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Taxpayers will now be able to perform their I-T related works like filing returns or applying for a PAN card from an enhanced single website to be launched tomorrow by Finance Minister Arun Jaitley. An updated version of the existing website of the Income Tax department-- www.incometaxindia.gov.in-- will now be acting as a "single window" for all activities and online services offered by the I-T department, ...
Calling for a re-think on easy credit, RBI Governor Raghuram Rajan has said banks are actually subsidising student education loans for overseas studies under the priority sector lending (PSL) segment. "We actually subsidise, in the priority sector, student loans to study abroad. Are students studying abroad the most needy in the country or is it the most important?" Rajan said in an address to bankers ...
Ahead of the festive season, India’s diamond jewellery exporters are seeing a change in consumer preference---unlike in past years, buyers are now opting for ornaments in the mid-lower end of the spectrum, preferring lower-purity gold and small diamonds, especially coloured gems. Though signs of an economic recovery in the US have led to hopes of a rebound in India’s gems & jewellery sales ...
Gold prices slipped to its lowest level in more than 14 months as intense selling remained unabated at the domestic bullion market amid fears of global meltdown in the aftermath of Fed policy backlash. Elsewhere, silver also plunged sharply to hit nearly 1-1/2 year low and closed below the psychological significant Rs 41,000 per kilo level due to heavy speculative unwinding. Standard gold (99.5 purity) ...
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