Author: NNI Editor
Lok Sabha sent the Bill to the committee on the request of Finance Minister Nirmala Sitharaman after she introduced it in the House in the first half of Parliament’s Budget Session | Photo Credit: ANI The Finance Ministry on Monday (February 24, 2025) briefed the members of a Select Committee of Lok Sabha on various aspects of the Income Tax Bill as the panel headed by BJP MP Baijayant ‘Jay’ Panda held its first meeting. Sources said the finance secretary told the parliamentarians that the Bill will simplify the existing Act, enacted over six decades back, and make it more…
Representational file image. | Photo Credit: AP Gold prices rose ₹350 to trade near a record high at ₹89,100 per 10 grams in the national capital on Monday amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.9% purity had closed at ₹88,750 per 10 grams on Friday. Gold of 99.5% purity increased ₹350 to ₹88,700 per 10 grams from the previous close of ₹88,350 per 10 grams. “Gold traded with a modest gain on Monday as geopolitical and trade tensions continued to provide a safe haven demand to hedge against uncertainty,” Saumil Gandhi,…
Photo used for representation purpose only. | Photo Credit: The Hindu Retail inflation for farm and rural workers eased slightly to 4.61% and 4.73%, respectively, in January from 5.01% and 5.05% in December 2024, showed the government data released on Monday (February 24, 2025). The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) decreased by 4 points and 3 points, respectively, for the month of January 2025, reaching 1,316 and 1,328 points, the Labour Ministry said in a statement. According to the statement, the CPI-AL and CPI-RL stood at 1,320 points and 1,331 points, respectively in…
A vendor walks past by a poster of bear and bull in south Mumbai. File | Photo Credit: The HIndu Falling for the fifth day in a row on Monday (February 24, 2025), equity benchmark BSE Sensex tumbled over 1 per cent to drop below the crucial 75,000 level, tracking a US market trend and unabated foreign fund outflows amid concerns over U.S. tariffs. The 30-share BSE benchmark tanked 856.65 points or 1.14% to settle at 74,454.41. During the day, it plummeted 923.62 points or 1.22% to 74,387.44.The NSE Nifty dropped 242.55 points or 1.06% to 22,553.35.In the last five…
Prime Minister Narendra Modi addresses the Global Investors Summit 2025, in Bhopal, Madhya Pradesh on February 24, 2025. Photo: PMO via PTI Prime Minister Narendra Modi on Monday (February 24, 2025) said with a strong talent pool and thriving industries, Madhya Pradesh is becoming a preferred business destination and that this is the time, and right time, to invest in the State.He was speaking after inaugurating the mega ‘Invest Madhya Pradesh – Global Investors Summit-2025’ at the Indira Gandhi Rashtriya Manav Sangrahalaya, located near the picturesque Upper Lake in Bhopal, to showcase the State’s infinite possibilities for investors and industrialists.PM…
Commerce and Industry Minister Piyush Goyal (R) with U.K. Secretary of State for Business and Trade Jonathan Reynolds on February 24, 2025. Photo: X/@PiyushGoyal India and the U.K. on Monday (February 24, 2025) discussed to advance the India-U.K. free trade agreement (FTA) negotiations while ensuring that the pact is balanced, ambitious and mutually beneficial. In a post on X, Commerce and Industry Minister Piyush Goyal said both countries reaffirmed their commitment to strengthening trade and investment ties. Also read | India, U.K. reaffirm FTA commitment at Strategic Dialogue He held a meeting with U.K. Secretary of State for Business and…
Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia’s biggest economy.The recently inaugurated leader has pledged to take the archipelago’s annual growth from five to eight percent, ordering billions of dollars worth of cuts across government that last week sparked the first protests of his rule.Mr. Prabowo signed a document at the presidential palace in Jakarta initiating the new fund known as Daya Anagata Nusantara, or Danantara, which is modelled on Singapore’s investment arm Temasek and received…
Investors in Japan’s government bond market are getting a glimpse of life without heavy intervention by the Bank of Japan, which is showing little sign of reverting to a hands-on approach despite the recent steady rise in long-term interest rates.BOJ Governor Kazuo Ueda issued a mild warning on Friday that it could increase bond buying if “abnormal” market moves trigger a sharp rise in yields, but he was reiterating the bank’s pledge made when it began tapering bond purchases in July last year.Mr. Ueda said the BOJ was unwavering in its stance to allow market forces to determine long-term interest…
Space is about to get more crowded for Elon Musk.The billionaire’s Starlink communications network is facing increasingly stiff challenges to its dominance of high-speed satellite internet, including from a Chinese state-backed rival and another service financed by Amazon.com founder Jeff Bezos.Shanghai-based SpaceSail in November signed an agreement to enter Brazil and announced it was in talks with over 30 countries. Two months later, it began work in Kazakhstan, according to the Kazakh embassy in Beijing.Separately, Brasília is in talks with Mr. Bezos’s Project Kuiper internet service and Canada’s Telesat, according to a Brazilian official involved in the negotiations, who spoke…
Cafe Coffee Day outlet. | Photo Credit: Reuters The insolvency process against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, has resumed as appellate tribunal NCLAT could not pass the order within the specified deadline of February 21, set by the Supreme Court.Last week, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) completed the hearing and reserved its order over the appeal filed by the director of its suspended board, CDEL informed through a regulatory filing.”Since the appeal has not been disposed of until February 21, 2025, as per the instruction of the…