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IndiaTV Business: Google News Feed: Digest for August 16, 2024

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Income Tax Refund: The deadline to file income tax returns is over and the taxpayers are now waiting for their refund after filing their ITR. The due date for filing Income Tax Returns was on July 31, 2024 and the taxpayers who have successfully filed their ITRs by the deadline can expect the refund to be deposited into their bank accounts shortly.
India's net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. This significant increase is said to be the reflection of robust economic activity and improved tax compliance. The overall tax collection includes Rs 4.47 lakh crore from personal income tax, showcasing the strong contribution of individual taxpayers to the exchequer. Meanwhile, the corporate tax collection also showed a healthy performance, contributing Rs 2.22 lakh crore to the total.
Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. Notably, HDFC Bank shares saw a 2% decline. The broader markets, however, showed resilience with gains in the MidCap and SmallCap indices. Additionally, several stocks are set for inclusion in the MSCI India Index following the August review.
Here comes a piece of good news for the metro commuters. The Indian Railway and National Capital Region Transport Corporation (NCRTC) joined hands to promote the 'One India - One Ticket' initiative to enhance the travel experience for passengers on main line railway and Namo Bharat trains. The Indian Railways in a statement said the collaboration will provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services.
Bangladesh's inflation in July touched a 12-year high at 11.66 per cent as the country undergoes massive political turmoil due to violent student protests over a controversial job quota system, according to the nation's bureau of statistics. The inflation was 9.72 per cent in June, The Dhaka Tribune newspaper reported.
PM Kisan Samman Nidhi Yojana: After the recent release of the 17th installment, now the beneficiary farmers are waiting for the next installment of PM Kisan Sammn Nidhi Yojana. Various media reports claimed that the 18th installment of the PM-Kisan scheme is likely to be released in November 2024.
Indian equity benchmark indices opened on a positive note on Wednesday, tracking the strength from global markets. The BSE Sensex climbed 50 points to 79,000, while the NSE Nifty 50 reached a high of 24,196, hovering around 24,150 levels. Among the Sensex 30 stocks, Tata Motors emerged as the top gainer, rising over 1%. Other notable gainers included SBI, Sun Pharma, Tech Mahindra, and Larsen & Toubro. Conversely, Adani Ports, UltraTech Cement, ICICI Bank, and Axis Bank were among the notable losers.

India's wholesale inflation drops to 2.04 per cent in July

Wednesday 14 August 2024 06:52 AM UTC+00
India's wholesale inflation declined to 2.04% in July, down from 3.36% in June, according to government data released on Wednesday. The data was shared by the Department for Promotion of Industry and Internal Trade (DPIIT) on social media platform X, marking a significant drop in inflation based on the Wholesale Price Index (WPI).
The Indian Railways reportedly cancelled its Rs 30,000-crore tender for the manufacturing and maintenance of Vande Bharat Express - a semi-high-speed train service. According to the media reports, the railways authorities annulled a tender for 100 aluminium-body Vande Bharat trains to Alstom India.
New Delhi: There was news recently that government banks collectively charged approximately Rs 8,495 crore from their customers for not maintaining the minimum balance. This news made a lot of headlines. Let us tell you that the country's largest bank, State Bank (SBI), has not been charging any fee for not maintaining the minimum balance for the last few years. However, several other government banks continue to levy such charges. Among them, Punjab National Bank (PNB) collected the highest penalty, amounting to Rs 1,538 crore over the last five years. Here's a breakdown of the charges imposed by various banks for not maintaining the minimum balance.
Income Tax Refund: The deadline to file income tax returns is over and the taxpayers are now waiting for their refund after filing their ITR. The due date for filing Income Tax Returns was on July 31, 2024 and the taxpayers who have successfully filed their ITRs by the deadline can expect the refund to be deposited into their bank accounts shortly.
India's net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. This significant increase is said to be the reflection of robust economic activity and improved tax compliance. The overall tax collection includes Rs 4.47 lakh crore from personal income tax, showcasing the strong contribution of individual taxpayers to the exchequer. Meanwhile, the corporate tax collection also showed a healthy performance, contributing Rs 2.22 lakh crore to the total.
Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. Notably, HDFC Bank shares saw a 2% decline. The broader markets, however, showed resilience with gains in the MidCap and SmallCap indices. Additionally, several stocks are set for inclusion in the MSCI India Index following the August review.
Here comes a piece of good news for the metro commuters. The Indian Railway and National Capital Region Transport Corporation (NCRTC) joined hands to promote the 'One India - One Ticket' initiative to enhance the travel experience for passengers on main line railway and Namo Bharat trains. The Indian Railways in a statement said the collaboration will provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services.
Bangladesh's inflation in July touched a 12-year high at 11.66 per cent as the country undergoes massive political turmoil due to violent student protests over a controversial job quota system, according to the nation's bureau of statistics. The inflation was 9.72 per cent in June, The Dhaka Tribune newspaper reported.
PM Kisan Samman Nidhi Yojana: After the recent release of the 17th installment, now the beneficiary farmers are waiting for the next installment of PM Kisan Sammn Nidhi Yojana. Various media reports claimed that the 18th installment of the PM-Kisan scheme is likely to be released in November 2024.
Indian equity benchmark indices opened on a positive note on Wednesday, tracking the strength from global markets. The BSE Sensex climbed 50 points to 79,000, while the NSE Nifty 50 reached a high of 24,196, hovering around 24,150 levels. Among the Sensex 30 stocks, Tata Motors emerged as the top gainer, rising over 1%. Other notable gainers included SBI, Sun Pharma, Tech Mahindra, and Larsen & Toubro. Conversely, Adani Ports, UltraTech Cement, ICICI Bank, and Axis Bank were among the notable losers.

India's wholesale inflation drops to 2.04 per cent in July

Wednesday 14 August 2024 06:52 AM UTC+00
India's wholesale inflation declined to 2.04% in July, down from 3.36% in June, according to government data released on Wednesday. The data was shared by the Department for Promotion of Industry and Internal Trade (DPIIT) on social media platform X, marking a significant drop in inflation based on the Wholesale Price Index (WPI).
The Indian Railways reportedly cancelled its Rs 30,000-crore tender for the manufacturing and maintenance of Vande Bharat Express - a semi-high-speed train service. According to the media reports, the railways authorities annulled a tender for 100 aluminium-body Vande Bharat trains to Alstom India.
New Delhi: There was news recently that government banks collectively charged approximately Rs 8,495 crore from their customers for not maintaining the minimum balance. This news made a lot of headlines. Let us tell you that the country's largest bank, State Bank (SBI), has not been charging any fee for not maintaining the minimum balance for the last few years. However, several other government banks continue to levy such charges. Among them, Punjab National Bank (PNB) collected the highest penalty, amounting to Rs 1,538 crore over the last five years. Here's a breakdown of the charges imposed by various banks for not maintaining the minimum balance.
India's net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. This significant increase is said to be the reflection of robust economic activity and improved tax compliance. The overall tax collection includes Rs 4.47 lakh crore from personal income tax, showcasing the strong contribution of individual taxpayers to the exchequer. Meanwhile, the corporate tax collection also showed a healthy performance, contributing Rs 2.22 lakh crore to the total.
Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. Notably, HDFC Bank shares saw a 2% decline. The broader markets, however, showed resilience with gains in the MidCap and SmallCap indices. Additionally, several stocks are set for inclusion in the MSCI India Index following the August review.
Here comes a piece of good news for the metro commuters. The Indian Railway and National Capital Region Transport Corporation (NCRTC) joined hands to promote the 'One India - One Ticket' initiative to enhance the travel experience for passengers on main line railway and Namo Bharat trains. The Indian Railways in a statement said the collaboration will provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services.
Bangladesh's inflation in July touched a 12-year high at 11.66 per cent as the country undergoes massive political turmoil due to violent student protests over a controversial job quota system, according to the nation's bureau of statistics. The inflation was 9.72 per cent in June, The Dhaka Tribune newspaper reported.
PM Kisan Samman Nidhi Yojana: After the recent release of the 17th installment, now the beneficiary farmers are waiting for the next installment of PM Kisan Sammn Nidhi Yojana. Various media reports claimed that the 18th installment of the PM-Kisan scheme is likely to be released in November 2024.
Indian equity benchmark indices opened on a positive note on Wednesday, tracking the strength from global markets. The BSE Sensex climbed 50 points to 79,000, while the NSE Nifty 50 reached a high of 24,196, hovering around 24,150 levels. Among the Sensex 30 stocks, Tata Motors emerged as the top gainer, rising over 1%. Other notable gainers included SBI, Sun Pharma, Tech Mahindra, and Larsen & Toubro. Conversely, Adani Ports, UltraTech Cement, ICICI Bank, and Axis Bank were among the notable losers.

India's wholesale inflation drops to 2.04 per cent in July

Wednesday 14 August 2024 06:52 AM UTC+00
India's wholesale inflation declined to 2.04% in July, down from 3.36% in June, according to government data released on Wednesday. The data was shared by the Department for Promotion of Industry and Internal Trade (DPIIT) on social media platform X, marking a significant drop in inflation based on the Wholesale Price Index (WPI).
The Indian Railways reportedly cancelled its Rs 30,000-crore tender for the manufacturing and maintenance of Vande Bharat Express - a semi-high-speed train service. According to the media reports, the railways authorities annulled a tender for 100 aluminium-body Vande Bharat trains to Alstom India.
New Delhi: There was news recently that government banks collectively charged approximately Rs 8,495 crore from their customers for not maintaining the minimum balance. This news made a lot of headlines. Let us tell you that the country's largest bank, State Bank (SBI), has not been charging any fee for not maintaining the minimum balance for the last few years. However, several other government banks continue to levy such charges. Among them, Punjab National Bank (PNB) collected the highest penalty, amounting to Rs 1,538 crore over the last five years. Here's a breakdown of the charges imposed by various banks for not maintaining the minimum balance.
Taxpayers who have filed their Income Tax Returns (ITR) and are awaiting refunds need not worry about delays. The Income Tax Department is currently processing returns, and refunds will be issued based on the type of ITR form filed. Here's a breakdown of when you can expect your refund based on the form you submitted.
Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. Notably, HDFC Bank shares saw a 2% decline. The broader markets, however, showed resilience with gains in the MidCap and SmallCap indices. Additionally, several stocks are set for inclusion in the MSCI India Index following the August review.
Here comes a piece of good news for the metro commuters. The Indian Railway and National Capital Region Transport Corporation (NCRTC) joined hands to promote the 'One India - One Ticket' initiative to enhance the travel experience for passengers on main line railway and Namo Bharat trains. The Indian Railways in a statement said the collaboration will provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services.
Bangladesh's inflation in July touched a 12-year high at 11.66 per cent as the country undergoes massive political turmoil due to violent student protests over a controversial job quota system, according to the nation's bureau of statistics. The inflation was 9.72 per cent in June, The Dhaka Tribune newspaper reported.
PM Kisan Samman Nidhi Yojana: After the recent release of the 17th installment, now the beneficiary farmers are waiting for the next installment of PM Kisan Sammn Nidhi Yojana. Various media reports claimed that the 18th installment of the PM-Kisan scheme is likely to be released in November 2024.
Indian equity benchmark indices opened on a positive note on Wednesday, tracking the strength from global markets. The BSE Sensex climbed 50 points to 79,000, while the NSE Nifty 50 reached a high of 24,196, hovering around 24,150 levels. Among the Sensex 30 stocks, Tata Motors emerged as the top gainer, rising over 1%. Other notable gainers included SBI, Sun Pharma, Tech Mahindra, and Larsen & Toubro. Conversely, Adani Ports, UltraTech Cement, ICICI Bank, and Axis Bank were among the notable losers.

India's wholesale inflation drops to 2.04 per cent in July

Wednesday 14 August 2024 06:52 AM UTC+00
India's wholesale inflation declined to 2.04% in July, down from 3.36% in June, according to government data released on Wednesday. The data was shared by the Department for Promotion of Industry and Internal Trade (DPIIT) on social media platform X, marking a significant drop in inflation based on the Wholesale Price Index (WPI).
The Indian Railways reportedly cancelled its Rs 30,000-crore tender for the manufacturing and maintenance of Vande Bharat Express - a semi-high-speed train service. According to the media reports, the railways authorities annulled a tender for 100 aluminium-body Vande Bharat trains to Alstom India.
New Delhi: There was news recently that government banks collectively charged approximately Rs 8,495 crore from their customers for not maintaining the minimum balance. This news made a lot of headlines. Let us tell you that the country's largest bank, State Bank (SBI), has not been charging any fee for not maintaining the minimum balance for the last few years. However, several other government banks continue to levy such charges. Among them, Punjab National Bank (PNB) collected the highest penalty, amounting to Rs 1,538 crore over the last five years. Here's a breakdown of the charges imposed by various banks for not maintaining the minimum balance.
Taxpayers who have filed their Income Tax Returns (ITR) and are awaiting refunds need not worry about delays. The Income Tax Department is currently processing returns, and refunds will be issued based on the type of ITR form filed. Here's a breakdown of when you can expect your refund based on the form you submitted.
The State Bank of India (SBI), the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. This marks the third consecutive month that the bank has raised its rates, indicating a trend of tightening credit conditions. The rate hike will impact the Marginal Cost of Funds Based Lending Rate (MCLR), which is the benchmark used by the bank to set interest rates on various types of loans, including home, auto, and personal loans. The MCLR is a critical reference point for borrowers as it directly affects the cost of borrowing.
Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. Notably, HDFC Bank shares saw a 2% decline. The broader markets, however, showed resilience with gains in the MidCap and SmallCap indices. Additionally, several stocks are set for inclusion in the MSCI India Index following the August review.
Here comes a piece of good news for the metro commuters. The Indian Railway and National Capital Region Transport Corporation (NCRTC) joined hands to promote the 'One India - One Ticket' initiative to enhance the travel experience for passengers on main line railway and Namo Bharat trains. The Indian Railways in a statement said the collaboration will provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services.
Bangladesh's inflation in July touched a 12-year high at 11.66 per cent as the country undergoes massive political turmoil due to violent student protests over a controversial job quota system, according to the nation's bureau of statistics. The inflation was 9.72 per cent in June, The Dhaka Tribune newspaper reported.
PM Kisan Samman Nidhi Yojana: After the recent release of the 17th installment, now the beneficiary farmers are waiting for the next installment of PM Kisan Sammn Nidhi Yojana. Various media reports claimed that the 18th installment of the PM-Kisan scheme is likely to be released in November 2024.
Indian equity benchmark indices opened on a positive note on Wednesday, tracking the strength from global markets. The BSE Sensex climbed 50 points to 79,000, while the NSE Nifty 50 reached a high of 24,196, hovering around 24,150 levels. Among the Sensex 30 stocks, Tata Motors emerged as the top gainer, rising over 1%. Other notable gainers included SBI, Sun Pharma, Tech Mahindra, and Larsen & Toubro. Conversely, Adani Ports, UltraTech Cement, ICICI Bank, and Axis Bank were among the notable losers.

India's wholesale inflation drops to 2.04 per cent in July

Wednesday 14 August 2024 06:52 AM UTC+00
India's wholesale inflation declined to 2.04% in July, down from 3.36% in June, according to government data released on Wednesday. The data was shared by the Department for Promotion of Industry and Internal Trade (DPIIT) on social media platform X, marking a significant drop in inflation based on the Wholesale Price Index (WPI).
The Indian Railways reportedly cancelled its Rs 30,000-crore tender for the manufacturing and maintenance of Vande Bharat Express - a semi-high-speed train service. According to the media reports, the railways authorities annulled a tender for 100 aluminium-body Vande Bharat trains to Alstom India.
New Delhi: There was news recently that government banks collectively charged approximately Rs 8,495 crore from their customers for not maintaining the minimum balance. This news made a lot of headlines. Let us tell you that the country's largest bank, State Bank (SBI), has not been charging any fee for not maintaining the minimum balance for the last few years. However, several other government banks continue to levy such charges. Among them, Punjab National Bank (PNB) collected the highest penalty, amounting to Rs 1,538 crore over the last five years. Here's a breakdown of the charges imposed by various banks for not maintaining the minimum balance.
Taxpayers who have filed their Income Tax Returns (ITR) and are awaiting refunds need not worry about delays. The Income Tax Department is currently processing returns, and refunds will be issued based on the type of ITR form filed. Here's a breakdown of when you can expect your refund based on the form you submitted.
The State Bank of India (SBI), the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. This marks the third consecutive month that the bank has raised its rates, indicating a trend of tightening credit conditions. The rate hike will impact the Marginal Cost of Funds Based Lending Rate (MCLR), which is the benchmark used by the bank to set interest rates on various types of loans, including home, auto, and personal loans. The MCLR is a critical reference point for borrowers as it directly affects the cost of borrowing.
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