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LTCG tax: In a big relief to investors, govt extends indexation benefit to share sale in unlisted companies
Business

LTCG tax: In a big relief to investors, govt extends indexation benefit to share sale in unlisted companies

Currently, 15 percent tax is levied on capital gains made on sale of shares within a year of purchase.

Arun Jaitley does a UPA vs NDA: FM says LTCG tax required in present situation, markets crashed on global cues
Business

Arun Jaitley does a UPA vs NDA: FM says LTCG tax required in present situation, markets crashed on global cues

Arun Jaitley said the downslide in the bourses was not caused by the reintroduction of LTCG and attributed negative global cues

RBI guv Urjit Patel's take on LTCG tax: 'Multiple taxes on capital impact investments and savings'
Business

RBI guv Urjit Patel's take on LTCG tax: 'Multiple taxes on capital impact investments and savings'

Urjit Patel said there is sizable scope for the investment to GDP ratio to improve and pointed out to increasing capacity utilisation levels

I-T dept receives 15-20 lakh PAN applications per week; takes few hours to two weeks to issue the document
Business

I-T dept receives 15-20 lakh PAN applications per week; takes few hours to two weeks to issue the document

Allotment of PAN is being carried out by tax department through two service providers, NSDL e-Gov and UTIITSL, which collect and process applications

Sensex bleeds further, down over 400 points below 35,000 in opening trade; Nifty plunges 150 points
Business

Sensex bleeds further, down over 400 points below 35,000 in opening trade; Nifty plunges 150 points

Market observers said negative global cues, heavy selling pressure in banking, capital goods, auto and oil and gas stocks, pulled equity indices lower

Budget 2018: Narendra Modi's ambitious health insurance plan will require Rs 11,000 cr in funding each year
Business

Budget 2018: Narendra Modi's ambitious health insurance plan will require Rs 11,000 cr in funding each year

The government has estimated the premium for insuring each family would be about Rs 1,100 ($17.15), said the government official

Budget 2018: A growth oriented, job creating budget targeting a GDP rate of 8% per annum
Business

Budget 2018: A growth oriented, job creating budget targeting a GDP rate of 8% per annum

Big push to infrastructure, beginning of universal healthcare, housing for all, revolutionising education and support for ancillary sectors augers well for economy

Markets open in green hours before Budget presentation; Sensex up 157 points at 36,122, Nifty at 11,074 mark
Business

Markets open in green hours before Budget presentation; Sensex up 157 points at 36,122, Nifty at 11,074 mark

Sensex opened at 36,048.99 points, was trading at 36,122.23 points (at 9:16 am), higher 157.21 points or 0.44 percent from previous day's close at 35,965.02 points.

Markets end in red day before Union Budget presentation; Sensex below 36,000-mark, Nifty above 11,000 level
Business

Markets end in red day before Union Budget presentation; Sensex below 36,000-mark, Nifty above 11,000 level

The 30-share Sensex remained in negative zone for major part of session and lost 68.71 points, or 0.19 percent to finish at 35,965.02.

Punjab National Bank cuts MCLR by 10 to 15 basis points
Business

Punjab National Bank cuts MCLR by 10 to 15 basis points

PNB’s overnight MCLR has been revised the most i.e. by 15 basis points

Government may slash personal income tax rate in this budget to offset demonetisation pain
Business

Government may slash personal income tax rate in this budget to offset demonetisation pain

The expectation now is that there could be some tweak in the exemption rules

Do Good and Give #AChanceToFly
Investing

Do Good and Give #AChanceToFly

Here's a video that will put your inhibitions and regrets to rest while letting you experience a once-in-a-lifetime opportunity.

Let your money grow with your child and reap its benefits when your child needs it
Investing

Let your money grow with your child and reap its benefits when your child needs it

Your money grows along with your child. To reap the benefit, you need to give your money that much time.