Economy News  

India is also losing a ton of millionaires to the UAE; however, it is not concerning yet, as India is also producing more high-net-worth individuals (HNWIs) than it is losing to emigration.

The Indian rupee, which started the day on a weak note, fell 20 paise to 71.47 against the US dollar in early trade on Friday. The rupee on Wednesday had closed at 71.27 against the US dollar.

The rupee, which had plunged 62 paise to close at a nearly six-month low of 71.40 on Tuesday saw a momentum shift as it rose from a 6-month low by 55 paise to touch 70.85 against the US Dollar in early trade on Wednesday
 

After the special status to Jammu and Kashmir was revoked, the Confederation of Indian Industry (CII) will support investment activities in the newly formed union territories. CII assured the government and finance minister Nirmala Sitharaman of its support.

 

The last date to file Income Tax Returns (IT returns) has been postponed to 31 August. Here are the reasons for extending the deadline.