1. Business & Economy

Business & Economy

Income tax exemption limit likely to be enhanced to Rs 5 lakh in budget

New Delhi :The government is likely to enhance the income tax exemption limit to Rs 5 lakh from the existing Rs 2.5 lakh in the forthcoming budget for 2023-24, sources privy to developments said. The…

RBI cracked the whip on ICICI, others, for flouting norms, but was ignored: RTI

Mumbai, Dec 27 (IANS) The Reserve Bank of India (RBI) had slapped show cause notices (SCNs) and imposed penalties on the ICICI Bank and certain other banks way back in 2017, for violating various norms, according…

Financial literacy poor across urban, rural population in country: RBI survey

New Delhi, Dec 26 (IANS) A general perception is that most of the rural population is not well versed with digital banking in India. However, in what can be termed as a revelation, according to…

India becoming world’s 5th largest economy, one of 2022 achievements: PM Modi

  New Delhi: Prime Minister Narendra Modi on Sunday said that among the many successes of the year 2022 was India attaining the status of the world’s fifth largest economy. In his monthly radio broadcast,…

Chanda Kochhar: From Kamath’s angel to jail

Mumbai: The high-profile, much-talented, discussed, rewarded, awarded and decorated woman banker with a ‘Midas touch’, the former Managing Director and Chief Executive Officer of the private ICICI Bank, Chanda D. Kochhar, was finally arrested along…

CAG report discloses irregularities in corporation tax assessments of high value cases

New Delhi:  A CAG audit report on Direct Taxes drew attention to 57 instances of significant errors and irregularities in corporation tax assessments of high value cases involving tax effects of Rs 6,304.56 crore. The…

India’s subsidies for renewable energy, electric vehicles more than doubled in FY 2022: Report

New Delhi: India’s subsidies for renewable energy and electric vehicles more than doubled in FY 2022, but it will be critical for the government to build this momentum over the coming years to reach the country’s…

BharatPe CEO called co-founders over drinks to poison them against me: Ashneer

New Delhi:  Former BharatPe co-founder and managing director Ashneer Grover has alleged in his book ‘Doglapan’ that current BharatPe CEO Suhail Sameer called co-founders Bhavik Koladiya and Shashvat Mansukhbhai Nakrani for drinking sessions to poison…

Appropriation bills to be introduced in RS on Monday

New Delhi: Finance Minister Nirmala Sitharaman will on Monday introduce The Appropriation (No 4 & 5) Bills, 2022, in the Rajya Sabha for consideration, and for returning to the Lok Sabha, where they have already…

Direct tax collections up 20% at Rs 11,35,754 cr till Dec 17

New Delhi, Dec 18 (IANS) Direct tax collections stood at Rs 11,35,754 crore, as on December 17, 2022, up by 19.81 per cent against Rs 9,47,959 crore recorded in the corresponding period of last year,…

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