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Indian equities extend losses
Business

Indian equities extend losses

New Delhi, Feb 7: India's key benchmark equity indices -- S&P BSE Sensex and NSE Nifty50 -- extended their losses from the previous week and traded marginally in the red during early trade on Monday. At 9.38 a.m., Sensex traded at 58,508 points, down 0.2 per cent or 137 points from the...
India
Business

India''s digital currency to debut by early 2023

New Delhi, Feb 6: India's very own official digital currency is likely to debut by early 2023, which will mirror any of the currently available private company-operated electronic wallets, but with a change that it will be a sovereign-backed facility, a top government source said. Finance...
Indian equities open low on profit booking, Sensex slips nearly 300 pts
Business

Indian equities open low on profit booking, Sensex slips nearly 300 pts

New Delhi, Feb 3: The Indian equities opened lower during the early trade on Thursday due to profit booking by investors after sizable gains in past two-to-three sessions.At 10.28 a.m., Sensex traded at 59,272 points, down 0.5 per cent or 285 points from the previous close of 59,558 points. It...
Digital rupee can be exchanged for cash: PM
Business

Digital rupee can be exchanged for cash: PM

New Delhi, Feb 2: Prime Minister Narendra Modi on Wednesday said the digital rupee, proposed in the union budget, could be exchanged for cash and will open new opportunities in the fintech sector.Addressing the 'Atmanirbha Arthavyavastha' (self-reliant economy) symposium organised by the BJP, he...
Equity markets open on positive note a day after Budget
Business

Equity markets open on positive note a day after Budget

Mumbai, Feb 2: A day after the union budget for 2022-23 was presented, the 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning trade.The Sensex of the BSE opened at 59,293.44 points and touched a high of 59,441.72 points. The Sensex touched a low of 59,193.05...
Budget 2022 key highlights: From digital currency to mental health programme
Business

Budget 2022 key highlights: From digital currency to mental health programme

Guwahati, Feb1: Finance Minister Nirmala Sitharaman today presented the Union Budget 2022-23 in the Parliament. Apart from announcing five major infrastructure projects the Fin Min proposed rolling out 5G telecome services, announced a national tele-programme for mental health; and brought virtual...
Budget 2022: For every rupee in govt coffer, 58 paise to come from taxes
Business

Budget 2022: For every rupee in govt coffer, 58 paise to come from taxes

New Delhi, Feb 1: For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 35 paise from borrowings and other liabilities, 5 paise from non-tax revenue like disinvestment and 2 paise from non-debt capital receipts, according to the Budget documents for 2022-23. ...
Budget 2022: 30 pc tax on income from cryptocurrency, virtual assets; 1 pc TDS on buy/sale
Business

Budget 2022: 30 pc tax on income from cryptocurrency, virtual assets; 1 pc TDS...

New Delhi, Feb 1: Giving clarity on taxation of cryptocurrencies and other virtual assets, Finance Minister Nirmala Sitharaman on Tuesday proposed a 30 per cent tax on income from transactions in such assets. Also, to bring such assets under the tax net, she proposed a 1 per cent TDS (tax...
Nirmala Sitharaman delivers Budget 2022-23 in shortest speech
Business

Nirmala Sitharaman delivers Budget 2022-23 in shortest speech

New Delhi, Feb 1: Finance Minister Nirmala Sitharaman on Tuesday delivered the Budget 2022-23 with her shortest budget so far. She spoke for one hour and 30 minutes, making it the shortest among the budget speeches that generally go for about 2 hours at least.Sitharaman, who also made the second...
India to gets its own digital currency by RBI next year: FM
Business

India to gets its own digital currency by RBI next year: FM

New Delhi, Feb 1: Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India's own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to see the light of the day. With this, India will join...
Cabinet approves Union Budget for 2022-23
Business

Cabinet approves Union Budget for 2022-23

New Delhi, Feb 1: The Union Cabinet headed by Prime Minister Narendra Modi on Tuesday approved the Budget 2022-23, sources said. The Budget will be presented by Finance Minister Nirmala Sitharaman in a short while from now in the Lok Sabha. The Budget documents usually include the finance...
Sitharaman takes tablet in red pouch to Parliament to present paperless Budget
Business

Sitharaman takes tablet in red pouch to Parliament to present paperless Budget

New Delhi, Feb 1: Finance Minister Nirmala Sitharaman on Tuesday again took a digital tablet wrapped in a traditional bahi-khata style pouch as she headed for Parliament to present the Union Budget 2022-23 in a paperless format just like the last year. She posed for the traditional 'briefcase'...
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