Money News - Page 7

Chase to begin soon: New intelligence units, 800 personnel to check service tax evasion

The Finance Ministry has cleared creation of new intelligence units across the country and appointment of over 800 personnel to check any leakage in its earnings from the indirect tax.

SME Survey: Businesses want protection of low-skilled labourers in Budget 2014

SMEs are the unsung backbone of the Indian economy, which is why the finance minister should address various issues affecting MSME performance in the current recessionary economic climate.

Parliament to pass Union Budget before 31 July

The debate on the Budget in the Lok Sabha will begin tomorrow and Finance Minister Arun Jaitley is expected to reply to it on July 18.<br />

No retro tax on debt schemes: MFs say relief only partial, will not help industry

MFs feared the budget proposal will hurt them as majority of assets under management comes under the debt category

Disinvestment plan: Govt to sell 10% stake in Oil India, NTPC soon

Government is likely to come out with 10 percent stake sale offer of Oil India in the second fortnight of this month, followed by NTPC's issue in the first 14 days of February, a Finance Ministry official said today.

Budget 2013: Raise interest payment cap on housing loans, says PwC

PwC is of the opinion caption that the realty sector has been under pressure for long and the government should incentivise investments into the sector.

Separate the investor and tax planner in you

The investor and taxpayer should separate from one another. Investments should be made based on outlook for the asset class. The taxpayer should use all tax breaks available to save on tax.

Sensex at 20000: Markets will give credit where it is due

A good budget will see markets taking up PSU stocks along with the broad market and since PSU stocks have underperformed over the last two years the catch up could fetch handsome returns to investors.

RGESS or regress? Tax breaks won't help equity flows

Investors do not mind paying taxes as tax is paid on gains, unfortunately retail investors are nervous on whether they will see gains at all on equities given the current state of economic affairs.

Rupee rises to over 2-month high, close at 61.71/$

Rupee today jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters, extending its winning trend to third straight day.

Sensex closes above 28,000 for 2nd straight day, rises over 140 points

Extending its rising streak for the third straight session, the benchmark BSE Sensex surged over 140 points to close at 28,262.01, led by gains in IT major Wipro and financial stocks on encouraging earnings.

Banks cannot collect EMI if loan has not been disbursed: Dispute Redressal Forum

Dispute Redressal Forum here has asked the bank to refund the entire EMI charged unduly for 20 months from a policeman and directed it to pay him Rs 50,000 as compensation for deficient services.

Weeding out black money: Sebi identifies 4-5 bull, bear cartels for helping launder funds

It has emerged during investigations by Sebi and stock exchanges that such illicit activities tend to accelerate during last few months of a fiscal and quantum of such transactions has grown manifold in the last few years.

Rupee rises to over 1-month high, ends at 61.87/$

rupee today appreciated for the second straight session and rose 19 paise to log its over one-month closing high of 61.87 against the Greenback following sustained dollar selling by exporters and capital inflows in local shares.

Sensex rises 46 points, clocks best weekly gains in 2-months

The benchmark Sensex today rose over 46 points to end at 28,121.89 on continued buying in blue-chip shares and wrapped up its best weekly gain in over two months.

RBI's surprise rate cut helps Sensex close higher by 729 points

Sensex closed trading 728.73 points or 2.66 percent up after the Reserve Bank of India carried out an unscheduled repo rate cut by 25 basis points.

Mr Jaitley, India’s Wealth Tax Act is a comic legislation; it needs an overhaul

It is strange that while a person is mandated to declare the jewels lying in his bank locker, he is not mandated to disclose how much lies in his savings and term deposit accounts

Travelling in Mumbai buses to get expensive from February

Travel on buses operated by Mumbai's civic transport undertaking BEST will cost more from next month.

Markets end three-day winning streak, Sensex closes below 27,500 mark

A day after the market rallied on the back of positive economic data, a benchmark index of Indian equities markets crashed 160 points in Tuesday's trade.

UPA's dud, the Rajiv Gandhi Equity Scheme, is awaiting a quiet burial

There has probably been no greater poorly designed investment scheme than the UPA's Rajiv Gandhi Equity Savings Scheme. It had no reason to exist, and given the poor response, it probably will die a quiet, unsung death now

Rupee gains for the fourth day, ends at over one-month high

The Indian rupee continued to rule firm against the greenback for the fourth successive session, gaining another 16 paise today to end at over one-month high of 62.16 on persistent selling of dollars by banks and exporters on hopes of capital inflows into domestic markets.