The business wrap: Sensex hits record high crossing 30,000-mark, and 6 other top stories
Other headlines: Arun Jaitley said farm income tax will not be imposed as proposed by Niti Aayog, and Google tweaks algorithm in a bid to fight fake news.
A look at the headlines in this sector right now:
- Markets end at all-time high as Sensex crosses 30,000-mark for the first time: Nifty closed at 9,351 and the rupee also hit a 20-month high, closing at 63.93 against the dollar.
- No taxes to be imposed on agricultural income, says Finance Minister Arun Jaitley: The Centre disagreed with the Niti Aayog’s proposal to tax farm income.
- Google tweaks its algorithm to stop fake news from showing up in search results: The tech giant said it will train its evaluators to better spot ‘low-quality’ websites and make it easier for users to flag false information.
- I-T Department slaps Rs 24,646-crore fine on Sahara Group’s Aamby Valley: It issued a notice to the company after an audit found that income of over Rs 48,000 crore had not been declared in the 2012-’13 assessment year.
- US judge blocks Donald Trump’s proposal to slash federal funding for ‘sanctuary cities’: White House Chief of Staff Reince Priebus said the government will appeal against the ruling.
- Donald Trump to unveil tax plan slashing corporate rate, say reports: It is believed there would be no new proposals for raising new revenue, Reuters reported.
- GST implementation will not lead to inflation, says Revenue Secretary Hasmukh Adhia: He said the policy which will be rolled out from July will strengthen domestic manufacturing and the Make In India initiative.
