Business

The government plans to introduce the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the second half of the Budget session beginning March 9, Finance Minister Nirmala Sitharaman said, adding that the parliamentary committee examining the proposed law has already submitted its report.The proposed changes are aimed at further improving timelines and effectiveness of insolvency…

Finance minister Nirmala Sitharaman unveiled the Union Budget 2026 on February 1, setting out a clear roadmap for individual taxpayers. While personal income tax rates and the broader structure of taxation stays untouched, the Budget introduced a range of reforms to further simplify the process for taxpayers. The measures focus on easing return-filing timelines, reducing…

Gold price today: Gold continued to trade in red on Monday, extending losses on the Multi Commodity Exchange (MCX), triggering lower circuit limits as investors rushed to book profits. Gold prices slumped by 6%, shedding nearly Rs 9,700 per 10 grams on MCX. The decline marked the third consecutive day of losses for gold futures,…

Volatility in the near term could intensify after CME Group announced an increase in margin requirements for Comex gold and silver futures starting Monday. (AI image) Gold, silver price today: Gold and silver prices continued their steep decline on Monday, dropping sharply on Multi Commodity Exchange (MCX) futures trade. This is the third consecutive day…

India’s factory activity picked up marginally in January after slipping to a two-year low the previous month. The sector was helped by strong inflows of new orders, even as sentiment among manufacturers weakened sharply, a monthly survey showed on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.4 in January…

After plunging nearly 20%, gold and silver ETFs managed to offset some of their losses on Monday. The Bombay Stock Exchange, imposed trading limits on ETFs of the two metals due to increased volitality. The imit came after a sharp sell-off from record highs, which sparked massive price swings across bullion markets and related exchange-traded…

Inactive public sector enterprises (PSEs) should be considered for immediate closure to reduce fiscal strain on central and state governments, the 16th Finance Commission has recommended in its report while calling for deep reforms in the sector.The panel also said that land and buildings owned by inactive PSEs are valuable and could be deployed to…

Gold price prediction: Technically, the trend still remains positive, however RMS selling and profit booking has changed the behaviour and structure of the chart. (AI image) Gold price prediction today: Gold prices will continue to be volatile and range bound in the near future, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial…

Road out of troubled waters The Finance Commission has proposed a targeted push to accelerate and make India’s urban growth more orderly, focusing on strengthening mid-sized cities and bringing rapidly urbanising fringes of cities into municipal corporations.In its recommendations on urban local body (ULB) grants, the 16th Finance Commission has outlined two key priorities: integrating…

No change in tax transfers, Finance Commission cautions on cash transfer surgeWhen the 16th Finance Commission began work, one concern for the southern states was a fall in their share of tax transfers from the Centre. Having invested in population control and human development over decades, they did not want to be penalised for outperforming…