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FM says number of taxpayers likely to double in NDA regime

DNMUM423947 | 10/12/2018 | Author : DNA Money Correspondent | WC :342

New Delhi: The number of direct tax filers is likely to double to 7.6 crore during five years of the Modi government, finance minister Arun Jaitley said on Thursday.
Addressing the 29th Conference of Accountants General, Jaitley said that anti-black money measures, formalisation of economy and use of technology to monitor financial transactions have helped the government increase the revenues.
There has been a gradual 15-20% increase in direct tax collections every year, he added.
“The total number of people who filed direct tax returns was around 3.8 crore when we assumed office four years ago. It has already increased to over 6.8 crore last year and at the end of the fifth year, we hope it will be around 7.5-7.6 crore. This m
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St ends weak on US-Iran tensions
DNMUM438216 | 6/25/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :147

Mumbai: Domestic share indices retreated for the second straight session on Monday, after investors trimmed their exposure to oil & gas stocks in view of the ongoing tensions between the US and Iran.
In a volatile session, the BSE Sensex settled
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Tata Steel, Maruti Suzuki, DHFL, YES Bank to be in limelight today
DNMUM438217 | 6/25/2019 12:00:00 AM | Author : Vinod Nair, head of research, Geojit Financial Services | WC :117

Bull market or bear market today?
Lack of major triggers, expiry and weak global cues is likely to put pressure on markets.

Stocks likely to be in limelight today?
Tata Steel, Maruti, YES Bank, DHFL

Sectors likely to impact
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‘Start funding to HFCs, NBFCs’
DNMUM438218 | 6/25/2019 12:00:00 AM | Author : Swati Khandelwal | WC :475

The government must increase affordability and incentivise people to buy homes, says Yashpal Gupta, MD & CEO, Repco Home Finance. Gupta during an interview with Swati Khandelwal said the government should come out with some credit enhancement pr
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Realty cos seek infra status for housing
DNMUM438219 | 6/25/2019 12:00:00 AM | Author : Ateeq Shaikh | WC :575

Mumbai: In the backdrop of the ongoing liquidity crunch, the real estate industry, like any other sector, wants the government to take some measures to spur investments.
The housing industry is looking forward to the timely transmission of intere
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