The court stated that CBDT can take a lenient approach in terms of consequences of late filing of tax audit reports; \"We leave it to the better discretion of the CBDT,\" it said

The funding of the deficit is primarily going to be via market borrowing, National Small Savings Funds (NSSF), short term borrowings and drawdown of cash balances

All eyes are on the budget as the government walks a tightrope of balancing growth and fiscal concerns. Effective implementation of the proposed budget will be key

The amount under litigation includes Rs 4.05 lakh crore in corporation tax, Rs 3.97 lakh crore stuck in income tax cases and another Rs 1.54 lakh crore on account of commodities and services tax, the note said

In a stock exchange filing, the company said its board will meet on January 15 to consider share buyback as also payment of interim dividend for the fiscal year ending March 2021

According to a note issued by Niti Aayog after the meeting, all the attendants agreed that high frequency indicators are showing signs of a strong economic recovery, and that too earlier than expected

Govt aims to vaccinate 30 crore priority individuals by August 2021 and 50 crore private individuals by 2022-end. SBI think tank says India will require around Rs 56,000-72,000 crore to administer vaccines to 80 crore people

Experts expect that further rally in the market may need the economy to regain its mojo for which the Union Budget will prove to be a ideal platform

Equity markets are entering the New Year with hope. Here's what lies ahead

How the FM can make it a 'never before' Budget. Top experts weigh in

Every year the Ministry of Finance organises the 'Halwa ceremony' which marks the process of printing documents of the Budget. The Indian dessert is prepared in a big kadhai and served to the entire staff involved in budget preparation

Moderation in monetary policy and rising yields scenario is expected in 2HCY21, which will lead to mean reversion of valuations towards 10/15-year averages

The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year

The world's wealthiest nations have only increased aid to developing countries by $5.8 billion

As per Barclay's estimates, a $10/barrel change (increase) in global crude oil prices will imply a Rs 5.8/litre rise in retail fuel prices which would add 34 basis point to headline inflation over three-six months, assuming no change to petroleum taxes

India Stock Market Highlights Today: HDFC twins, Reliance Industries were among the top losers and Tata Steel, Titan and Asian Paints were among the top gainers

Traders said market participants awaited Q2 GDP data to be released later in the day

India Stock Market Highlights Today: ICICI Bank, Airtel, Infosys, M&M were among the top losers today. On the other hand, Kotak Bank, NTPC, Maruti were among the top gainers

The world's sixth-biggest economy is now set to shrink by 11.3% in 2020 - the most since \"The Great Frost\" of 1709 - before recovering by less than half of that in 2021, Sunak told parliament as he announced a one-year spending plan

Fitch sees the country's GDP to remain below 2019 levels even in 2022 as the debt burden increases pressure on public finances in Africa's most industrialised economy