NEW DELHI, APRIL 21, 2024 (TBB BUREAU): India’s net direct tax collections for the fiscal year ended March 31, 2024 witnessed a substantial surge, recording a remarkable 17.7 per cent increase to reach Rs 19.58 lakh crore, announced the tax department on Sunday. The net collections of income and corporate taxes, which constitute the majority of direct taxes, surpassed both ...

NEW DELHI, APRIL 20, 2024 (TBB BUREAU): According to provisional payroll data released by the Employees’ Provident Fund Organisation (EPFO) on April 20, 2024, the organisation has witnessed a substantial increase of 15.48 lakh net members in the month of February 2024. The data further highlights that approximately 7.78 lakh new members were enrolled during February 2024. Notably, a significant ...

NEW DELHI, APRIL 19, 2024 (TBB BUREAU): In anticipation of heightened travel demand during the summer months, Indian Railways is gearing up to operate a record-breaking 9111 trips, showcasing its commitment to meeting passenger needs effectively. This substantial increase from the 6369 trips offered during the summer of 2023 demonstrates Indian Railways’ dedication to ensuring passenger convenience and seamless travel ...

NEW DELHI, APRIL 18, 2024 (TBB BUREAU):  In a resounding achievement for India’s defence capabilities, the Defence Research and Development Organisation (DRDO) has conducted a highly successful flight-test of the Indigenous Technology Cruise Missile (ITCM) from the Integrated Test Range (ITR), Chandipur, off the coast of Odisha. During the meticulously orchestrated test, all subsystems of the missile performed impeccably, meeting ...

NEW DELHI, APRIL 15, 2024 (TBB BUREAU): Wholesale inflation in the country surged to a three-month high of 0.53 per cent in March, up from 0.20% in the previous month, driven by increases in vegetable, potato, onion, and crude oil prices. The Wholesale Price Index (WPI)-based inflation had been in negative territory from April to October before turning positive in ...

NEW DELHI, APRIL 14, 2024 (TBB BUREAU):  In a significant stride towards bolstering India’s defense capabilities, the Defence Research & Development Organisation (DRDO) has achieved a milestone with the successful field evaluation of the Man Portable Anti-tank Guided Missile (MPATGM) Weapon System. Designed and developed indigenously, the MPATGM system underwent rigorous testing in various flight configurations, demonstrating its technological prowess ...

JAIPUR, APRIL 12, 2024 (TBB BUREAU): The Gem Jewellery Export Promotion Council (GJEPC) is hosting the third edition of the International Gem & Jewellery Show (IGJS) in Jaipur from April 12-14, drawing the participation of 250 buyers from 27 countries. Buyers from diverse nations including Algeria, Argentina, Australia, Brazil, Canada, Egypt, Greece, Iran, Italy, Jordan, Kazakhstan, Kenya, Lebanon, Mexico, Russia, ...

NEW DELHI, APRIL 12, 2024 (TBB BUREAU): India’s industrial output witnessed a notable acceleration in February, recording a growth rate of 5.7%, as per data released by the Ministry of Statistics on Friday. This upturn comes after a slight slowdown to 3.8 per cent in January. The manufacturing sector, a significant source of employment for young engineers and graduates, spearheaded ...

MUMBAI, APRIL 09, 2024 (TBB BUREAU): On Tuesday, benchmark equity indices soared to unprecedented heights, with the Sensex crossing the historic 75,000-mark for the first time intraday. However, the session ended with a slight downturn due to profit-booking at higher levels. The 30-share BSE Sensex experienced a marginal decline of 58.80 points, settling at 74,683.70 after reaching a record peak ...

New Delhi, April 1, 2024 (TBB Bureau): The Finance Ministry on Monday said that GST collections for March soared to Rs 1.78 lakh crore, marking an impressive 11.5 percent growth driven by robust domestic transactions. For the fiscal year spanning from April 2023 to March 2024 (FY24), gross GST collection reached a commendable Rs 20.18 lakh crore, reflecting a notable ...