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Budget 2020: Govt May Tweak 5% Tax Slab To Include Upto Rs 7 Lakh Income
From the upcoming Union Budget 2020-21 to be presented on 1 February, citizens are expecting a change in income tax slabs not seen since 2014. A change is anticipated this time. According to a CNBC Awaaz report citing sources, the

Budget 2020 To Have A Plan Of Action To Boost Economy: Javadekar
On Wednesday, Union Minister Prakash Javadekar said the government will be unveiling its "plan of action" to boost the Indian economy at the Union Budget 2020-21 presentation on 1 February while asserting that the economic fundamentals remain strong. At a

Markets End Lower For Third Day; Sensex Loses 2% In 3-days
Benchmark indices ended lower for the third straight day, with the benchmark Sensex losing almost 2 per cent in three trading sessions. Banking stocks and public sector enterprises saw heavy losses. ONGC, OIL India and Coal India lost more than 4-5

Gold Prices Ease On Concerns Over Risk Of China Virus
On Wednesday, gold prices fell in the domestic and international markets as traders assess the impact on economic growth from a coronavirus outbreak in China. On MCX, gold futures were trading 0.29 percent lower at Rs 39,795 per 10 grams and

Budget Day BSE Trading Session Timings
In circulars, BSE said that the stock exchange would be open on Saturday, 1 February, on account of Union Budget 2020-21 presentation. This is the first time the stock markets would be open on a Saturday for Budget. On 28 February

HDFC AMC Shares Surge 2% On Reporting 45% Jump In Q3 Profit
Shares of HDFC Asset Management Company rose by 2 percent to Rs 3,262 on Wednesday on reporting a 44.9 percent increase in profit after tax (PAT) at Rs 352.5 crore for the December-ended quarter. In the same period of the previous

Markets Trade Higher After Three Days Of Losses
Benchmark indices opened the day higher, even as global cues were soft, as crude prices continued to decline. The Sensex was trading with gains of 143 points, following gains in select heavyweight stocks like HDFC Bank and Reliance Industries. Most of

Vodafone m-pesa Certificate Of Authorisation Cancelled
On Tuesday, the Reserve Bank of India (RBI) said it has cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa on account of voluntary surrender of authorisation. The company can no longer transact in the business of issuance and operation

ICICI Bank Launches Cardless Cash Withdrawal Facility: Know How It Works
Today, the private sector lender ICICI Bank announced the launch of its cardless Cash Withdrawal' facility from its ATMs. The customers just by raising withdrawal request on their iMobile app will be able to withdraw from bank's network of ATMs. So,

Budget 2020: Finance Ministry To Start ArthShastri Campaign On 22 Jan
The finance ministry in a bid to make the budget more understandable by common man will unveil a social campaign called Arthshastri on January 22. As part of the common, the ministry will head on to explaining various budgetary terms through

Ice-Cream And Frozen Desserts To Get Costlier
The Indian Ice-cream Manufacturers association (IICMA) in a note said that the price of ice-cream is likely to see a sharp surge due to an increase in the cost of import of Skimmed Milk Powder coupled with low milk supply (due

Budget 2020: Govt Likely To Tweak Dividend Distribution Tax Applicability
In the upcoming Union Budget, the Finance Ministry is likely to announce changes to dividend distribution tax (DDT) and long-term capital gains (LTCG) tax on equity investments. According to CNBC-TV18 sources, the government is likely to change the applicability of

Budget 2020: Mutual Fund Investors Look To Withdrawal Of LTCG
Equity Mutual Fund returns have been superb in the last 1 year. Investment in equity mutual funds has fetched very good returns and money flowing into equity funds through Systematic Investment plans has been steady. To give a further boost to

RBI Releases Board Meeting Minutes For The First Time To Improve Transparency
In an effort to improve transparency in its operations, the Reserve Bank of India (RBI) for the first time released the minutes of its board meeting. Earlier, this was only available in response to queries under the Right to Information (RTI)

Budget 2020: Pushing Demand To Boost Economy Would Be Key
It's going to be one of the most difficult Union Budgets to deliver this time around with growth hitting a new 6-year low. Come to think of it, when we argue that India still continues to remain among the few fastest

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