Business

Union Minister for [Information and Broadcasting, Ashwini Vaishnaw announcing the recent cabinet decisions The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a series of measures spanning support for small and medium enterprises, integrated transport planning and logistics, and a resolution marking PM Modi’s completion of 25 years of continuous public service.The…

Cabinet may clear Rs 10,000 crore SME growth fund, integrated logistics authority NEW DELHI: The Union Cabinet is likely to take up two proposals linked to the government’s growth and infrastructure priorities, including the setting up of an Integrated Transport and Logistics Authority and the Rs 10,000 crore SME Growth Fund announced in the Union…

Indian Railways is working towards finishing the long-delayed Sivok-Rangpo railway project by December 2027. (Image for representative purpose only) Sikkim is moving closer to being on the railway map and now Indian Railways is stepping up efforts to bring Sikkim’s capital Gangtok onto the railway network by prioritising a proposed 34-km rail link between Rangpo…

Gold tried to recover on tepid US nonfarm payroll data released Friday, too, but the rally once again proved to be abortive. Gold price prediction today: Gold prices are expected to be under pressure unless yields fall, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Here’s what he has to say: Gold Performance:…

The second addition arose after the man transferred five of the six flats to his wife through sale deeds in 2020. (Image for representative purpose only) You enter into an agreement with a builder for your land and later transfer five flats from it to your wife. Is a capital gains tax applicable?In one such…

Oil prices remained close to $100 a barrel on Tuesday, with steady Middle Eastern oil exports helping to ease supply concerns. However, continued attacks in the region kept traders alert to the risk of disruptions to Gulf supplies.Brent crude was trading at $100.6 a barrel, up 24 cents or 0.24%, while WTI stood at $89.60,…

NEW DELHI: Government is likely to sign a bilateral investment treaty (BIT) with Saudi Arabia, allowing companies from the Gulf state to initiate international arbitration two years after they exhaust legal remedies in India. This is a concession from the current five-year clause in the model BIT finalised by govt a year ago.The Union cabinet…

On the jewellery issue, the ITAT found that the department’s reasoning involved too many assumptions. (Image for representative purpose only) The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has given partial relief to a Mumbai taxpayer who was asked to explain jewellery worth Rs 67.39 lakh disclosed in her income tax return. The tribunal deleted…

Two-wheelers are the most common primary mode of transport for workers, accounting for 37.1 per cent of rural commutes and 52.3 per cent of urban commutes. I capture a diverse group of commuters walking briskly on a city sidewalk during the morning commute, with a blurred cityscape in the background. Two-wheelers are the most common…

The meeting has been rescheduled for a 2nd time The 57th meeting of the GST Council has been rescheduled for October 8, a day after its previously scheduled date, with the Secretariat citing “unavoidable circumstances”.According to an office memorandum issued by the GST Council Secretariat on October 5, the meeting will now be held from…