 24 issues.
The Supreme Court on Tuesday said that the Securities and Exchange Board of India was entitled to seek all necessary information from two Sahara group firms on how resources were being raised but refused to stay the companies' ongoing fund-mopping exercise.
Built in 1974, the building could fetch anywhere between Rs 1,000 crore to Rs 1,500 crore, based on current real estate prices
Trai has recommended cancellation of 74 licences, including Unitech Wireless's 8, Aircel/Dishnet's 7, Etisalat DB's 2, Videocon's 4, Spice's 3, Vodafone's 1, among others.
Over 60 per cent of these borrowings are slated to be mopped up in the festival season.
The encounter has brought to light gaps in the Army's vigil along the LoC as the group of terrorists had managed to sneak in nearly 8 km after crossing two ridges of the Shamsabari mountain range.
On standalone basis, SBI's profit declined by 37.9 per cent to Rs 1,581.55 crore, from Rs 2,538.32 crore on account of rise in bad loans.
Golfer Rory McIlroy won the US Open by eight shots in record style on Sunday, confirming his rich promise as a potential golfing great by becoming the championship's youngest winner since 1923. At the age of 22, the mop-haired Northern Irishman clinched his first major title by an astonishing eight shots, raising comparisons with the record 15-shot margin achieved by Tiger Woods at the 2000 US Open. Bikash Mohapatra takes a look at a few athletes who made a mark at an ea
Rory McIlroy was showered in praise by his peers all week at Congressional Country Club but the accolades flew especially thick and fast on Sunday after his runaway victory at the US Open.
Indian companies raised a total of Rs 2.03 lakh crore of fresh capital from equity and debt markets in the April-December period of 2011, the lowest in three years.
This is the biggest equity-raising exercise by an Indian corporate within a financial year. The fundraising - led by Citibank, Goldman, Kotak and Axis Capital as bankers - will see participation by foreign and domestic institutional investors.
Paceman Ryan Harris captured five wickets as Australia made full use of the second new ball to break a stubborn sixth-wicket partnership and mop up the tail on the way to a 125-run victory over Sri Lanka on the fourth day of the first Test on Saturday.
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According to latest data available with the market regulator Securities and Exchange Board of India, Indian firms raked in a total of Rs 35,214 crore (rs 352.14 billion) from the debt on a private placement basis route in June, a slight increase from Rs 33,759 crore (Rs 337.59 billion) garnered in May.
Industry body to write to commerce ministry, seek regulation for e-tailers.
Stunning computer graphics and feel-good elements make this a must-watch movie.
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
As the Indian equities signed off 2019 on a remarkable note, the m-cap of BSE-listed companies rose by Rs 11,05,363.35 crore to Rs 1,55,53,829.04 crore.
Chairman of the Central Board of Direct Taxes (CBDT), Prakash Chandra, has asked the income tax (I-T) department to hasten court and tribunal proceedings to meet tax collection targets in the coming quarters.
The revenue collection in the same month a year ago stood at Rs 94,442 crore.
The government had budgeted revenue realisation for 2012-13 fiscal at Rs 10.38 lakh crore (Rs 10.38 trillion).
Mark Wood picked up his first five-wicket haul to bowl England into a commanding position on the second day of the third test against West Indies on Sunday.
Government will get an additional tax of Rs. 2,110 crore from proposed changes.
Ahead of Union Budget, the government on Thursday said it hopes to exceed the indirect tax collection estimate of Rs 3.36 lakh crore for this fiscal in view of the buoyancy in the economy.
'I will not take anything for granted now.'
'One out of three phones sold in India is a Xiaomi phone.'
Brazilian oil major Petrobras has mopped-up about $70 billion in the world's largest share offering.
In the Budget for 2011-12, the government revised the tax mop-up target for 2010-11 to Rs. 4.46 lakh crore for direct taxes and Rs. 3.36 lakh crore for indirect taxes.
Coal India Limited (CIL) proved a virtual gold mine for the government in the year gone by. The spectacular share sale of the world's largest coal miner ahead of Diwali added glitter and spark to the government's fund-raising plans through divestment in key PSUs.
The ministry had revised the estimates of direct and indirect taxes after healthy collection.
The government is selling over 18.62 crore shares or 3 per cent in Coal India at a floor price of Rs 266 apiece.
