Sunday, September 13
In a stunning testament to India's economic transformation, the BSE Sensex has emerged as the nation's most reliable wealth creation machine, turning a modest investment into a fortune over four-and-a-half decades. What started at a humble base value of 100 in April 1979 has skyrocketed to 80,000 in 2025, a jaw-dropping 798-fold increase that has consistently doubled investors' money approximately every five years.The numbers tell an extraordinary story of wealth multiplication that few global indices can match. An investor who put Rs 10,000 into Sensex stocks at inception would be sitting on nearly Rs 80 lakh today, showcasing the index's remarkable compounding power.Sensex milestonesThe journey of Sensex, which touched a historic high of 85,978.25 in 2024, has been marked by spectacular
New Income Tax Bill 2025: The Income Tax Bill was passed by the Lok Sabha amid din on Monday, after Finance Minister Nirmala Sitharaman introduced a revised version, incorporating most of the recommendations made by the Select Committee headed by Baijayant Panda.The bill was tabled on Monday following the government’s decision last week to withdraw the Income-Tax Bill, 2025, which was presented on February 13 to replace the six-decade-old Income-Tax Act, 1961. The new draft, tabled on August 11, aims to provide lawmakers with a single, updated version that reflects all suggested changes.Explaining the withdrawal in Parliament, Sitharaman said, “Suggestions have been received which are required to be incorporated to convey the correct legislative meaning. There are corrections in the na
Snapping a five-day rally, gold prices retreated from record high levels and ended Rs 900 lower at Rs 1,02,520 per 10 grams in the national capital on Monday as stockists turned to selling amid easing geopolitical tensions. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had climbed Rs 800 to hit a record peak of Rs 1,03,420 per 10 grams on Friday. Gold of 99.5 per cent purity, which also reached the peak of Rs 1,03,000 per 10 grams in the preceding session, declined Rs 900 to Rs 1,02,100 per 10 grams (inclusive of all taxes) on Monday. In the five sessions until Friday, the yellow metal prices have increased by Rs 5,800 per 10 grams. "Gold resumes trading on a weaker note as the upbeat market mood diminishes demand for traditional safe-haven asset
