Business

14

Feb

By The Press Editor

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Business

Gold, Silver Prices Today: Yellow metal gains on MCX amid Modi-Trump meeting

Image Source : PIXABAY In Delhi, the 24-carat gold price was quoted at Rs 87,310 per 10 grams. Gold, Silver Prices Today: Amid Prime Minister Narendra Modi's US visit,  Multi Commodity Exchange (MCX) gold prices saw some buying interest. MCX Gold for April 4 contract opened higher at Rs 86,020 per 10 gm and touched an intraday high of Rs 86,144 within a few minutes of the Opening Bell. At around 10 AM, it was at Rs 86,118 per 10 grams - 0.36 per cent higher than the previous close. The yellow metal's same contract had hit an all-time high…

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14

Feb

By The Press Editor

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Business

Income Tax Bill 2025: Tax year vs assessment year vs financial year vs calendar year

Image Source : PIXABAY The current Income Tax Act, 1961 uses the concepts of Previous Year and Assessment Year. The Income Tax Bill 2025 has been introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman. The Finance Minister has urged Speaker Om Birla to refer it to a select committee of the House. The much anticipated Bill, which is half the size of the 1961 Income Tax Act, aims at achieving tax certainty.  The Bill will also replace terminologies such as "assessment year" and "previous year" with the easier-to-understand "tax year" as part of a move to simplify language.…

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14

Feb

By The Press Editor

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Business

RBI supersedes board for 12 months, appoints administrator – India TV

Image Source : PTI Customers gather at New India Co-operative Bank. The Reserve Bank of India (RBI) on Friday superseded the Board of Directors of New India Co-operative Bank for a period of 12 months. The central bank has appointed Shreekant, former Chief General Manager of State Bank of India (SBI), as administrator to manage the affairs of the bank during the period.  Earlier on Thursday, the RBI imposed several restrictions on city-based New India Co-operative Bank, including on the withdrawal of funds by depositors, amid supervisory concerns. The Reserve Bank's Directions to New India Co-operative Bank, Mumbai came…

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14

Feb

By The Press Editor

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Business

India’s wholesale price inflation eases to 2.31 per cent in January 2025 – India TV

Image Source : PIXABAY The wholesale inflation eased on moderation in food and fuel prices. India's wholesale price inflation eased to 2.31 per cent in January 2025 as against 2.37 per cent in December 2024, government data showed on Friday. The wholesale inflation eased on moderation in food and fuel prices. It was 0.33 per cent in January 2024. As per the data, inflation in food items eased to 5.88 per cent in January, as against 8.47 per cent in December 2024. Inflation in vegetables came down significantly to 8.35 per cent, as against 28.65 per cent in December 2024. Inflation…

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14

Feb

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Business

Know your returns on Rs 5 lakh and Rs lakh 10 lakh investments – India TV

Image Source : PTI/INDIA TV Fixed deposits offer a risk-free return. SBI FD Scheme: The State Bank of India (SBI) is India's largest public sector bank. It offers several saving schemes to its customers - with one of the most important ones being a fixed deposit scheme. The fixed deposit scheme is considered to be the favourite of people who are looking for a risk-free return. Moreover, some FDs offer premature withdrawal facilities which let customers close it even before the maturity date. If you are planning to invest in a fixed deposit, here we have tried to provide a…

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14

Feb

By The Press Editor

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Business

Customers express concern about deposits as RBI imposes restrictions – India TV

Image Source : FILE New India Co-Operative Bank chaos: Customers express concern about deposits as RBI imposes restrictions Several customers expressed concern as they gathered outside Mumbai-based New India Co-operative Bank on Friday, a day after Reserve Bank banned the bank from issuing new loans and suspended deposit withdrawals for six months, citing supervisory concerns and the lender's liquidity position. "We are clueless as no information is being provided by the bank. I got the information that the bank is allowing customers to operate locker but we have been standing for hours and nothing is happening," a customer said. "I…

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14

Feb

By The Press Editor

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Business

Check subscription plan – India TV

Image Source : JIOHOTSTAR The platform has close to 3 lakh hours of entertainment. JioHotstar subscription plan: JioStar, the newly formed joint venture by the merger of Viacom18 and Star India, has launched JioHotstar. The platform brings togetherJioCinema and Disney+ Hotstar streaming platforms. JioHotstar subscription plan According to the information provided, the subscription plan begins for JioHotstar begins at Rs 149.  Will this impact existing JioCinema and Disney+ Hotstar subscribers? The company said that existing JioCinema and Disney+ Hotstar subscribers will be able to seamlessly transition and set up their JioHotstar subscriptions. The platform has close to 3 lakh hours…

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14

Feb

By The Press Editor

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Business

Customers queue outside Mumbai-based New India Co-operative Bank as RBI imposes several restrictions – India TV

Image Source : PTI Customers queue outside Mumbai-based New India Co-operative bank as RBI imposes several restrictions Queues of people were seen outside Mumbai-based New India Co-operative Bank as worried customers want to withdraw their money after the Reserve Bank of India (RBI) on Thursday imposed several restrictions, including on the withdrawal of funds by depositors, amid supervisory concerns. The Reserve Bank's Directions to New India Co-operative Bank, Mumbai came into force from the close of business on Thursday and would remain in force for a period of six months and are subject to review. "Considering the bank's present liquidity…

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14

Feb

By The Press Editor

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Business

Sensex, Nifty open in green amid PM Modi’s US visit – India TV

Image Source : PTI GIFT Nifty had hinted at a positive start for the Nifty 50 index. Market Opening Bell: Indian benchmark indices opened in green on Friday, February 14, 2025, amid mixed global cues. While the 30-share BSE Sensex was up over 200 points in early trade, the NSE Nifty started at above 23,100. The BSE Sensex gained 250.02 points or 0.32 per cent to trade at 76,388.99, while the NSE Nifty 50 climbed 65.05 points to 23,096.45 in the opening trade. The positive start comes after Prime Minister Narendra Modi met US President Donald Trump at the Oval Office on…

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14

Feb

By The Press Editor

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Business

From ‘tax year’ to special provision for capital gains computation, what’s new? – India TV

Image Source : SANSAD TV Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Thursday introduced the New Income Tax Bill in Lok Sabha. She urged the Lok Sabha Speaker to refer the Income Tax Bill, 2025, to the Select Committee of Lok Sabha. Opposition members opposed the Bill at the introduction stage but the House passed a motion by voice vote for its introduction. The new bill does not bring in any new taxes, but only simplifies the language of the existing Income Tax Act, 1961. The new law is expected to come into effect from April 1, 2026. Here's everything…

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