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MUMBAI: The foreign exchange market on Friday threw up a set of developments that appear contradictory: the rupee fell to a new low, RBI took measures to ease borrowing conditions, and foreign exchange reserves jumped past $700 billion even though the central bank was selling dollars to support the currency.The rupee slipped close to the…
Net direct tax collection grew about 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11 due to slower refunds and better corporate tax mop-up.Data released by the Income Tax Department on Monday showed that net corporate tax collection grew 12.4 per cent to over Rs 8.63 lakh crore,…
NEW DELHI: GST collections rose 6.1% to Rs 1,74,550 crore, driven by a surge in levies on imports. The numbers, that do not include compensation cess, which has been withdrawn for all goods barring tobacco and pan masala, provide confidence to govt that the mop up (for sales in Nov) has increased despite an overhaul…
A record discharge of over 3 lakh cusecs from Jayakwadi Dam displaced more than 9,800 residents in Jalna and downstream areas as the Godavari River swelled CHHATRAPATI SAMBHAJINAGAR: The ongoing release of water from the Jayakwadi major irrigation project in Chhatrapati Sambhajinagar district reached a record discharge of over 3 lakh cusecs by Sunday night,…
NEW DELHI: Heavy rainfall in Uttarakhand’s Dehradun on Tuesday caused the Tamsa river to overflow, inundating the historic Tapkeshwar Mahadev temple, while local authorities conducted relief operations and monitored the situation closely.Temple priest Acharya Bipin Joshi said, “The river started flowing heavily since 5 AM, the entire temple premises were submerged… This kind of situation…
