Money flowing out of India is being taxed with tax deduction at source added on services like foreign tour packages and remittances as the outgoing funds flow is sought to being taxed. ....

L&T MBDA Missile Systems on Monday said it has set up the assembly, inert integration (without explosives) and testing facility for Missile Sub-systems and Missile Weapon Launch Systems in Coimbatore in Tamil Nadu. ....

India's second-largest commercial vehicle (CV) manufacturer, Ashok Leyland on Monday reported 39.9 per cent decline in total sales at 11,850 units in January. Commercial Vehicle sales is often considered to be a proxy for the industrial growth in the country. ....

It was an unusually long 2 hours, 41 minutes Budget speech by Finance Minister Nirmala Sitharaman, where she tried to come across as 'pro-farmer' while devising a new tax regime aimed at the middle class. however, beyond the couplets and promises, the specifics showed either no increase in allocation or marginal. With very little fiscal room to manoeuvre, Sitharaman walked a tightrope. ....

In a major relief to middle class, Finance Minister Nirmala Sitharaman has proposed to cut income tax rates and change slabs to lower tax incidence for those earning upto Rs 15 lakh a year. ....

In a major relief to the common man, the Finance Minister on Saturday announced to raise the insurance cover on bank deposits to Rs 5 lakh from the current Rs 1 lakh. ....

Finance Minister Nirmala Sitharaman said Central government's debt reduced to 48.7% of GDP in 2019 from 52.2% and has clocked a GDP growth of 7.4% over 2014-19 & FDI increased from $119 bn in 2009-14 to $ 284 billion. ....

Banking operations were largely affected in the country on Friday owing to the strike by bankers pressing for early settlement of wage revision, said a top leader of All India Bank Employees' Association (AIBEA). ....

The Enforcement Directorate (ED) has found diversion of Rs 12,773 crore from Dewan Housing Finance Ltd (DHFL) to the accounts of 79 companies routed through one lakh fictitious retail customers as loans, sources said. ....

In a major development in the Tata Sons-Cyrus Mistry row, the Supreme Court on Thursday stayed the National Company Law Appellate Tribunal's (NCLAT) order dismissing the Registrar of Company's (RoC) plea to modify its verdict on the Tata Sons matter. ....