To ease the e-verification process of income tax returns (ITR), the Income Tax department has now launched a new facility on its e-filing portal. Taxpayers can e-verify their ITR without even logging in to the e-filing website. Here's the complete process:  On the homepage, there is a new option of 'e-verify return' under ‘Quick Links’ for Income Tax e-filing on the website. Clicking on it will take you to the new e-verification page then you can verify ITR by simply entering PAN, mentioning the assessment year and acknowledgment number mentioned in the ITR-V form. Once ITR is submitted, it is mandatory to verify it within 120 days it can be done even after August 31, the last day of filing ITR. In case if it can forget to verify ITR then it will not be processed and fine is to be charged for not filing ITR

Zomato- India's most-used food directory was originally launched at the peak of the Indian start-up boom. The food delivery start-up is India’s largest restaurant search. Earlier this week, Zomato announced that it has broken even in several big markets including India and they hit profitability. In 2015 under the E-commerce start-ups in the food delivery segment, some food start-ups have shut down entirely and others have been acquired. Zomato too scaled back in four Indian cities and has laid off a few hundred employees in last year. The company axes around 100 employees in a cost-cutting drive. Zomato also confirmed the development.  In its current customer support workforce, it is said that the lay-offs were carried out due to redundancies. Zomato had earlier 10% of its staff due to cost-cutting or laid-

Despite, gold being a precious metal, it is seeing a sharp rally this year, many analysts remain bullish. In Indian markets, jewellers have reported a surge in supply of scrap gold as people sell old jewellery, which prompts high in price as per the record. The Reserve Bank of India cut repo rate by 35 basis points. Since the last week of May, gold prices have risen sharply, propelled by increased safe have demand increase downside risks to growth and a worsening geopolitical situation. Due to high in record gold prices have dampened the demand for the precious metal. For scrap supplies, as more people sell their oil ornaments prompted by high prices. Further reducing import requirements by scrap supplies. In last month the Government increased the import duty on gold to 12.5 %, from 10%. At a time when domestic

The US dollar is falling down against rupee trades. In Mumbai, the Indian rupee strengthened marginally against US dollar on Thursday. Asian peers and drop in crude oil. After China’s central bank Asian currencies were trading higher and will set its daily fixing stronger than expected. On Thursday, The Indian rupee rose had higher against the US dollar while tracking its Asian peers, which gained as a stronger eased concern about the US-China trade dispute. On Wednesday it closes of 70.89 when the rupee was at 70.80 up by 0.10% a dollar. The domestic currency had opened at 70.84 and has so far touched a high of 70.78 and a low of 70.84 per dollar. So far this year, the unit has declined by 1.41%. The 10-year government bond yield was at 6.381%, on comparison with its previous close of 6.369%. The benchmark equ

On Thursday, the Indian stock market is under pressure. On these day Asian shares braced for more volatility as eye-catching easing by central banks stoked fears of a global recession, driving US yields to near-record lows and lifting gold past $1,500 for the first time since 2013. On Wednesday, the Reserve Bank of India report in customer confidence which should be drop-in July as Indian households remained pessimistic about jobs and the general economic situation. Later on, the Philippines is expected to cut on Thursday. The latest spasm began when central banks in New Zealand, India, and Thailand surprised markets with aggressive easing On Wednesday evening, markets regulator that is the Securities and Exchange Board of India (SEBI) has tightened the norms for pledging of shares by promoters of listed companie

In a slew of announcements after the repo rate cut, the Reserve Bank of India (RBI), unveiling the monetary policy review, lowered its GDP growth projection, introduced round-the-clock transfers through NEFT and a bill payment system for repeat payments. Here are the few updates: Repetitive Bill Payments to be Covered Under Bharat Bill Payments System The RBI has decided to cover all repetitive bill payments under the Bharat Bill Payment System (BBPS) and a detailed guideline in this regard will be issued by September-end. Currently, repetitive bill payments cover five segments — direct-to-home, electricity, gas, telecom and water bills under the BBPS — which is an interoperable platform. More Liquidity Taps Opened to NBFCs Governor Shaktikanta Das on Wednesday said the Reserve Bank will not allow

China’s exports probably fell for a second successive month, while imports likely contracted more sharply in July, escalating a trade war between the world’s two biggest economies that is the US and China. The incidents precipitated bursts of capital flight that distorted the Chinese economy and forced the authorities to prop up the currency by using capital controls and purchases by state-run banks. On the other hand, Chinese seed and food company shares and rare-earth firms were boosted on hopes that Beijing will not buy more from the US. The reality is that the US has a far greater ability to control its own currency than Europe, which is beset with problems including Italian instability, an unbalanced economy across the bloc and fiscal tightness. Meanwhile, the Trump administration may realise tha

Three central banks across the Asia Pacific delivered surprise interest-rate decisions on Wednesday as policymakers take aggressive action to counter a worsening global economy.  New Zealand and India led with bigger-than-expected cuts, while Thailand’s 25-bp reduction was a surprise to all but two in a Bloomberg survey of economists. Now a day’s currency is going to play another role in policymaker decision Policymakers are taking bolder steps to bolster their economies as escalating US-China trade tensions threaten to worsen global growth and currency battles roil financial markets. Investment activity is recovering but supported mainly by public spending on infrastructure. With the limits of their defense against the oncoming downturn, Major central banks are grappling. In September, the European Centr