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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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Caught in a handshake
DNMUM424659 | 10/23/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :671

As start-ups race ahead to acquire emerging competitors, a clutch of high-profile, big branded start-ups are debating mergers with their equally competent rivals.Speculation about an Ola-Uber merger in India has been gathering storm since a

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Why ship repair yards lag global peers
DNMUM424668 | 10/23/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :883

Mumbai: Drydocking facilities for ship repairs in India are far from adequate as compared to shipbuilding capacities. Hence, the country’s ship repair industry is no match for the global competition.As per a research paper - A Comparative St

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ZEE secures tech patent from US
DNMUM424672 | 10/23/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :123

Mumbai: Global media and entertainment firm ZEE Entertainment Enterprises Ltd (ZEE) has secured a patent from the United States (US) for a technology platform developed by its unit ZEE Media Lab in the Silicon Valley.
Built on robust and state-o
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Nokia bets on 4G feature phones
DNMUM424673 | 10/23/2018 12:00:00 AM | Author : Mansi Taneja | WC :652

New Delhi: The latest entrant in the fast-growing 4G feature phone market, Nokia, is betting big on the category that has created enough buzz in the last year since the new telecom player Reliance Jio launched its 4G feature phone at dirt ch

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