APN News

  • Tuesday, March, 2023| Today's Market | Current Time: 07:03:54

    • Business

    Black Money tracking

    New Delhi : To bring out unaccounted money, the Finance Minister proposed several measures including 30 percent taxation of unexplained money, credits, investments and expenditures. Compulsory reporting of assets held abroad, assessment upto 16 years, tax on purchase of jewellery exceeding two lakh rupees, deduction at sources on transfer of immovable properties and trading in […]

    Business

    Hike in service & excise tax

    New Delhi : Budget proposes to raise the service tax from 10 percent to 12 to all services except those to be included in the negative list. The list comprises 17 heads including the services provided by the government or local authorities except a few specified services where they compete with the private sector. Pre-school […]

    Business

    Tax slabs revised

    New Delhi : Finance Minister Pranab Mukherjee announced further relief to individual taxpayers by increasing the exemption limit to two lakh rupees giving tax relief upto 2,000 rupees to every taxpayers. Amidst thumping of desks by members he also proposed to increase the 20 percent tax slab to 10 lakh rupees. To boost savings, he […]

    Stock & Share

    Markets erase early gains amid Budget proposals

    Mumbai : Erasing early gains of about 195 points, the BSE benchmark Sensex was trading just about 26 points up amid Finance Minister Pranab Mukherjee unveiling the Budget proposals. The 30-scrip BSE benchmark was trading 26.62 point or 0.15 per cent up at 17,702.47 at 1206 hrs. Mukherjee is presenting the Union Budget 2012-13 in […]

    Business

    Kingfishers Singapore flights may resume on 25th March

    Bangalore: Cash strapped Kingfisher Airlines, which has disrupted its flights between India and Singapore over the past few weeks, may resume services to Mumbai later this month, according to media reports at Singapore. The airline has stopped its daily Mumbai-Singapore service, The Straits Times reported on Friday. It cited a Kingfisher counter employee at Singapore’s […]

    Business

    Interest rate on EPF deposits reduced from 9.5% to 8.25% for 2011-12

    New Delhi : The Government has slashed interest rate on deposits in Employees Provident Fund, EPF, from 9.5 per cent to 8.25 per cent for 2011-12, affecting over 4.7 crore subscribers. The official sources said in New Delhi yesterday that this cut was proposed by the Finance Ministry and a notification was issued by the […]

    Stock & Share

    Sensex falls 243 pts on RBI policy, political uncertainty

    Mumbai : The BSE Sensex snapped 4-session winning streak on Thursday and fell over 243 points as banking stocks fell after RBI failed to lower key rates, even as the government projected 7.6 per cent growth for next fiscal. Markets were also impacted by uncertain political situation arising out of Trinamool Congress Chairperson Mamata Banerjee, […]

    Business

    Eco Survey pegs India’s growth at 7.6% next fiscal

    New Delhi : The Economic Survey for 2011-12 tabled by finance minister Pranab Mukherjee in Parliament on Thursday projected a 7.6% growth for the next fiscal beginning 1st April. Inflation, on the other hand, is projected at 6.5-7% by the end of March. “It may further moderate during 2012-13 due to tightening of monetary policy […]

    Banking

    RBI keeps rate unchanged; inflation to guide future action

    New Delhi :  The Reserve Bank on Thursday kept key policy rate unchanged and said future policy action would be determined by the movement in inflation. “On the basis of the current macroeconomic assessment, it has been decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.5 percent,” RBI […]

    Stock & Share

    Sensex down 103 points ahead of RBI policy

    Mumbai : The BSE benchmark Sensex declined by 103 points in early trade on Thursday as funds and retail investors booked profits ahead of RBI’s monetary policy review later in the day. Brokers said emergence of profit-booking after recent gains as participants adopted cautious approach ahead of the Reserve Bank’s mid-quarterly review of the monetary […]

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