Home » Business » Economy

Economy - Page 28

Quarter on quarter aggregate revenue of BSE 500 companies saw de-growth of 3.7 per cent from Rs 22,61,772.8 crore in January-March 2019 quarter while profit after tax saw 19 per cent growth from Rs 1,18,940.3 crore.

A balanced Budget despite several constraints

The finance minister has been more realistic by assuming nominal GDP growth of 10% for FY 21.

2 Feb 2020 3:41 AM IST

Homebuyers continued to be cautious in September quarter. Housing sales in the top seven cities declined 18 per cent against the same quarter last year. Even sequentially, September quarter sales were down 20 per cent compared to June quarter.

Affordable housing gets tax holiday

In order to ensure that more persons avail this benefit and to further incentivise the affordable housing.

2 Feb 2020 3:37 AM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Exporters all set to get tax refunds

Under the NIRVIK scheme, the insurance guaranteed could cover up to 90 per cent of the principal and interest.

2 Feb 2020 3:34 AM IST

Nirmala Sitharaman

Fiscal deficit target 3.8 per cent

The deficit target for the coming fiscal year starting April 1 was widened to 3.5 per cent.

2 Feb 2020 3:32 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

Credit guarantee on debt for NBFCs, HFCs

The move, according to experts, would help NBFCs in the recovery process of an even smaller loans.

2 Feb 2020 3:05 AM IST

Finally, this resulted in the mad rush among the people for cover and they came forward in big numbers to buy expiring LIC products.

Budget 2020: LIC to get listed on stock exchange

After two capital infusions, the government owns a substantial part of IDBI Bank (46.5 per cent stake) which will be...

2 Feb 2020 2:49 AM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Fiscal deficit target raised to 3.8 pc from 3.3 pc for FY20

This fiscal path commits us to the path of fiscal consolidation without compromising the needs of investment out of...

1 Feb 2020 2:48 PM IST

Finance Minister Nirmala Sitharaman. (Photo: ANI)

Budget 2020 provides big income tax relief for individuals

The digital revolution will play a big role in delivering services to the people in India in the coming days, says FM.

1 Feb 2020 10:39 AM IST

Finance Minister Nirmala Sitharaman before announcing the Budget 2019.

FM Sitharaman arrives in Parliament to present first Budget of new...

The Union Budget 2020 will be presented in a short while from now.

1 Feb 2020 10:26 AM IST

Over the last week, the 30-share BSE Sensex zoomed 1,106.97 points or 2.83 per cent. (Photo: File)

Sensex slumps over 200 pts ahead of Budget

According to analysts, investors are cautious ahead of the Union Budget

1 Feb 2020 10:17 AM IST

The United States has expressed concern over restrictions on journalists in Pakistan after the countrys authorities denied entry to the head of Committee to Protect Journalists (CPJ) Steven Butler. (Photo: File)

US economy growing moderately in 4th qtr; likely missed Trump's 3 pc...

The Trump administration's 18-month-long trade war with China last year fueled fears of a recession.

30 Jan 2020 2:06 PM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

BJP recommends tax tweaks to attract foreign investors

India charges 15 per cent short-term capital gains tax if equity shares are sold within a year and at 10 per cent if...

30 Jan 2020 11:00 AM IST