Gold price surges after fresh buy from jewellery traders

Gold prices rose firmly in the bullion market on Monday on emergence of fresh buying from jewellery traders and retailers as well as increased investment off-take.

Industrial metals, silver also rallied owing to heavy industrial demand.

Standard gold (99.5 purity) firmed up by Rs 155 to end at Rs 28,185 per 10 grams compared with

MF industry bats for no retrospective taxation of debt funds

The mutual fund industry is hopeful that government will not retrospectively tax debt fund investors who redeemed their holding between April 1, 2014, and the Budget announcement imposing a 20 per cent tax on long-term capital gains on debt funds.

"The feelers we are getting from the government gives us hope that concerns of fixed maturity plan (FMP) investors (regarding retrospective taxation), who redeemed in

Ours is not a high-tax govt, says Arun Jaitley

Union finance minister Arun Jaitley announced some concessions for the mutual fund ( MF) industry and income taxpayers on Friday while pledging that the government would stick to a lowtax regime to promote industrial growth and create more jobs.

In order to provide some relief to taxpayers who are late in filing returns and end up paying hefty penalties calculated on a daily basis, Jaitley said that Central Board of Direct Taxes ( CBDT) will be empowered to exercise discretion.

Gold hits two-week high on strong global cues

Gold prices on Friday rose by Rs 480 to hit a two-week high of Rs 28,680 per ten gram in the national capital, recording its second biggest single-day rise this year, tracking a firming global trend.

Besides, rising demand from jewellers and stockists also supported the upside, traders said.

Silver also spurted by Rs 800 to Rs 46,000 per kg on increased offtake by industrial units and coin makers.

Union Budget 2014 Live: Rs 500 crore assigned for solar power projects.

It is all sunny and bright for the solar power producers! No literally speaking, the Finance Minister Arun Jaitley made the day of all the people related to the solar sector as he announced the allocation of budget of Rs 500
crore for the renewable sector. He said, “We will allocate Rs 500 crore for solar power projects.”

Understanding the importance of contribution made by the solar power generation in the overall power generation and consumption, Arun Jaitley allocated this budget to give the much required boost sought by

Gold price predictions

Gold price predictions and market forecasts

Gold prices have witnessed a steep decline of around 9 to 10% in the last few weeks. The decline was mainly triggered by the speculations that Cyprus Central Banks may sell some of its extra gold reserves to alleviate its debt concerns as well as Fed’s withdrawal from bond buying.

The final nail in the coffin came from the bearish call of major investment bankers and gold analysts. Here’s a look into the major forecast on gold prices.

Budget 2014: Modinomics Gives Big Boost to Defence Services

In its first budget, the new government of Prime Minister Narendra Modi has promised a new era of fiscal prudence and greater opportunities for foreign investors in key sectors of the economy, including defense. (Budget 2014: Highlights)

Finance Minister Arun Jaitley announced an increase in the permitted level of foreign direct investment in the defence sector to 49 percent from 26 percent. (Finance Minister Sparks Confusion on Fiscal Deficit Target)

To ensure that the military, which has repeatedly warned  of outdated and inadequate equipment

Union Budget 2014

Union Budget 2014: Arun Jaitley announces new schemes for disabled

Finance Minister Arun Jaitley on Thursday announced schemes for disabled people and said 15 new Brail presses will be set up.
"Fifteen new Brail presses will be established and 10 existing ones will be revived," he said while presenting the budget for 2014-15.

Read more at: http://indiatoday.intoday.in/story/union-budget-2014-live-arun-jaiyley-announces-schemes-for-disabled-budget-2014-15-modi/1/370620.html