Finance Minister

Need robust global cooperation to fight cross-border tax evasion, avoidance: FM

Sitharaman to inaugurate national tax e-assessment centre on Monday

9:00 pm October 6, 2019

New Delhi: Finance Minister Nirmala Sitharaman will on Monday inaugurate the income tax department’s national e-assessment centre (NeAC), which will avoid face-to-face interaction between taxpayers and tax officials. The setting up of NeAC is a step for better taxpayer service, reduction of taxpayer grievances in line with the prime minister’s vision of ‘Digital India’ and […]

Govt should provide more stimulus; lower personal tax: Adi Godrej

12:34 pm October 3, 2019

New Delhi: The government should provide more stimulus to the industry and bring down personal tax rates to boost slowing growth rate of the economy, Godrej Group Chairman Adi Godrej said on Thursday. The government should take these measures, although this may increase the fiscal deficit, he said. “The government should provide more stimulus,” the […]

Rupee rallies to nearly 2-month high as crude subsides

8:27 pm September 27, 2019

Mumbai: The rupee spurted by 32 paise to close at a nearly two-month high against the US currency on Friday as crude oil prices receded following reports that Saudi Arabia had agreed on a temporary ceasefire in Yemen. The domestic currency closed higher by 0.44 per cent at 70.56 to the US dollar, a level […]

Rupee slips 3 paise to 71.04 against USD

6:39 pm September 25, 2019

Mumbai: The Indian rupee dipped 3 paise to close at 71.04 against the US dollar on Wednesday amid rising demand for the greenback vis-a-vis other currencies overseas, even as crude oil prices eased. Forex traders said a weak trend in domestic equities, political unrest in the US and unabated foreign fund outflows also weighed on […]

Rupee slips 7 paise to 71.01 against USD

8:29 pm September 24, 2019

Mumbai: The Indian rupee on Tuesday dropped 7 paise to close at 71.01 against the US dollar as foreign fund outflows and subdued equities weakened forex market sentiment. However, easing crude oil prices and weaker greenback against rival currencies restricted the rupee fall to some extent. Foreign investors pulled out Rs 828.49 crore from Indian […]