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Retail Inflation Worsens To 6.93% In July From 6.23% In June
Edited by Abhishek Vasudev | Thursday August 13, 2020Inflation remained above the Reserve Bank of India's medium term range of 4-6 per cent. -
Eicher Motors Reports Loss Of Rs 55 Crore In June Quarter
Edited by Abhishek Vasudev | Thursday August 13, 2020Eicher Motors on Thursday reported consolidated loss of Rs 55 crore in quarter ended June 30 against profit of Rs 452 crore during the same period last year. -
India's Gems And Jewellery Exports Fall 38% In July: Trade Body
Reuters | Thursday August 13, 2020Globally, demand for diamonds has plummeted during the pandemic, freezing sales and squeezing prices -
India's Air Passenger Traffic Slumps 82% In July Amid COVID-19: Regulator
Edited by Sandeep Singh | Thursday August 13, 2020Airlines carried a total of 372.85 lakh passengers in the first seven months of 2020 (January-July), marking a fall of 54.84 per cent compared to the corresponding period a year ago. -
I-T Department Adopts New Charter. Here's What's In Store For Taxmen And Taxpayers
Edited by Abhik Deb (with inputs from agencies) | Thursday August 13, 2020The tax officers will now be committed to a 14-point charter, while taxpayers will have to fulfill six-point expectations of the I-T Department -
Sensex, Nifty End Flat; PSU Banks, Pharma Shares Fall, Metals Shine
Edited by Abhishek Vasudev | Thursday August 13, 2020Mid- and small-cap shares outperformed their larger peers as the Nifty Midcap 100 index rose 1.7% and Nifty Smallcap 100 index advanced 0.73%. -
Crude Prices Rise 2% After Drop In US Oil Stocks Spurs Demand Hope
Reuters | Thursday August 13, 2020Crude inventories In US fell by 4.5 million barrels, compared with analysts' expectations in a Reuters poll for a 2.9 million-barrel drop -
All You Need To Know About Faceless Tax Assessment And Appeal
Edited by Sandeep Singh | Thursday August 13, 2020"A faceless tax system will give the taxpayer confidence on fairness and fearlessness," PM Narendra Modi said in a video address after rolling out the ''Transparent Taxation - Honoring the Honest'' platform. -
Landmark Day In History Of Tax Administration: Finance Minister On Launch Of Faceless Assessment
Edited By Abhishek Vasudev | Thursday August 13, 2020The Finance Minister reiterated that the government has over the past few years simplified the country's tax system. -
Sensex Falls Over 300 Points From Day's High, Nifty Hovers Around 11,300
Edited by Abhishek Vasudev | Thursday August 13, 2020Six of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty PSU Bank index's 1 per cent decline. -
Honest Taxpayer Plays A Very Big Role In Nation-Building, Says PM Modi: Highlights
Edited by Sandeep Singh | Thursday August 13, 2020PM Modi said the new platform will strengthen efforts of "reforming and simplifying our tax system". -
'Faceless, Fair, Fearless': PM's Big New Push For Tax Reforms
Edited by Peter Noronha (with inputs from agencies) | Thursday August 13, 2020Prime Minister Narendra Modi today launched a new platform to ease the compliance burden for assessees and reward the "honest taxpayer". "The country's honest taxpayer plays a big role in nation-building... A faceless tax system will give the taxpayer confidence on fairness and fearlessness," the Prime Minister said in a video address after rolling out the ''Transparent Taxation - Honoring the Honest'' platform in a big push for tax reforms. PM Modi said a "faceless appeal facility" will be available to all citizens from September 25, which is Deen Dayal Upadhyaya's birth anniversary, and the initiatives will strengthen the efforts of "reforming and simplifying our tax system". -
Tata Steel Sheds Nearly 1% Ahead Of June Quarter Earnings
Edited by Peter Noronha | Thursday August 13, 2020Tata Steel had posted a consolidated net loss of Rs 1,095.68 crore in March 31 quarter, compared with a net profit of Rs 2,430.92 crore in corresponding quarter last year. -
Zydus Cadila Launches India's Cheapest Remdesivir Version At Rs 2,800 Per Vial
Reuters | Thursday August 13, 2020It (Remdesivir version) will be sold under the brand name Remdac to government and private hospitals treating Covid-19 patients, the company said in a regulatory filing. -
Silver Price Today: Silver Futures Decline Nearly 1% To Rs 66,250
Edited by Sandeep Singh (with inputs from Reuters) | Thursday August 13, 2020Silver Price Today: At 10:16 am, the MCX silver futures contract quoted at Rs 66,473, down 0.42 per cent (Rs 280) from its previous close.
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