[ad_1] NEW DELHI: Centre’s gross direct tax collections went up 4.1% to Rs 21.5 lakh crore, dragged down by sluggish growth in income tax, where govt had offered significant concessions in the last budget.During the financial year up to Jan 11, non-corporate tax, as govt refers to income tax, was 1.2% higher at Rs 10.6…
[ad_1] Vande Bharat sleeper launch soon! Indian Railways is all set to launch its first Vande Bharat sleeper this week, with PM Narendra Modi expected to flag off the new train on January 117 between Howrah and Kamakhya (Guwahati). Ahead of the launch, Indian Railways has announced the fare structure and ticket prices for the…
[ad_1] The Confederation of Indian Textile Industry (CITI) has urged the government to permanently remove the 11 per cent import duty on cotton in the Union Budget 2026, warning that the levy is aggravating cost pressures and hurting the global competitiveness of domestic textile and apparel manufacturers, PTI reported.A CITI delegation met Union Agriculture Minister…
[ad_1] Pressure linked to the ‘Sell America’ narrative is unlikely to fade. (AI image) US President Donald Trump’s fresh attack on the Federal Reserve seems to have revived the ‘Sell America’ sentiment in the stock market and strategists and market experts are warning that the selloff may deepen over time if the tiff between the…
[ad_1] The requirement to issue TDS and TCS certificates is increasingly seen as redundant. (AI image) India’s tax deduction at source (TDS) framework, originally designed as a mechanism to ensure steady revenue inflows and improve tax compliance, has over the years become a source of complexity, cash-flow stress and litigation for businesses. With the scope…
[ad_1] The initial public offering of Bharat Coking Coal Ltd (BCCL), a Coal India subsidiary, was subscribed 33.6 times on the second day of bidding on Monday, reflecting strong demand from non-institutional and retail investors, exchange data showed.The Rs 1,071-crore issue received bids for 11,65,79,29,200 shares against 34,69,46,500 shares on offer, according to data available…
[ad_1] A US federal court in Chicago on Monday began hearing a second damages trial against Boeing over the fatal 2019 crash of an Ethiopian Airlines 737 MAX aircraft, as a Canadian plaintiff sought compensation for the loss of multiple family members in the tragedy.The case has been filed by Manant Vaidya, whose sister Kosha…
[ad_1] The TOI correspondent from Washington: US President Donald Trump is on the warpath against Venezuela, Cuba, Iran, Greenland — and the Federal Reserve. In a move that has rattled financial markets and political circles alike, the Trump administration’s Justice Department has launched a criminal investigation into Federal Reserve Chair Jerome Powell, marking an unprecedented…
[ad_1] The US Justice Department’s threat to criminally indict Federal Reserve Chair Jerome Powell has triggered a fresh confrontation between the White House and the central bank, intensifying concerns over the Fed’s independence and the direction of US monetary policy.The subpoenas, served on Friday, relate to Powell’s June testimony on the $2.5 billion renovation of…
[ad_1] Net direct tax collection grew 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11, the Income Tax Department said on Monday.The mop-up includes net corporate tax collection of over Rs 8.63 lakh crore and tax from non-corporates, including individuals and HUFs, of Rs 9.30 lakh crore.Securities Transaction…