BUSINESS
Direct Tax collections for FY 2022-23 at Rs 16.68 lakh cr
Direct Tax collection, net of refunds, stands at Rs 13.73 lakh crore which is 16.78 per cent higher than the net collections for the corresponding period of last year. As per the Central Board of Direct Taxes, Department of Revenue, this collection is 96.67 per cent of the total Budget Estimates and 83.19 per cent of the Total Revised Estimates of Direct Taxes for FY 2022-23.
36% of senior positions in India's mid-market held by women: Report
With 36 per cent of women in leadership roles, India is ahead of the BRICS (34 per cent) and G7 (30 per cent) averages. Sadly, 5 per cent of mid-market businesses in India still don't have any women in senior leadership roles," according to Grant Thornton's International Business Report. Globally, 32 per cent of senior management positions are now held by women.
National Pension Scheme subscribers rise 23% to 6.24 cr Y-o-Y
According to data released by the Pension Fund Regulatory and Development Authority (PFRDA) on Friday, in NPS, the highest growth was seen in the All Citizen Model, where the subscriber base rose by a huge 32 per cent to 28.40 lakh from 23 lakh during the year-ago period. The Corporate Scheme too witnessed a jump of 20 per cent, as the subscriber base rose.
OYO founder Ritesh Agarwal's father falls to death from Gurugram high-rise
According to the police, at around 1 p.m. they received information from the DLF security that a person has fallen from the 20th floor of Tower of The Crest Society in Sector 54, who has been taken to the Paras Hospital. Virender Vij, DCP (East), said in a statement that Agarwal was declared brought dead at the hospital, adding that the body has been handed over to the family after conducting a post-mortem.
'Shark Tank India 2': Parul Gulati grabs judges' attention with hair extension brand
During the finale episode of 'Shark tank India 2', Parul shared her hair extension brand and said that it caters to the diverse needs of women who suffer from hair problems, such as hair loss, damaged hair, hair thinning, and restricted growth, or who love to experiment with their hairstyles. She asked for an investment of Rs 1 crore for 2 per cent equity in 'Nish Hair' from the sharks.
Positive momentum effect supports rise of industrial output to 5.2% in Jan
For the April-January period of 2022-23, IIP growth was 5.4 per cent, down from 13.7 per cent recorded during the corresponding period of last year. The manufacturing output rose by 3.7 per cent in January 2023, up from 3.1 per cent in December 2022; electricity production was also higher by 12.7 per cent in January 2023 compared to an increase of 10.4 per cent in December 2022.
Centre makes it compulsory for banks to record transactions of politically exposed persons
The amended money laundering rules define PEPs as "individuals who have been entrusted with prominent public functions by a foreign country, including the heads of States or Governments, senior politicians, senior government or judicial or military officers, senior executives of state-owned corporations and important political party officials".
Centre clears disinvestment of 25% equity stake in Bharat Coking Coal Ltd
Highly placed sources told IANS that a three-member empowered ministerial committee led by Finance Minister Nirmala Sitharaman and comprising Coal Minister Pralhad Joshi and Road Transport & Highways Minister Nitin Gadkari has cleared the proposal for divesting 25 per cent of BCCL's equity.
Government releases Rs 1,40,318 cr monthly instalment tax devolution to states
The monthly instalment for March is much more than the normal monthly devolution of Rs 70,159 crore made for states. This is in line with the commitment of the Central government to strengthen the hands of states to accelerate their capital and developmental expenditure, an official statement said.
Tata-Lockheed Martin JV to make fighter plane wings in India
According to Lockheed Martin, the Memorandum of Understanding (MOU) envisions production of 29 fighter wing shipsets, with an option of additional shipsets, with deliveries commencing in 2025. Lockheed Martin formally recognised TLMAL as a potential co-producer of fighter wings in October 2021 after the latter's successful production and qualification of a prototype fighter wing shipset.
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