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Increase tax exemption limit to Rs 3 lakh, says SBI report

Increase tax exemption limit to Rs 3 lakh, says SBI report

With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said.…

India’s richest 1% corner 73% of wealth generation: Survey

India’s richest 1% corner 73% of wealth generation: Survey

The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed, presenting a worrying picture of rising…

Mauritius is largest source of FDI in India, says RBI

Mauritius is largest source of FDI in India, says RBI

Mauritius was the largest source of foreign investment in India, followed by the US and the UK, according to a census by the Reserve Bank. Singapore and Japan were the…

Corporates open to public gaze as data available online: Minister

Corporates open to public gaze as data available online: Minister

Finance and Corporate Affairs Minister Arun Jaitley said online availability of data has opened corporate activities to public gaze and raised the possibility of detecting any impropriety. He said the…

GST on 29 items, 54 services cut

GST on 29 items, 54 services cut

The all-powerful GST Council cut tax rate on 29 goods, including second-hand vehicles, confectionery and bio-diesel, while veering around to simplifying return filing process for businesses. Also, tax rate on…

Bengal gets Rs 2.20 lakh cr investment proposals in BGBS

Bengal gets Rs 2.20 lakh cr investment proposals in BGBS

West Bengal Chief Minister Mamata Banerjee said the state has received investment proposals worth Rs 2.20 lakh crore with job potential for 20 lakh persons in the Bengal Global Business…

All 14 types of Rs 10 coin valid, legal tender: RBI

All 14 types of Rs 10 coin valid, legal tender: RBI

All the 14 designs of Rs 10 coin are valid and legal tender for transactions, the Reserve Bank said today amid reluctance by certain traders to accept the coins. “It…

Lulu Group acquires iconic Scottish hotel

Lulu Group acquires iconic Scottish hotel

Leading NRI businessman Yusuff Ali MA has acquired an iconic Scottish hotel based in Edinburgh in a 120-million-dollar deal clinched by Twenty14 Holdings (T14H), the hospitality investment arm of his…

Reliance Jio planning its own cryptocurrency: Report

Reliance Jio planning its own cryptocurrency: Report

After disrupting the Indian telecom market, Reliance Jio is expected to delve into the world of blockchain technology and cryptocurrencies. 2017 has seen cryptocurrencies platforms such as BitCoin and Ethereum…

Foreign airlines can own up to 49% stake in Air India

Foreign airlines can own up to 49% stake in Air India

The government allowed foreign airlines to own up to 49 per cent stake in national carrier Air India at a time when the process for strategic disinvestment of the debt-laden…