current financial year

current financial year News

More than 50% rise in patents granted in FY19 over FY17

Currently, the Delhi patent office — with nearly 14,000, or 37.58 per cent — has the highest number of patent applications awaiting examination. This is followed by the Chennai patent office with 36,336 (around 35 per cent) such applications.

Centre’s staff strength jumps nearly 7% in current fiscal

The Centre’s pension bill, which includes both civilian and defence pensions, has been rising faster than its salary expenditure.


Briefly Business

Fitch Ratings cut India’s growth forecast for the current financial year to 4.8 per cent.

SAIL Q1 net down 35.25% at R451 cr

The country’s biggest steel maker SAIL’s net profit has dipped 35.25 per cent

AMC registers 31% rise in property tax

The Ahmedabad Municipal Corporation (AMC) has registered a 31 per cent increase in property tax collection in the first four months of the current financial year as compared to the corresponding period last year

PNB seeks R1,500 cr from govt; net up 2.4%

Net interest margin declines to 3.52% in Q1


Kotak Mahindra Bank Q1 net up 43% at Rs 403 cr on core income rise

Net profit of the bank stood at Rs 282.45 crore in the same period last fiscal.

‘Insurance sector to grow 5% in FY’14’

The insurance sector in the country would witness moderate growth,remaining at sub-5 per cent levels

Don’t comment on new tax system,BMC tells its councillors

After a few corporators announced that citizens can pay their property taxes based on the old system,the Brihanmumbai Municipal Corporation (BMC) Monday asked its councillors not to comment on the issue further.

CBDT targets over Rs 1 lakh cr refunds in FY’12

The Central Board of Direct Taxes plans to issue refunds worth over Rs 1 lakh crore in the current financial year,outgoing CBDT chairman Sudhir Chandra said.