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No plan to impose any tax on agricultural income: Minister

No plan to impose any tax on agricultural income: Minister

Finance Minister Arun Jaitley on Wednesday said the government does not plan to impose any tax on agricultural income, dismissing the suggestion of NITI Aayog member Bibek Debroy. “I categorically…

Sensex ends above 30,000-mark for first time

Sensex ends above 30,000-mark for first time

Benchmark Sensex closed above the 30,000-mark for the first time on Wednesday, while the Nifty too finished at a record high on sustained buying amid positive global cues. The BSE…

Wipro Q4 beats estimates, profit rises 7%

Wipro Q4 beats estimates, profit rises 7%

Software firm Wipro has reported better-than-expected earnings for January-March quarter as consolidated profit grew by 7.2 percent sequentially to Rs 2,267 crore. Rupee revenue from its IT services business increased…

You can withdraw 90% EPF to buy home, pay EMI from a/c

You can withdraw 90% EPF to buy home, pay EMI from a/c

Over four crore subscribers of the retirement fund body EPFO can now make down payment and pay EMIs from their EPF accounts to buy homes. The subscribers of the the…

Food Ministry favours hike in tur dal import duty to 25%

Food Ministry favours hike in tur dal import duty to 25%

Food and Consumer Affairs Minister Ram Vilas Paswan said his ministry is in favour of increasing import duty on tur dal from 10 per cent to 25 per cent in…

FinMin ratifies 8.65% rate on EPF: Minister

FinMin ratifies 8.65% rate on EPF: Minister

Labour Minister Bandaru Dattatreya said that the Finance Ministry has approved 8.65 per cent interest rate on EPF for 2016-17. The ratification of the 8.65 per cent on EPF will…

States can borrow directly from foreign agencies for infra projects

States can borrow directly from foreign agencies for infra projects

The Central government on Wednesday allowed state entities to borrow directly from bilateral overseas lending agencies like JICA to fund infrastructure projects. The decision would directly benefit important projects such…

TCS logs in 4.2% rise in Q4 net; expects better days ahead

TCS logs in 4.2% rise in Q4 net; expects better days ahead

Largest software exporter TCS on Tuesday reported a 4.2 per cent growth in March quarter net profit at Rs 6,608 crore and guided towards a better year even though pressure…

Railways to export locos, train sets worth Rs 680 cr to Sri Lanka

Railways to export locos, train sets worth Rs 680 cr to Sri Lanka

Indian Railways will supply modern locomotives and train sets worth Rs 680 crore to Sri Lanka, in the largest export order for the public transporter. Rail India Technical and Economic…

Finance Ministry okays 8.65% interest on EPF

Finance Ministry okays 8.65% interest on EPF

The Finance Ministry is believed to have permitted the Labour Ministry to go ahead with 8.65 per cent rate of interest on employees’ provident fund for 2016-17, which will benefit…