1. Business & Economy

Business & Economy

Budget impact: FIIs sell nearly Rs 3,000 cr in 6 sessions

July 12, 2019 Mumbai:  Foreign Institutional Investors (FIIs) have pulled out nearly Rs 3,000 crore after the Budget proposed a higher surcharge on the super-rich impacting most FPIs. In just 6 sessions since the Union…

Business & Economy

Sitharaman rebuts Chidambaram point-by-point, reiterates budget figures realistic

July 12, 2019 New Delhi:  Giving point-by-point rebuttal to senior Congress leader P. Chidambaram, Union Finance Minister Nirmala Sitharaman on Friday said in the Rajya Sabha that all revenue targets in the budget is realistic…

Business & Economy

Boeing 737 delivery registers drastic fall in Q2 2019

July 10, 2019 San Francisco:  US top aircraft manufacturer Boeing Company said Tuesday it delivered 24 737 commercial airplanes in the second quarter of 2019, a drastic fall of about 73 per cent from the…

Business & Economy

Budget extends tax on NRIs for receiving gifts from resident Indians

July 9, 2019 New Delhi:  The expensive gift that you kept for your overseas cousin or friend may attract tax from this year with the Budget 2019-20 proposing to impose withholding tax all such transfers,…

No clarification over FPI surcharge needed at present: Sitharaman

July 8, 2019 New Delhi:  Finance Minister Nirmala Sitharaman on Monday said there is no need of any clarification at the moment on the additional tax burden that could apply to foreign portfolio investors (FPI),…

RS passes resolution slapping 200% duty on Pakistani goods

july 8, 2019 New Delhi:The Rajya Sabha on Monday passed a statutory resolution for levying 200 per cent duty on all goods exported from Pakistan. The Upper House also adopted the move to increase basic…

PNB tanks by 10% after another fraud case

July 8, 2019 Mumbai:  Two days after the Punjab National Bank (PNB) said that it had been defrauded by Bhushan Power & Steel Ltd. (BPSL) to the tune of Rs 3,805.15 crore, its scrip fell…

Business & Economy

5% duty on imported books: Worried publishers to meet HRD officials

July 7, 2019 New Delhi:  Upset over the five per cent customs duty proposed on imported books, an association of Indian publishers and book sellers is planning to meet government officials to highlight their problem…

By Shivaji Sarkar

Budget 2019: Swadeshi savings to fund Govt

  By Shivaji Sarkar New Delhi: The Modi-led NDA-II’s budget has changed the focus to peg India’s finances on village and farms, clearly a visible shift from the Nehruvian economy of promoting large public sector…

NBFC crisis has peaked but not ended: Finance Minister

By Anjana Das Juyly 6, 2019 New Delhi:  Finance Minister Nirmala Sitharaman on Saturday said the non-banking finance company (NBFC) sector crisis has plateaued but not ended yet and her ministry will monitor the emerging…

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