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  • April 1: Money Changes That Will Impact Your Year Ahead Apr 01, 2021 09:54 AM IST

    April 1: Money Changes That Will Impact Your Year Ahead

    From the new tax rates on your Employees’ Provident Fund to relief to senior citizens over 75 years of age from filing income-tax returns, here are all the money changes and rules effected April 1.

  • 18 stocks from top 5 PMSes outperformed Nifty in FY20; worth a look? Apr 15, 2020 10:53 AM IST

    18 stocks from top 5 PMSes outperformed Nifty in FY20; worth a look?

    The stocks that most portfolio managers trust the most include HDFC Bank, Page Industries, Asian Paints, Pidilite Industries, Berger Paints, HUL and ICICI Bank.

  • Govt seeks parliament nod to spend additional $2.7 billion in 2019-20 Nov 28, 2019 01:05 PM IST

    Govt seeks parliament nod to spend additional $2.7 billion in 2019-20

    The government proposes to spend 25 billion rupees for capital infusion in state-run insurance companies in the current financial year, and 45.57 billion rupees for capital infusion in IDBI Bank through bonds, the statement tabled in the lower house of parliament said.

  • Economic Survey hints at change of financial year from April-March Aug 11, 2017 05:46 PM IST

    Economic Survey hints at change of financial year from April-March

  • No plans to shift financial year to January-December from 2018: Santosh Kumar Gangwar Jul 31, 2017 11:33 AM IST

    No plans to shift financial year to January-December from 2018: Santosh Kumar Gangwar

    Discussions to shift the financial year from April-March to January December, however, continue in the Parliament.

  • Financial year likely to be changed from 2018; Budget in November? Jun 26, 2017 09:08 PM IST

    Financial year likely to be changed from 2018; Budget in November?

    The Centre may present next Budget in November this year, top govt sources told PTI.

  • Companies to offer increments in 5-10% range for FY18: Survey Apr 10, 2017 01:56 PM IST

    Companies to offer increments in 5-10% range for FY18: Survey

    According to Genius Consultants' Hiring, Attrition and Compensation Trend 2017-18 survey, 70 percent respondents said new, replacement hiring is expected across industries and 62 per cent of corporate houses said projected increase in staff strength in their companies will be 1-15 per cent.

  • NSE tweaks norms for cos listed on de-recognised bourses Mar 10, 2017 04:58 PM IST

    NSE tweaks norms for cos listed on de-recognised bourses

    As per the new listing criteria, exclusively listed companies of de-recognised stock exchanges or bourses, which are seeking an exit from capital markets would be eligible for listing on the NSE only if their respective paid-up equity capital is at least Rs 10 crore in each three preceding financial years.

  • Union Budget Series: Key terms in the Budget Mar 03, 2017 02:11 PM IST

    Union Budget Series: Key terms in the Budget

    Financial year and assessment year. Financial year (FY) runs from April 1 to March 31 of the next year; assessment year (AY) is the year following the FY. Tax on income earned in an FY is paid during the AY.

  • Union Budget Series: Parliamentary process Mar 03, 2017 02:11 PM IST

    Union Budget Series: Parliamentary process

    It all begins with the finance minister‘s speech in the Lok Sabha. The Budget is then tabled in parliament. Discussions on the economy and broad Budget measures take place without voting. The parliament then breaks for a three-week recess. Parliamentary Standing Committees give reports on ministries‘ estimates or demands for grants.

  • Union Budget Series: Making of Budget Mar 03, 2017 02:11 PM IST

    Union Budget Series: Making of Budget

    The exercise to make the Budget is a long-drawn one. It juggles political pressures, economy‘s priorities and utmost secrecy. Budget work begins in August with a circular to ministries and departments. They reply with details of funds they need.

  • Demand-supply gap to aid education sector growth: Ind-Ra Mar 01, 2017 05:16 PM IST

    Demand-supply gap to aid education sector growth: Ind-Ra

    India Ratings (Ind-Ra) has given a stable outlook on the education sector for this financial year and said a huge demand-supply gap in the segment provides it an opportunity to grow.

  • Acharya panel sees no benefit in changing financial year: Srcs Feb 08, 2017 12:43 PM IST

    Acharya panel sees no benefit in changing financial year: Srcs

    The panel had earlier recommended to the government to consider changing the financial year to January-December or July-June instead of the 150 year old norm of April to March.

  • Govt examining report on financial year change: Shaktikanta Das Feb 03, 2017 09:09 AM IST

    Govt examining report on financial year change: Shaktikanta Das

    Economic Affairs Secretary Shaktikanta Das said that the finance ministry is examining a report that had recommended a change in the financial year to January-December.

  • Companies' CSR spend hit Rs 8,300 cr in 2015-16: Report Jan 30, 2017 02:46 PM IST

    Companies' CSR spend hit Rs 8,300 cr in 2015-16: Report

    Crisil Foundation today said companies' CSR spending rose 22 per cent, with much of the amount going towards education, skill development, healthcare and sanitation initiatives.

  • Cos mobilise Rs 29,212 crore via NCDs so far in 2016-17 Jan 30, 2017 12:54 PM IST

    Cos mobilise Rs 29,212 crore via NCDs so far in 2016-17

    The funds have been raised for funding expansion plans, retiring debt, supporting working capital requirements and other general corporate purposes.

  • Sebi may lower broker fee to Rs 15 per transaction of Rs 1 cr Jan 12, 2017 01:28 PM IST

    Sebi may lower broker fee to Rs 15 per transaction of Rs 1 cr

    Even after reducing the broker fee, Sebi is expected to see an increase in its overall fee income as certain new charges would be levied including filing fee for draft scheme of arrangements and processing fee on application for relaxation in certain regulations.

  • IT dept to block PAN, LPG subsidy of defaulters Jun 21, 2016 12:04 PM IST

    IT dept to block PAN, LPG subsidy of defaulters

    A number of such measures have been mooted by the tax department, to be undertaken this financial year, in order to curb the menace of large-scale tax avoidance and evasion.

  • MTNL aims to be profitable by 2017-18 Jun 02, 2016 07:50 AM IST

    MTNL aims to be profitable by 2017-18

    The PSU reported operating loss of Rs 526.42 crore for the Janaury-March quarter of 2015-16. However, it was able to post a net profit of Rs 174.58 crore for the quarter on account of refunds for surrendering CDMA spectrum.

  • RBI asks banks to remain open full day on March 30 Mar 17, 2016 09:52 PM IST

    RBI asks banks to remain open full day on March 30

    The Reserve Bank today asked banks to keep their branches, which conduct government business, open for full day on March 30 and till 8 pm on March 31 to facilitate the transactions before annual closing of government accounts.

  • Companies garner Rs 23,000 cr via NCDs in FY'16 Feb 25, 2016 04:04 PM IST

    Companies garner Rs 23,000 cr via NCDs in FY'16

    Most of the funds have been mobilised for expansion, to support working capital requirements and other general corporate purposes.

  • Budget 2016: Govt to present 'run-of-the-mill' Budget, says Nomura Feb 19, 2016 02:10 PM IST

    Budget 2016: Govt to present 'run-of-the-mill' Budget, says Nomura

    According to the Japanese financial services major, the government is likely to meet its fiscal deficit target of 3.9 percent of GDP in the current financial year, but in 2016-17 it might slip to 3.7 percent as against an earlier target of 3.5 percent.

  • 32 listed cos paid Rs 6,300 crore royalty in FY15 Feb 18, 2016 03:26 PM IST

    32 listed cos paid Rs 6,300 crore royalty in FY15

    Proxy advisory firm IiAS today said the payout amount translates to around 21 percent of the 32 companies' pre-royalty pre-tax profits.

  • Government confident of meeting FY16 fiscal deficit target: Srcs Feb 06, 2016 01:16 PM IST

    Government confident of meeting FY16 fiscal deficit target: Srcs

    Sources tell CNBC-TV18, that the total revenue shortfall is likely to be below Rs 10,000 crore, despite corporate tax and disinvestment receipts expected to miss budget estimates by a wide margin.

  • Uflex Limited`s Consolidated Net Profit for Q3 FY 2015-16 Soars Up by 38% Year-on-Year Feb 03, 2016 10:30 AM IST

    Uflex Limited`s Consolidated Net Profit for Q3 FY 2015-16 Soars Up by 38% Year-on-Year

    India's largest global flexible packaging company Uflex has registered 38% growth in its consolidated net profit for Q3 FY ...

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