Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government is likely to make such a proposal in the form of an amendment to the Finance Bill [...]
Over 41,000 sub-standard toys have been seized by enforcement agencies since the implementation of mandatory quality certification, with effect from January 2021, the government said on Thursday. In an official statement, Food and Consumer Affairs Ministry said that the government has taken proactive steps to restrict the import of sub-standard and unsafe toys and promote [...]
The Unique Identification Authority of India and state-owned Society for Electronic Transactions and Security on Thursday signed a pact to conduct joint research for the development of tools and products in deep tech domains, an official statement said. As part of the memorandum of understanding (MoU), both organisations will carry out joint research in deep [...]
Benchmark indices Sensex and Nifty declined in early trade on Friday amid a weak trend in Asian markets and fresh foreign fund outflows. Weak trend in index major Reliance Industries also dragged benchmark indices lower. The 30-share BSE Sensex declined 123.03 points to 57,802.25. The broader NSE Nifty fell 61.1 points to 17,015.80. From the [...]
As part of the Digital India programme, the National Minorities Development and Finance Corporation (NMDFC) on Thursday launched software MILAN for digitising loan and accounting processes. The prime mandate of NMDFC, which comes under the minority affairs ministry, is to provide concessional finance to the minorities for self-employment/income generation activities. As per the National Commission [...]
TRAI is scheduled to meet telecom companies on March 27 on the development and implementation of Unsolicited Commercial Communication (UCC) detect solutions, as the regulator continues its offensive against pesky marketing calls and messages. The Telecom Regulatory Authority of India (TRAI) further said that the exploitation of the DLT (Distributed Ledger Technology) platform to bring [...]
Equity benchmark Sensex declined 290 points in a volatile session to settle below the 58,000 mark on Thursday due to a sell-off in banking, financial and IT stocks amid a weak trend in European equities. Besides, heavy selling pressure in index heavyweight Reliance Industries added to the pressure, traders said. After rallying for the two [...]
Union Road Transport and Highways Minister Nitin Gadkari on Thursday said more than 2.78 lakh electric vehicles have been registered in the country in 2023 calendar year so far. Andhra Pradesh and Madhya Pradesh are in the process of migrating to Vahan portal and hence their data on EV registration is partially included while Telangana [...]
Sri Lanka has imported two million eggs from India to ensure food security in the crisis-hit island nation, Trade Minister Nalin Fernando said on Thursday. Fernando told Parliament that the shipment imported by the State Trading General Corporation had arrived and the stocks would be released in the market within three days. The decision to [...]
Finance minister Niramala Sitharaman is scheduled to meet managing directors of public sector banks (PSBs) on March 25 for performance review in the backdrop of failure of few banks in the US and liquidity crisis faced by Credit Suisse. The meeting is going to take stock of the progress made by banks in achieving targets [...]
