Gadkari proposes 30% tax on Chinese agarbatti, earthen cups at Railways

Gadkari proposes 30% tax on Chinese agarbatti, earthen cups at Railways

Saturday, 31 August 2019 | PTI | Nagpur

Union Road Transport and MSME Minister Nitin Gadkari said on Friday that he has proposed introduction of ‘kulhad’ (earthen) cups for tea at railway stations. He has also suggested a 30 per cent tax on Chinese- made agarbatti (incense sticks), he said. Gadkari was addressing a gathering of women after the ground-breaking...

In brief

Saturday, 31 August 2019 | PNS

Ex-French AMBASSADOR appointed Safran V-p New Delhi: Former French Ambassador to India Alexandre Ziegler has been named senior executive vice president of French aerospace company Safran, a statement said. From 2016 till August 29 this year, he was the French Ambassador to India. Interpol Secy meets Home Secy bhalla New Delhi: Visiting Interpol...

Sensex spurts 264 pts on banking, FMCG boost; posts weekly gain

Saturday, 31 August 2019 | PTI | Mumbai

Markets overcame a mid-session spell of weakness to close with robust gains on Friday as investors accumulated banking, FMCG and metal stocks amid hopes of more measures from the government to bolster growth. Positive global cues and a strengthening rupee added to the buying momentum, traders said. After gyrating 568 points during...

Gold slips below Rs 40,000

Saturday, 31 August 2019 | PTI | New Delhi

After crossing record Rs 40,000-mark, gold price on Friday declined Rs 500 to Rs 39,720 per 10 gram in the national capital, according to the All-India Sarafa Association, as positive developments in US-China trade talks reduced safe-haven appeal of the yellow metal. The yellow metal on Thursday rose by Rs...

Fiscal deficit touches Rs 5.47 lakh crore at July-end

Saturday, 31 August 2019 | PTI | New Delhi

The government’s fiscal deficit touched Rs 5.47 lakh crore in the June quarter, which is 77.8 per cent of the budget estimate for 2019-20. In absolute terms, the fiscal deficit or gap between expenditure and revenue was Rs 5,47,605 crore at July-end, as per the data released by the Controller...

ONGC charts course for new ‘avatar’

Saturday, 31 August 2019 | PTI | New delhi

India’s top oil and gas producer ONGC on Friday unveiled a USD 15-16 billion investment plan to double output from its domestic and overseas fields and expand its refining capacity three folds alongside diversification into renewables in a new vision document for 2040.   “The new strategy document aims to transforms...

Rs  gains 38 paise to close at 2-week high against dollar

Saturday, 31 August 2019 | PTI | Mumbai

The rupee appreciated by 38 paise to close at a two-week high of 71.42 against the US dollar on Friday led by a rally in domestic equities and renewed hopes of the US-China trade talks. At the interbank foreign exchange, the rupee opened up at 71.76 and gained further strength to...

Deadline of filing ITRs not extended, do it by Aug 31: I-T Dept

Saturday, 31 August 2019 | PTI | New Delhi

The I-T department on Friday dismissed social media reports which claimed that the Government has extended the due date for filing of income tax returns (ITRs) by a month and advised taxpayers to complete the process by the set deadline of August 31. “It has come to the notice of CBDT...

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