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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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Sensex sheds 311 points, Nifty below 10700-mark
DNMUM432196 | 2/19/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :191

Mumbai: Sensex and Nifty continued to fall on Monday as investor’s remained nervous on foreign fund outflows and geopolitical concerns.
The 30-share Sensex slipped 310.51 points, or 0.87%, ending at 35498.44 while the broader Nifty settled at 106
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Use a step-up SIP to match your income
DNMUM432197 | 2/19/2019 12:00:00 AM | Author : Sandeep Bhardwaj | WC :801

Over the last three years the average Systematic Investment Plan (SIP) collection per month has almost doubled. During the year 2017-2018, SIP contribution accounted for around Rs 67,000 crore and the total number of active SIPs accounts sto

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Daimler India drives in first profit in 4 years on volume push
DNMUM432198 | 2/19/2019 12:00:00 AM | Author : Shahkar Abidi | WC :238

Mumbai: Four years after calling itself financially ‘sick’, Daimler India Commercial Vehicles (DICV), reported its first profit during the year 2018. Though the company did not disclose its profit figures, its sales volume grew by 35% in 201

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‘We will be considering Arcelor’s Essar offer’
DNMUM432199 | 2/19/2019 12:00:00 AM | Author : Sanjay Jog | WC :596

Power Finance Corporation (PFC) hopes to start a new inning in the power sector after the acquisition of Rural Electrification Corporation. In an interview with DNA Money, PFC CMD Rajeev Sharma told Sanjay Jog that the PFC-REC deal will create
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