Business

Finance minister Nirmala Sitharaman in the Union Budget 2020 has proposed a roughly 10 per cent raise in excise duty on cigarettes across various lengths.

The scheme places emphasis on augmenting local water sources, recharging existing sources and will promote water harvesting and de-salination.

If an individual opts for the new income tax regime, he/she will no more be eligible for tax exemptions.

This is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after high-level meetings with senior officials of the tax department.

While the country ranks third in the number of new firms created globally, there has been a spur of new Service sector firms as opposed to Manufacturing, Agriculture, or Infrastructure.

Real GDP prices for the years 2018-19 and 2017-18 were Rs 139.81 lakh crore and Rs 131.75 lakh crore, respectively, showing growth of 6.1 per cent during 2018-19 and 7.0 per cent during 2017-18.

FM Nirmala Sitharaman on several occasions assured bankers that adequate measures would be taken to protect honest commercial decisions taken by them and distinction would be made between genuine commercial failures and culpability.

The bicycles are largely used by low income group and rural populations and therefore need to be made cheaper by slashing GST from the current 12 per cent to the lowest 5 per cent slab.

The company, which plans to raise Rs 1,600 crore through a follow-on public offer (FPO), has a solar panel capacity of 18 MW currently.

After opening on a weak note, the 30-share BSE index settled higher by 226.79 points or 0.55 per cent at 41,613.19. It hit an intra-day high of 41,697.03 and a low of 41,275.60.

Budget carrier SpiceJet is in active talks with the planemaker Boeing on compensation for 737 MAX-related costs, co-founder and chairman Ajay Singh told the Reuters Global Markets Forum.

Aditya Puri, whose term comes to an end in October this year, is also an advisor to the search committee tasked with identifying a suitable candidate.

Sebi chief Ajay Tyagi said application of AI (Artificial Intelligence) and ML (Machine Learning) tools has the potential to bring a paradigm shift in the securities market landscape.

Currently, the last date for filing GSTR-3B is 20th of every month. From now on, there will three dates -- 20th, 22nd and 24th -- of every month for different categories of tax payers.

Health authorities across Asia have been stepping up surveillance and other precautions to prevent a repeat of the disruptions and deaths during the 2003 SARS crisis, which caused $40 billion-$50 billion in losses from reduced travel and spending.

This is the second-highest number of employees added in 2019. The highest was in July with 19,86,360 employees.